Leake completes successful auction in OKC

Two-day auction achieved $6.8 million in sales, with 77 percent of the vehicles sold

TULSA, OK (March 5, 2018) – Leake Auction Company, a Ritchie Bros. solution, recently completed its latest Oklahoma City auction, achieving $6.8 million in sales with 77 percent of the vehicles sold. The auction was held at the Bennett Event Center on February 23 and 24. Close to 400 lots crossed the block during the two-day auction, with the top seller being a 2008 Mercedes-Benz SLR McLaren, selling for $308,000. The vehicle was part of the Rolland Collection from California and was sold without reserve.

The auction began Friday, February 23 at 10 a.m. with 174 lots crossing the auction block. That evening, bidders and consignors enjoyed a customer appreciation event hosted by Wells Fargo Financial. The next morning bidders gathered as excitement grew for the Rolland and Oliver Collections being offered without reserve. Richard Rawlings and the crew from Fast N’ Loud were also onsite selling three vehicles from Richard’s personal collection—his 1970 Chevrolet Fire Truck sold for $22,000 and 1973 Dodge Polara sold for $14,850—with proceeds benefitting the Gas Monkey Foundation.

Bidding was available in person, via phone or online in real-time via IronPlanet.com. In total, the auction attracted bidders from more than 14 countries. Approximately 13,000 people watched the auction online via IronPlanet’s streaming platform.

“This was an outstanding sale,” said Richard Sevenoaks, General Manager of Leake Auction Company. “There were a few weather issues in Oklahoma City before the auction began, but they didn’t hinder us from achieving strong results. We were especially pleased with the response to the Rolland and other collections offered without reserve. No doubt, when cars are sold unreserved there is an added level of excitement.”

Top sellers included: (click each link for more details):

Bidders had a second chance to purchase vehicles that were not sold on the block. Leake has a very active post-sale desk that continues to accept bids and negotiate deals with consignors. A total of 27 vehicles were sold at the post-sale desk, contributing $1.2 million to the total sales for the weekend. Anyone interested in viewing vehicles not sold during the auction may click IronPlanet.com. Offers can be made on the vehicles listed.

Leake will hold their next auction in Dallas Market Hall, Thursday, April 12 thru Saturday, April 14. For more information about the auction, becoming a registered bidder or consigning a vehicle, visit LeakeCar.com or call +1.918.254.7077. Admission to the auction is $20 for adults, $15 for seniors and military with ID and $7 for children under 12. Online bidding will be available via IronPlanet.com.

High-resolution photos of the cars mention above may be downloaded by clicking here. The complete list of results may be viewed at LeakeCar.com.

About Leake Auction Company:

Leake Auction Company was established in 1972 by James C. Leake, Sr. as one of the first car auctions in the country. Forty-five years later, three generations of the Leake family continue to carry out the principles Mr. Leake founded the company on: quality, respect and loyalty to the business. Currently Leake conducts four auctions a year in Tulsa, Oklahoma City and two in Dallas. In January 2018, Leake was acquired by Ritchie Bros., a global asset management and disposition company.

 About Ritchie Bros.:

Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a multitude of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company’s selling channels include: Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing its exclusive IronClad Assurance® equipment condition certification; Marketplacee, an online marketplace offering multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. The company also offers sector-specific solutions including GovPlanet, TruckPlanet, Kruse Energy Auctioneers, and Cat® auctions, plus equipment financing and leasing through Ritchie Bros. Financial Services. For more information about the unprecedented choice provided by Ritchie Bros., visit RitchieBros.com.

 For more information, please contact:

Jennifer Tetley
Communications Director, Leake Auction Company


Ian Malinski
Corporate Communications Lead, Ritchie Bros.


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