Russo and Steele is an American collector and

classic car A classic car is an older car, typically 25 years or older, though definitions vary.While other languages, such as German and Dutch, may refer to classic cars as "oldtimers", this usage is unknown in English, where "old-timer" refers to an elder ...

auction An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition ex ...

company that is headquartered in

Phoenix, Arizona Phoenix ( ; nv, Hoozdo; es, Fénix or , yuf-x-wal, Banyà:nyuwá) is the List of capitals in the United States, capital and List of cities and towns in Arizona#List of cities and towns, most populous city of the U.S. state of Arizona, with 1 ...

. The company specializes in the sale of

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

sports cars A sports car is a car designed with an emphasis on dynamic performance, such as handling, acceleration, top speed, the thrill of driving and racing capability. Sports cars originated in Europe in the early 1900s and are currently produced by ...

American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, pe ...

muscle cars Muscle car is a description according to '' Merriam-Webster Dictionary'' that came to use in 1966 for "a group of American-made two-door sports coupes with powerful engines designed for high-performance driving." The '' Britannica Dictionary'' ...

hot rods Hot rods are typically American cars that might be old, classic, or modern and that have been rebuilt or modified with large engines optimised for speed and acceleration. One definition is: "a car that's been stripped down, souped up and made ...

and

customs Customs is an authority or agency in a country responsible for collecting tariffs and for controlling the flow of goods, including animals, transports, personal effects, and hazardous items, into and out of a country. Traditionally, customs ...

. The company was founded in 2001 by Drew and Josephine Alcazar. The company held its first events in

Scottsdale, Arizona , settlement_type = City , named_for = Winfield Scott , image_skyline = , image_seal = Seal of Scottsdale (Arizona).svg , image_blank_emblem = City of Scottsdale Script Logo.svg , nick ...

and in

Monterey, California Monterey (; es, Monterrey; Ohlone: ) is a city located in Monterey County on the southern edge of Monterey Bay on the U.S. state of California's Central Coast. Founded on June 3, 1770, it functioned as the capital of Alta California under bo ...

. The company has since added auctions in

Amelia Island, Florida Amelia Island is a part of the Sea Islands chain that stretches along the East Coast of the United States from South Carolina to Florida; it is the southernmost of the Sea Islands, and the northernmost of the barrier islands on Florida's Atlantic ...

. 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 ESPN (originally an initialism for Entertainment and Sports Programming Network) is an American international basic cable sports channel owned by ESPN Inc., owned jointly by The Walt Disney Company (80%) and Hearst Communications (20%). The ...

aired following the storm documenting the company's recovery.

References

External links

* {{official website, http://www.russoandsteele.com 2001 establishments in Arizona American auction houses American companies established in 2001 Companies based in Phoenix, Arizona Retail companies established in 2001