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Martin's father purchased a service station, where he worked pumping gas. He moved to Phoenix and became the owner of his own gas station which he named M&M. He then purchased several towing trucks and his business continued to grow. He became involved in other automobile related businesses and started a car auction company.
Russo and Steele is an American collector and classic car auction company that is headquartered in Phoenix, Arizona. [1] [2] The company specializes in the sale of European sports cars, American muscle cars, hot rods and customs. [3] [4] The company was founded in 2001 by Drew and Josephine Alcazar.
The auction was originally meant as a one-time event, [9] but was more successful than expected, garnering 3,000 attendees. It became an annual event, [6] and eventually prompted the creation of other collector car auctions in the Scottsdale area. [10] Jackson's wife Nellie was a car enthusiast and also took part in the business. [11]
This is a list of the most expensive cars sold in public auto auctions through the traditional bidding process.. On May 5, 2022, in a secret auction at the brand's museum in Germany, Mercedes-Benz sold one of just two 1955 300 SLR Uhlenhaut coupes from its extensive collection of historical automobiles—which dates back to the earliest days of the car in the late 19th century.
After the success of this auction, the Kruses were asked by Tom Barrett to have a sale in Scottsdale, Arizona, the next January. This was the first annual sales that continues today. The Kruses were the first to sell a car for a documented $1 million in cash — a 1934 Duesenberg Model SJ La Grande long wheelbase dual-cowl phaeton.
Futurliner Bus No. 11 sold for a record US$4,000,000 (plus premium) to Arizona-based real estate developer Ron Pratte on January 21, 2006 at a Barrett-Jackson auction in Arizona and was driven to its new home in Chandler. [23] Mr. Pratte sold the same bus on January 17, 2015 at Barrett-Jackson Auto Auction in Scottsdale, Arizona to
By 1966, Manheim Auto Auction established itself as the world's volume leader, selling off 45 vehicles per hour or 700 cars/trucks on a given Friday night at the 16-laned auction. Adding closed-circuit television, the dealers and wholesalers watched the auction from the new cafeteria in its expanded building.
Mecum subsequently traded his remaining trucks to a North Carolina man in exchange for 40 collector cars; these, in addition to his own collection of 15 cars, prompted him to hold an auto auction. [3] The company's first auction was held in Rockford, Illinois in 1988. It was intended as a one-time event, but was derailed by 90-mile-per-hour ...
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