Headquarters Phoenix, Arizona, USA | Key people Drew Alcazar,
CEO | |
Industry Collector Automobile Auctions Founded Scottsdale, Arizona
(2001) Founder Drew and Josephine Alcazar Area served Scottsdale, Arizona Monterey, California Newport Beach, California | ||
Russo and Steele is a collector and classic car auction company that is headquartered in Phoenix, Arizona. The company specializes in the sale of European sports cars, American muscle cars, hot rods and customs. The company was founded in 2001 by Drew and Josephine Alcazar. The company held its first events in Scottsdale, Arizona and in Monterey, California. The company has since added auctions in Newport Beach, California. Typical auctions are held in outdoor locations where prospective bidders can inspect and bid on cars directly in an "auctions in the round" format.
At a 2010 event an 800-foot-long auction tent fell over due to strong winds, striking several cars and causing an estimated $1.5 million in damages. A reality show on ESPN aired following the storm documenting the companies recovery.