THE MOST EXCITING COLLECTOR AUTOMOBILE AUCTION IN THE WORLD

Russo and Steele was created to provide a highly targeted alternative to the world of collector car auctions. Specializing in European sports cars, American muscle cars, hot rods and customs, Russo and Steele was launched in Scottsdale, Arizona in 2001. Chief Executive Officer Drew Alcazar, along with his wife and partner Josephine had a very clear vision of what they wanted to deliver – a unique, highly personal and visceral experience in an intimate environment. The objective was an auction that focused on the specific needs of primarily the buyers and sellers of high quality collector automobiles.

 

Embracing decades of experience in collector car restoration and harboring a true passion for quality cars, Drew and Josephine had a very specific design for the type of auction experience they wanted Russo and Steele to embody. Needing an environment as unique as his vision, Drew Alcazar developed an auction block that has never been created before or since, and the “Auction in the Round” concept was born. This incredible auction innovation puts buyers, sellers and spectators right on the floor with the cars, providing an all access, high energy experience with no cars on stages and no separation with a ground level auction ‘arena’ and elevated platform seating 360 degrees around the stage. This creates a virtual ‘boxing ring’ or ‘coliseum’ effect which funnels buyers to the epicenter of the action. The Auction in the Round format thus creates a very interactive auction block now known industry wide to generate not only high levels of excitement, but a sense of urgency and personal emotion resulting in extremely intense and spirited bidding – After all, that is what live auction events are all about!

 

The expertise of Russo and Steele also goes beyond the singular focus and objective of a collector car auction. The principals and staff of Russo and Steele are fellow enthusiasts as well, actively participating in Concours shows, road rallies, auctions, vintage racing and other collector car events each year.

 

The “for enthusiasts by enthusiasts” approach not only fuels camaraderie between clients, but also produces events that consistently create a long term memorable experience for all attendees. Russo and Steele takes great pride in being the most knowledgeable and the most in tune Auction Company within the car collecting hobby. This results in the highest quality automobiles at every auction, with the strongest possible results.

FREQUENTLY ASKED QUESTIONS

CONSIGNORS

1. How do I begin the consignment process?

The first step in getting your collector automobile consigned with Russo and Steele begins with the completion of the initial consignment application. You can apply online (recommended), via fax or traditional mail. To start the consignment process CLICK HERE and select your preferred method of application.

 

If you have additional questions or require further information, please contact a Russo and Steele Consignment Specialist at Consignments@RussoandSteele.com or at 602-252-2697

2. Reserve or no reserve?

At Russo and Steele we accept cars with and without reserve. We’ve done it both ways and our clients have told us that they prefer to have the choice.

 

To learn more about the consignment process and the variety of options Russo and Steele offers CLICK HERE or contact a Consignment Specialist directly at Consignments@RussoandSteele.com or at 602-252-2697

3. How are lot numbers assigned?

We don’t sell lot numbers. Our job is to find the best buyers available for your car and the means assigning based on value consistency. We assemble the run order in a manner that will put your car with like price points, insuring the right buyers will be exposed to the right cars. Our goal is to maintain the highest level of excitement possible and produce the greatest results across all value ranges.

 

To learn more about the consignment process and the variety of options Russo and Steele offers CLICK HERE or contact a Consignment Specialist directly at Consignments@RussoandSteele.com or at 602-252-2697

4. How do I get my car to the auction site?

You are welcome to drive or trailer in your consignment to the auction event. We also work with the industries leading transport companies and often times have arranged special offers exclusive to Russo and Steele clients to in order to help arrange delivery.  Reliable Carriers and Pilot Transport, our Sponsors are available to assist you onsite with all your transportation requirements.

 

For more information on vehicle transport CLICK HERE and select the applicable auction event, or contact a Russo and Steele Consignment Specialist at Consignments@RussoandSteele.com or at 602-252-2697

5. When does my car need to arrive onsite?

Vehicle check generally occurs 1 to 2 days prior to the start of every Preview Day of the Auction Event. A formal vehicle check in schedule will be published well in advance of the event on the corresponding events auction page located HERE. Please consult the auctions schedule of events for complete details.

