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Lot 2510

Leake Auction Soars to $12.5 Million at OKC Sale

Leake Auction Company shattered previous OKC auction records over the weekend, hitting $12.5 million in sales with 82 percent of the vehicles sold. Held in the Cox Pavilion on the OKC Fairgrounds, February 19-21, crowds had the opportunity to see 551 vehicles cross the two-lane auction block. At the conclusion of the three-day sale, a 2005 Ford GT was the top seller at $303,600 with the buyer’s premium included.

Energy was high throughout the weekend in anticipation of the Tom Falbo Collection crossing the auction block. With 40 Corvettes and 60 additional vehicles from the collection offered without reserve, bidding wars ensued. With much of the spotlight on the Falbo Collection, the auction garnered a lot of international attention. Bidders came from Australia, Canada, France, Germany, India, Italy, New Zealand, Norway, Panama, Sweden and the United Kingdom.

Other top sellers with the buyer’s premium included were:

  • 1967 Chevrolet Corvette L89 at $183,700
  • 1967 Chevrolet Corvette at $173,250
  • 1967 Chevrolet Corvette at $129,250
  • 1969 Plymouth Road Runner at $126,500
  • 1967 Chevrolet Corvette at $121,000
  • 1967 Chevrolet Corvette at $110,000
  • 1954 Chevrolet Corvette at $99,000
  • 1967 Chevrolet Corvette at $99,000
  • 1967 Chevrolet Corvette at $97,900
  • 1989 Rolls-Royce Corniche II at $94,600

“We knocked it out of the park with the Falbo Collection,” stated Richard Sevenoaks, president of Leake Auction Company. “By bringing in large car collections like this, we are taking our auctions to a new level. In doing so, we are attracting a larger buyer base not only in the United States but also internationally.”

Attendees were among the first to learn of Leake’s new auction, slated for September 9-10 at MotorCity Casino Hotel in Detroit. “Adding another auction to our line-up has been in the works for quite some time,” Sevenoaks added. “When the call came in from MotorCity Casino Hotel, we had a good feeling that this was the one. We are looking forward to bringing a new car auction to Detroit.”

The OKC auction results are available online at www.LeakeCar.com. The next Leake Collector Car Show & Auction will be in Dallas Market Hall, April 15, 16 and 17. For more information about the OKC sale or to consign to a future Leake Auction, visit their website at www.LeakeCar.com or call 918.254.7077.

Established in 1972, Leake Auction Company was one of the first car auctions in the country. Forty-three years later the auction company has sold over 35,000 cars and currently holds auctions in Tulsa, Oklahoma City and Dallas. Recently they have been featured on several episodes of two reality TV series – Fast N’ Loud on Discovery and The Car Chasers on CNBC Prime.

For media purposes only, hi-resolution photos are available upon request.
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