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Michael Satterfield.jpg)
Many cars suffered severe damage like this
when the big tent poles fell. The tent was
evacuated earlier as the storm approached.
Photo Credit: Fred Koenig
The Russo and Steele auction operates with two 800-foot long tents. The north tent blew down and onto the 101 Loop highway, backing up traffic, and the other partially blew down and then onto the cars that were under the north tent. Photo: Russo and Steele
Mike Patak of Mike’s Classic Cars in Blair, Nebraska, brought a ’66 Shelby, and a ’68 Mustang GT with a 428 Cobra Jet engine sold through Tasca Ford in Rhode Island, along with two full-size Fords to sell. One of his big Fords, a rare ’62 406 car, sustained body damage, broken windows, and paint damage, while the Tasca Mustang got away with a missing rocker panel and hubcap.
“They’re telling us to turn it in to our insurance company,” Mike told us.
“Haggerty Insurance was there immediately with 35 adjusters,” said Fred Koenig, who had two cars for sale. Fred told us that Haggerty did not try to minimize the claims with its policyholders, and assured them that the cars would be fixed to their standards.
Early damage estimates were $1.5 million, or an average of $5000 for each of the 300 cars in the tent, but some experienced restorers expect the final cost to be much higher. Russo and Steele require cars for sale to be covered by insurance.
After clean-up on Saturday, the sale resumed Sunday and was extended through Monday.
Inside the giant tent, collector cars amassed for the sale. When the high winds
lifted the canopy, the poles, some three stories high, collapsed onto the cars.
Photo: Russo and Steele
