Sports Car Market and Keith Martin should be ashamed of reporting such nonsense as they did in their January 2007 edition. IS THIS COINCIDENCE OR COLLUSION? MULTI-PAGE ADS FROM RUSSO AND STEELE APPEARED in SPORTS CAR MARKET MAGAZINE AFTER THE ARTICLE BELOW RAN.
In REALITY only half of the cars found new owners and the sales numbers may have been overstated by more than twice the amount. The only thing resounding is the collusion in this fairy tale between the people making money and an unsuspecting public.
From the Sports Car Market January 2007 issue.............
Russo and Steele's "Sports and Muscle in Monterey collector automobile auction has announced the resounding figure of $13 million dollars in final sales that roared across the auction block for their sixth annual, 100% No Reserve, Monterey auction that took place August 18-19, 2006. Amongst their success on the auction block Russo & Steele had great success during their Thursday, August 17th 2006, charity preview event that benefited a local Monterey, CA non-profit organization called "My Museum."
Three different television programs captured the action and excitement at Russo & Steele Monterey. Voom's Treasure HD, the high-definition program on collecting (found on dish network channel 9473), covered both nights of the entire auction live. Voom also aired two 1-hour preview shows that had interviews with Drew Alcazar, president of Russo & Steele, and John Bemiss, Consignment Director. Additionally, The Learning Channel filmed a segment of their "Rags to Riches" show that featured the Mercury Cougar prepared by Barry's Speed Shop. Finally, The Discovery Channel filmed a segment featuring the 1953 Studebaker.
Among the spotlighted cars found at the auction were the only yellow 2005 Porsche Carrera GT (at this time) with a final bid of $375,000, a very rare and historic 1922 Duesenberg "A Model" race car with a final bid of $96,000, a 1938 Lencki Blue Crown Special Indy racer with a final bid of $240,000, a 1966 Shelby 427 full competition Cobra with a final bid of $585,000, a 1961 Lotus 20/22 Formula Junior with a final bid of $55,000, a 1959 Stanguellini FJ Monoposto with a final bid $121,000, and a 1989 Walkey LSR Streamliner with a final bid $35,000.
Details on all final bids on Russo and Steele cars can be found at www.russoandsteele.com.
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3 comments:
Keith Martin will surely get tossed from Barrett Jackson now that he has started turning a blind eye and reporting and covering auctions just to get advertising dollars. Didn't Keith start out as one of the good guys? This whole collector car hobby is turning into a joke
I am the auction editor for Sports Car Market. The article quoted here NEVER appeared in Sports Car Market. Please check our November issue to see our comments on Monterey and the R&S auction, in which we discuss R&S's liberal buy-back policy and the effect it has on their posted sale results.
But I repeat, the posted comments did not come from Sports Car Market magazine.
If you have questions or comments, please contact me directly at SCMstaff@gmail.com.
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