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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  Dec 14 2010, 4:56 PM

CSX 1001, one of only 12 genuine 1965 Shelby Cobra S/C 427s and the only one to sport an aluminum engine, will be going up for auction at Russo and Steele’s Scottsdale event in January.

Built using an original AC body from Britain, it was completed for Carroll Shelby personally and along with the car, the winning bidder will receive original paperwork verifying ol’ Shel as the Cobra’s original owner.

In view of its pedigree, exotic engine and also the fact that it is one of just 12 Semi Competition Cobras built in 1965, it’s anybody’s guess to how much the car will sell for when it goes under the gavel. However, one thing’s for certain, interested parties should make sure they’ve got plenty of cash on hand when the time comes.

[Source: Autoweek]

 |  Nov 05 2010, 12:49 PM

russo and steele

After last year’s violent weather during the annual Scottsdale classic car auctions; Russo and Steele, which suffered the most extensive damage, is not taking any chances when it puts on its 11th annual event next January.

As a result, Russo and Steele has decided to move the site of its auction to North Scottsdale at the intersection of Freeway Loop 101 and Hayden Road. The new location was chosen primarily because it offers much better protection from the elements as well as improved drainage. For the 2011 auction, slated to take place on January 9-23 2011; Russo and Steele will also incorporate a Losberger structure – a German manufactured clear span ‘aluminum’ hall; designed to provide greater protection than a traditional tent as well as an ‘all-encompassing environment’ for the auction.

In a recent press statement, Drew Alcazar, CEO of Russo and Steele, thanked the Arizona State Land Department and the City of Scottsdale for their assistance in helping find a new venue. “Countless hours were invested, looking at every conceivable option to improve and ensure the long-standing quality event we have invested so many years to build,” he said. Now, with the new venue confirmed, Alcazar went on to declare, “Russo and Steele is ready to put the pedal to the metal, as we make the strongest statement in our 11-plus-year history. Russo and Steele is back, better than ever.”

[Source: Autoweek]

 |  Aug 13 2010, 9:18 AM

Ford and super car enthusiasts will have a unique opportunity to purchase Steve Saleen’s personal Ford GT when it crosses the auction block at Russo and Steele’s event in Monterey, on Saturday August 14th at 9.30 pm. Although a production run of just over 4000 units mean that any Ford GT is a rare and desirable car, this particular example is even more so.

For starters, it’s number five of the nine prototype GTs built and was the only one of them to have it’s 5.4-liter DOHC V-8 fitted with a hand-built twin-screw supercharger. The car has never been titled and currently displays less than 4000 miles on the odometer. It’s also a star of the silver screen, having been featured in films such as State of the Union, XXX, Fast and Furious and Rocky VI.

Steve Saleen will be present when the car is auctioned off and the vehicle comes autographed by the man himself. For more information on this car, click on the link below.

[Source: Russo and Steele]

 |  Jun 30 2010, 1:55 PM

In 1969; Ford Motor Company and Bud Moore battled Roger Penske and Chevrolet in the Sports Car Club of America’s Trans American Sedan championship for supremacy. Now, one of the survivors of that tremendous season is being put up for sale.

Despite being highly competitive in the 1969 season (Bud Moore/Ford team drivers Parnelli Jones and George Follmer won four out of the first five races) a series of late season mishaps, including a spectacular three car crash at Ste. Jovite gave Mark Donohue and the Team Penske Camaros the edge and the manufacturer’s title went to Chevrolet. Nevertheless, the surviving Trans Am Mustangs from this golden era, still command serious money when they go up for sale today.

One of only two genuine 1969 Trans Am Mustangs still in existence, is this car – chassis number 112074, which is due to be auctioned off at Russo and Steele’s event in Monterey on August 12-14th. This particular machine made it’s competition debut at the Citrus 250 NASCAR race in February 1969, driven by Parnelli Jones. Built originally as a Daytona Special, it became the Bud Moore prototype and later the team’s main car during the 1969 Trans Am season. It’s also significant in being the only 1969 Trans Am Mustang to be raced both by Bud Moore and Team Shelby. The car, which is fully certified and documented by both the Federation Internationale d’Automobile (FIA) and the Historic Trans Am Registry, is likely to attract a lot of attention and some very serious bidding at Russo and Steele. Make sure you check back with AutoGuide for the final sales results from this highly anticipated auction.

 |  May 03 2010, 9:31 AM

Russo Steele

This past winter has been an interesting one. The effects of El Nino spared much of the Midwest and parts of the North Eastern United States and Canada, while down south cold temperatures and fierce storms wreaked havoc. At the prominent Arizona classic car auctions in January, high winds and rain did their best to put a damper on things. At Russo Steele, on January, 21st, two huge tents, holding several hundred collectible and special interest vehicles, collapsed, causing one of them to blow across a nearby freeway and the other to land on and damage a number of classic vehicles.

The company that supplied the tents, Tri-Rentals, said to the auction house that it had reinforced the tents due to the bad weather, but the damage was still extensive. The Scottsdale Fire Department closed the auction grounds for two days to clear up the mess and when they finally opened again, Russo Steele had to use semi-trailers, concrete blocks and other methods to protect the auction site. Perhaps in view of the lost revenue, it probably isn’t surprising that the auction house is now suing Tri-Rentals. A statement was issued on Thursday, April 29th from Russo Steele, citing a lawsuit against the tent company that includes charges of gross negligence, negligence, fair dealing and breach of faith among other things. The statement did not mention the amount in damages, nor what else R-S is seeking from Tri-Rentals.

If the suit is successful, it might bring about new regulations and requirements for building and tent construction at future Scottsdale auctions.

[Source: Autoweek]