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Russo and Steele auction remains closed

The Russo and Steele Collector Automobile Auction remained closed on Saturday as work crews continued to asses damage and clean up from high winds that destroyed two tents at the auction site in Scottsdale, Ariz., on Thursday night. In a message posted on the Russo and Steele Web site, CEO Drew Alcazar said he would meet with consignors of the cars at the auction on Saturday morning. He added that the auction would remain closed on Saturday but that Russo and Steele would work to hold auction sessions on Sunday and Monday.

Jag GT3 racer hints at 500bhp XKR

By Phil McNamara First Official Pictures 06 November 2006 09:48 Jaguar XKR GT3: the lowdown This is the Jaguar XKR GT3, a 550bhp, race-fettled XK which will campaign in the 2007 FIA GT3 series. But the big news is that its uprated V8 engine is bound for a roadgoing XKR, to propel Jaguar up the power league and into the realm of Merc's 510bhp SL55 AMG and BMW's 500bhp M6. Apex Motorsport will design, develop and campaign the XKR GT3, shown here in an official artist's impression.

Hagerty predicts future classics

Classic-car insurer Hagerty released its latest Hagerty Hot List last week, highlighting today's cars that are expected to be future classics. This comes on the heels of Arizona auction week, where record-breaking sales take place yearly. “After more than 20 years of witnessing car-collecting trends, we have the unique ability to look at new cars through the eyes of a collector,” said McKeel Hagerty, CEO of Hagerty Insurance.