 

If you have further questions or need additional information a Vehicle Operations Specialist can be reached at Consignments@RussoandSteele.com or at 602-252-2697

6. Do you have onsite services available for my vehicle?

Russo and Steele offers a variety of onsite vehicle support services for your collector automobile. These services are including but not limited to professional detailers, onsite vehicle service and maintenance, locksmiths and more!

 

Please consult the Services and Amenities section of the corresponding auction event page HERE  for additional information.

7. What do I do while my vehicle is crossing the block?

If you’re selling your vehicle with a Reserve, it is critical that you are in contact with a Russo and Steele Sellers Ambassador while your vehicle is crossing the block. If you are attending the event, it means physically being present on the block and meeting with the assigned ambassador a minimum of 3 lots prior to the sale of your vehicle. If you are unable to attend the event, its important that you inform  your Consignment Specialist a minimum of 24 hours  prior to the sale day and are in contact via telephone with your Consignment Specialist 30 minutes to 1 hour prior to your lots assigned run time.

 

If you have additional questions or require further information, please contact Russo and Steele event staff at Consignments@RussoandSteele.com or at 602-252-2697

8. My car sold! How long before I’m paid?

Checks are generally issued and in route via US Postal Service within 15 business days of final closeout of the corresponding auction event. Please allow applicable time for shipping to your respective location. Additional please allow appropriate time for international purchases and sales.

9. What happens if my reserve isn't met?

If your vehicles reserve is not met on the block, it will be relocated to our display lot where we will continue to work for you to sell your vehicle.  At Russo and Steele we feature one of the most extensive Post-Sale networks in the business.  Although vehicles must vacate the property no later than Noon Tuesday post auction, if no offers have been made onsite, your vehicle will then remain in our post sale network for up to 30 days. We will contact you if an offer is made on the vehicle.

 

Simply put, nobody wants to sell your vehicle more than we do, and our team has become well known throughout the industry for our hard work both pre and post sale. Nobody works harder for you than Russo and Steele!

10. What do I do if I have further questions?

If you have additional questions, or require any further information regarding the consignment process you can reach a Consignment Specialist at Consignments@RussoandSteele.com or at 602-252-2697

 

To receive a complementary vehicle analysis please click HERE and complete our online consignment application.

BIDDERS

1. How do I become a bidder and what does it cost?

Buying your classic car at Russo and Steele Automobile Auctions is easy. Simply, complete the registration form on our website, sign it and return to us via mail, or email along with the other required items (Driver’s license or passport identification, Bank letter of guarantee with signed check or plan on providing a $10,000 US credit card authorization, a copy of your current drivers insurance, if applicable a copy of Dealer license and resale tax certificate when registering as a dealer.) Once processed, you will receive a Bidder number/Confirmation from our Bidder Liaison with additional details about your registration.
Bidder registration is only $200 ($100 if you register 30 days prior to Auction.)

 

Learn more about becoming a bidder at Russo and Steele HERE

2. What is the buyer’s premium?

Russo and Steele only charges a low flat 10% Buyers Premium on all in person purchases. Premium for internet and phone bidders is 12%

3. Can I register prior to the event or only onsite?

At Russo and Steele, you may pre-register online HERE or on-site .

 

 

There are several benefits of registering prior to the event.
By registering 30 days prior to the auction, you qualify to save half off your Bidder Credential Registration Fee. By registering 21 days prior to event with all required documents submitted, you become eligible to receive credentials delivered to you by mail. If you submit your pre-registration following the expiration of the 21 day period, we will have your credentials ready for you to pick up on-site at the Pre-Registered Bidder’s Line located in the main registration tent.

 

If you decide to become a bidder once onsite you are able to upgrade to a bidder credential at anytime during the auction. Bidder registration is $200 and includes bidder credentials, 1 guest pass, drink tickets, official run list and parking credentials (not applicable at the Monterey auction). Additional guest passes are available for $75

 

To learn more about becoming a bidder please click HERE

4. What is a bank letter of guarantee?

A bank letter of guarantee is a letter from your financial institution guaranteeing they will pay up to an agreed-upon sum to Russo and Steele Collector Automobile Auctions for your purchases. Please be advised: Your bank letter must be accompanied by a signed, matching account number check to be a valid form of collateralization. The bank letter is merely for collateralization; we no longer accept checks as a form of payment. All payments must be received via bank-wire transfer on the first business day following the auction. Bank letters and matching account, signed check must be from a United States Bank.

