Multi-Million Dollar Car Show/Auction "Parks" For 2nd Time At Newport Dunes June 18-21

Russo and Steele To Auction Off 400+ Classic Cars; CHOC To Benefit. End Quote

Los Angeles-Long Beach, CA (1888PressRelease) March 19, 2014 - Approximately 400 spectacular European sports cars, hot rods, American muscle vehicles and custom autos will roar into Newport Beach June 18-20 for the 2nd annual Russo & Steele show taking place at Newport Dunes Waterfront Resort. Represented will be some of the most sought-after cars in the world. Last year's show, for instance, witnessed the sale of a 2008 Bugati Veyron for $1,078,000. Hailed by Classic Motorsports magazine as "the best group of cars we've ever seen," the Russo & Steele show is open to the general public for $20 and bidder credentials are available at registration.

Russo and Steele's dynamic collection of cars last year made a splash not only among car enthusiasts but also with the general public. Its theatrical "auction in the round" proved to be a visceral experience unlike other car shows/auctions. This year's event will be similarly staged. Embracing a "for enthusiasts by enthusiasts" philosophy, Russo and Steele staff are knowledgeable car fans themselves - not simply auctioneers -- so collectors appreciate having a shared passion in an environment of camaraderie.

According to Andrew Alcazar, who with his wife, Josephine, own and operate Russo and Steele, last year's event in Newport Beach proved successful for both buyers and sellers of collectible cars.

"While those in the market to purchase have access to an extraordinary selection and variety of high-quality vehicles, sellers will take comfort knowing that Russo and Steele is able to get them the best price possible thanks to our worldwide marketing efforts and highly experienced and knowledgeable sales staff," said Alcazar, who said that Russo and Steele run auctions year-round in Monterey, Calif, Scottsdale and Las Vegas.

Like last year, Russo and Steele is holding a charity preview benefiting Children's Hospital of Orange County (CHOC) on Wednesday, June 18 at 6 p.m. Tickets to the cocktail party, dinner and live auction are $150 each.

The public may purchase tickets at $20 each to view the cars Wednesday, June 18 - Saturday, June 21 with gates opening at 10 a.m. Tickets for those participating in the auction -- Thursday - Saturday at noon -- are encouraged to register in advance at www.russoandsteele.com as space is limited.

Among the rarities sold last year (an indicator of the quality expected at this year's auction):

· 2008 Bugati Veyron -- Sold for $1,078,000
· 1957 Mercedes Benz 190SL -- Sold for $341,000
· 1968 Aston Martin DB6 -- Sold for $456,500
· 2004 Porsche Carrera GT -- Sold for $297,000

For more information, visit www.russoandsteele.com or call (602) 252-2697.

Newport Dunes Waterfront Resort is located at 1131 Back Bay Drive, in Newport Beach. For more information, call (949) 729-DUNE or visit www.newportdunes.com.

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