Car collectors and admirers rejoice! The Russo and Steele Collector Automobile Auctions is coming back for its 16th annual automotive extravaganza in Scottsdale at the end of January.

From Wednesday, Jan. 27 to Sunday, Jan. 31 the locally-owned and operated Russo and Steele hosts the “World’s Most Exciting Collector Automobile Auction.”

The Scottsdale auction will showcase over 750 of the most exclusive, most select and most diverse grouping of automobiles available anywhere in the world and continue its tradition of redefining collector-car auctions.

Bring your checkbooks, because high quality collector cars ranging from $50,000 to the millions will be showcased for sale at this year’s auction.

The five day event takes place between Scottsdale and Hayden Roads, south of the North Loop 101 Freeway.

Russo and Steele’s exclusive “auctions in the round” format places buyers, sellers and enthusiastic spectators up close and personal with vehicles on offer.

“This creates a dramatic, emotionally charged and high energy environment that is as much entertainment as it is an auction.” said Drew Alcazar, Russo and Steele CEO.

There will be European sports cars, American muscle cars, hot rods and exotics car, Alcazar said. Any car lover would enjoy the sights of the cars as they get to hang out with fellow enthusiasts, he said.