 

To view a sample bank letter CLICK HERE

5. Do I have to be present to bid?

You do not. Russo and Steele offers both telephone and absentee bidding options. Buyers who are unable to attend the sale and are interested in becoming a phone bidder or an absentee bidder must first register as a bidder online and then fill out the Absentee/Phone Bidding Bidder Agreement completely and send in all required items to be reviewed and processed by an absentee representative no later than 24 hours prior to the day you want to bid.

 

To learn more about absentee and telephone bidding CLICK HERE

 

To contact a Bidder Services Representative, email Bidders@RussoandSteele.com or call 602-252-2697

6. How do I pay for my purchase?

Following the closing of the lot in which your winning bid was placed, or the completion of that days auction activities, please visit the Cashier Office onsite at the event. A member of our auction staff will assist you in closing out your sale and provide you with wiring instructions. To expedite your Cashout experience, please have your proof of insurance, and if applicable, Bill of Lading, Dealer License, and Resale Certificate with you.

 

NOTE: RUSSO AND STEELE ONLY ACCEPTS BANK WIRE TRANSFERS AS PAYMENT ON WINNING BIDS

 

If you have further questions or require additional information, please contact the Russo and Steele Business office at Bidders@RussoandSteele.com or at 602-252-2697 

7. Do I pay sales tax?

For our Arizona Sale

 

Not purchasing as a Motor Vehicle Dealer:
If you have a valid Arizona Driver’s License, YES.
If you plan on keeping the vehicle in the state of Arizona, YES.
If you take possession of the vehicle from our lot and drive it away, YES.

NONE: Arizona residents that won’t pay tax, must answer False, to all questions 1-12 below and ship the vehicle out of the state of AZ by a licensed Carrier (Our Sponsors Reliable Carriers and Pilot Transport are on-site at our events and ready to assist with the transport of your vehicle):
1. I am physically present in Arizona for at least seven (7) months of the year. …………………………………………..
2. I am engaged in a trade, profession or occupation in Arizona in other than seasonal agricultural work or temporary seasonal work. ……………………………………………………………………………………
3. I am employed in the State of Arizona. ………………………………………………………………………………………………
4. I have placed my children in an Arizona public school (K-12) without payment of nonresident tuition. ……………….
5. I attend an Arizona educational institution and pay resident status tuition rates. ……………………………………..
6. I am an individual, partnership, company, firm, corporation or association that maintains a main office, a branch office or warehouse facilities in this state and that bases and operates motor vehicles in this state.
7. I am an individual, partnership, company, firm, corporation or association that operates motor vehicles in intrastate transportation, for other than seasonal agricultural work. ………………………………
8. I am purchasing this vehicle for transfer to a resident of Arizona. ………………………………………………………….
9. I have a valid driver’s license issued by the State of Arizona. ……………………………………………………………….
10. I am registered to vote in the State of Arizona…………………………………………………………………………………….
11. I file Resident status income tax returns, or business tax returns in the State of Arizona ………………………….
12. The insurance policy listed above (other than a temporary binder) is issued under the laws of Arizona ……..

 

 

For our California Auctions

 

Not purchasing as a State of California Motor Vehicle Dealer
If you have a valid California Driver’s License, YES.
If you plan on keeping the vehicle in the state of California, YES.
If you take possession of the vehicle from our lot and drive it away, YES.

NONE California Residents and Dealers Must Transport the vehicle out of the state with a licensed ICC Carrier (Our Sponsors Reliable Carriers and Pilot Transport are on-site at our events and ready to assist with the transport of your vehicle.)

California Motor Vehicle Dealers Wholesale and Retail must provide an In Force Dealer’s License and Resale Permit.

8. What is required to take delivery and receive a title?

In order to take delivery and begin getting your title processed, you will need to visit our Cashier Office to sign all necessary paperwork and to determine the final amount due for your purchase while onsite at the auction. Proof of insurance is required. Driver’s License, State issued ID or Passport (for Out of Country) is also required. Purchases must be fully funded, via wire transfer, prior to the release of any vehicle.

