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Classic cars damaged by Russo & Steele auction tent collapse

Discussion in 'General Automotive Discussion' started by REMIX, Jan 25, 2010.

  1. REMIX

    REMIX Two Time F1 World Champ
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    #1 REMIX, Jan 25, 2010
    Last edited: Jan 25, 2010
    Extensive and expensive.

    RMX

    http://www.allclassicsllc.com/home/2010-russo-and-steele-damages

    http://www.azfamily.com/weather/Tents-collapse-at-luxury-car-auction-due-to-severe-storm-82320467.html

    SCOTTSDALE – Governor Jan Brewer declared a state of emergency Thursday night following declarations by many other counties around Arizona including Maricopa County.

    In Sedona police and fire crews are trying to evacuate homes in low-lying areas. In Scottsdale strong winds have blown over two tents at the Russo-Steele Auto Auction.

    The auction had to be evacuated and there is major damage to the tents. There were no injuries reported.

    Most people at the auction at the time were inside the main tent, which is still intact but two other tents were destroyed along with a lot of expensive cars.

    When the wind ripped into the tents at around 6 p.m. between 5,000 and 10,000 people were attending the Russo and Steele Auction.

    Ron, one person in attendance, explains, “You could see the whole tent lift and shred." John Dinger, another person who was present says, “We heard screaming…whole tent was gone."

    Drew Alcazar runs the auction. He tells 3TV, “It happened quickly…lost first tent which went up and over the cars toward the freeway."

    Firefighters spent about an hour searching the entire auction site for anyone who may have been trapped.

    What is left of the massive tents at the annual auction in north Scottsdale continued to flap violently in the wind leaving the auction cars exposed to the harsh elements.

    A lot of the collectors' cars have spent years in garages and have barely seen any kind of weather, let alone a fierce storm.

    For safety reasons, police are keeping all car owners out at least through the night.

    Hazmat crews responded to check it out after generators and gas heaters blew over. Everything was turned off and secured.

    http://www.yenko.net/ubbthreads/showflat.php/Cat/0/Number/440405/an/0/page/0#Post440405
     
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  3. lotustt

    lotustt Formula 3

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    Wow, a lot of damage. And a lot more severe damage than I originally read. Lots of insurance claims for sure. Wonder how the sales went on sunday for Russo.
     
  4. absent

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    Heartbreaking.....
     
  5. GatorFL

    GatorFL Moderator
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    I wonder who winds up paying for this--car owner's insurance or the general carrier for the auction.
     
  6. Meister

    Meister F1 Veteran
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    Some of those cars could probably be totaled. The dilema is does the owner want that on the cars history...does a buyer ever want to buy a car with salvage history?

    Tough spot to be in.
     
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  8. 2NA

    2NA F1 World Champ
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    0% chance that anyone will accept responsibility. If you didn't have coverage on your car, tough bounce. You're on your own.

    Car owner's insurance carrier may try to "subrogate" the claim to someone else to recover their loss if negligence is proven later. The whole "act of God" thing might be a defense.
     
  9. 2NA

    2NA F1 World Champ
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    It looks like a bunch of them will need extensive restoration to be made "right" again.

    It's hard to say how it will affect the provenance. Being damaged (and subsequently repaired) by the "Great 2010 Scottsdale Windstorm" might be an interesting footnote to some. ;)
     
  10. normv

    normv Formula 3
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    Wow, how does a smaller insurance company such as Haggerty cover this, the damage Im sure will be in the millions. This is going to be heartbreaking to so many.
     
  11. furnacerepair

    furnacerepair Formula Junior

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    That is so sad. I always worry something like that happening. Drive them, you ding then. Park them, and this can happen. Nothing is safe forever.
     
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  13. GuyIncognito

    GuyIncognito Seven Time F1 World Champ
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    good question, my guess is that Hagerty buys a reinsurance policy for this type of event (where large number of their insured cars are gathered in a small place) in case something like this happens.

    certainly agree with 2NA that there are lawyers and actuaries pouring over those contracts and their "act of God" and "force majeure" clauses.
     
  14. countlamb

    countlamb Formula Junior

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    #11 countlamb, Jan 25, 2010
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    Any numbers on how many exotics were damaged? I no there was alot of muscle cars damaged.
     
  15. 2NA

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    #12 2NA, Jan 25, 2010
    Last edited: Jan 25, 2010
  16. countlamb

    countlamb Formula Junior

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  17. agup48

    agup48 Two Time F1 World Champ

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    #14 agup48, Jan 25, 2010
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  18. agup48

    agup48 Two Time F1 World Champ

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  19. El Wayne

    El Wayne F1 World Champ
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    #16 El Wayne, Jan 25, 2010
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  20. SSNISTR

    SSNISTR F1 Veteran

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    Wow, that sucks.
     
  21. 1969 Mangusta

    1969 Mangusta Formula Junior

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    #18 1969 Mangusta, Jan 26, 2010
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    Truly disastrous, I feel both for the cars and their respective owners...terrible. Not to make light of the situation but, there is no way that Russo and Steele can do right by all the owners or the cars. Unfortunately, their reputation will be tarnished in my opinion and Craig Jackson will be reaping the benefits in the years to come. I would be seriously depressed if that were me.
     
  22. B.Ratcliff

    B.Ratcliff Formula 3
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    #19 B.Ratcliff, Jan 26, 2010
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    A group of us were down the street at Barrett Jackson when the storm blew in. The tents were blowing around pretty good. They evacuated two of the large tents and moved us into the remaining big auction tent which is permanent and based in concrete. After we all moved into the auction tent it started to move around, people headed for the doors to go outside.

    We went to Russo after the damage. According to them 1/2 the cars were damaged. It looked like more than that to me. Most cars had a sand blasting effect in the paint from the sand, rocks and the colapsed tents rubbing on the cars. There was a 302 boss that had the paint on the rear spoiler actually rubbed clean off.

    There were some exotics damaged, the 1960 Ferrari 250 cab was untouched. The 1967 Ferrari 330 had a dent in the roof, broken windshield and a good sandblast. The Tucker (the auctions headline car) had deep scratches on the front fender. There were quite a few total losses.
     
  23. 1969 Mangusta

    1969 Mangusta Formula Junior

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    Very sad, a lot of history was lost that day.
     
  24. El Wayne

    El Wayne F1 World Champ
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    The car in your first photo is 1967 330 GTC s/n 10509.
     
  25. B.Ratcliff

    B.Ratcliff Formula 3
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    #23 B.Ratcliff, Feb 1, 2010
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    Correct. For some reason the 1960 Ferrari 250 cab pic didnt upload. Here is the pic. The car was un touched.
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