 

Arizona Sales – Titles will be shipped within 30 days.
California Sales – Purchasing as an individual, not a dealer and live in the state of California, California DMV will mail you your registration, title and plates within 30 days.
California Sales, None Residents, will receive titles, via UPS within 30 days.

9. How do I get my purchase home?

Depending on whether you’re paying tax or not (see above), You are welcome to drive or trailer out your new purchase or make arrangements with an ICC Licensed Transport Carrier.  Reliable Carriers and Pilot Transport are on-site at all of our auctions to help assist you with the transport of your vehicle.

 

For more information on vehicle transport CLICK HERE and select the applicable auction event, or contact a Russo and Steele Vehicle Operations Associate at VehicleOps@RussoandSteele.com or at 602-252-2697

10. What do I do if I have further questions?

If you have additional questions, or require any further information regarding bidding or bidder services you can reach a Bidder Services Representative at Bidders@RussoandSteele.com or at 602-252-2697

 

If you wish to register online as a bidder please click HERE and complete our online bidder registration application.

EVENT ATTENDANCE

1. Can I see the auction? How Much to Attend?

Russo and Steele General admission ticket holders do have access to the auction areas and are permitted to view the auction block and all auction activities.

 

General admission tickets are $30 and are available in the main registration tent at the event, or online by clicking HERE 

 

You can upgrade and receive a bidder registration number for $200. Bidder numbers include bidder credentials, 1 guest pass, drink tickets, an official pocket guide and parking credentials (not applicable at the Monterey auction). Additional guest passes are available for $75.

 

To learn more about becoming a bidder please click HERE

2. Where can I get tickets?

Tickets are available on-site at the General Admission Desk at the event (Cash Only) or can be purchased online in advance by clicking HERE with a major credit card.

3. When and where are your auctions?

We currently hold three auction events per year including Scottsdale, Arizona in January, Newport Beach, California in June and Monterey, California in August. We are always adding exciting new events so please don’t hesitate to check back often.

 

For more information on Russo and Steele auction events please click HERE

4. What if I decide I want to become a bidder?

Bidder registration numbers can be purchased onsite in the main registration tent at the bidder services table or online prior to the event by clicking HERE for $200. Bidder numbers include bidder credentials, 1 guest pass, drink tickets, an official pocket guide and parking credentials (not applicable at the Monterey auction). Additional guest passes are available for $75. General admission ticket purchases will be applied to the price of a bidder credential.

 

To learn more about becoming a bidder please click HERE

5. What do I do if I have further questions?

If you have additional questions, or require any further information regarding Russo and Steele auction events and/or how to attend please contact a Russo and Steele staff member directly at Info@RussoandSteele.com or at 602-252-2697

 

To purchase tickets online, please click HERE

 

POST EVENT & PAPERWORK

1. Where can I find auction results?

Auction results are available on our results page following the final closeout of all auction events.

 

To view results from both current and past auctions please click HERE

 

For all media inquiries please visit our Media Relations page by clicking HERE

2. How long does it take to process titles?

Titles are generally processed and in route via UPS within 30 days of final closeout of the corresponding auction event. Please allow applicable time for shipping to your respective location. Individual state MVD processing times may vary. Please allow additional time for international purchases.

3. How long does it take to issue checks?

Checks are generally issued and in route via US Postal Service within 15 business days of final closeout of the corresponding auction event. Please allow applicable time for shipping to your respective location. Additional please allow appropriate time for international purchases and sales.

4. When will my No Sale vehicle be released?

No sale vehicles are available at 10:00 AM, Monday POST AUCTION for the Newport Beach and Scottsdale, Arizona sales and Sunday at 10:00 AM POST AUCTION for our Monterey, California Sale. Please contact us to let us know who is picking up the vehicle (if you are not picking it up yourself) by either corresponding with your Consignment Specialist directly, or emailing us at Consignments@RussoandSteele.com.

5. What do I do if I have further questions?

If you have additional questions, or require any further information regarding Russo and Steele paperwork and/or post event activities and procedures please contact a Russo and Steele staff member directly at Info@RussoandSteele.com or at 602-252-2697

 

For more information regarding upcoming events, please click HERE

 


HAVE ADDITIONAL QUESTIONS? CALL US AT 602-252-2697 OR CONTACT US HERE

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