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DETROIT16481

Leake Completes Inaugural Detroit Auction

Leake Auction Company wrapped up their inaugural collector car auction in the MotorCity Casino Hotel. Held inside the state-of-the-art entertainment venue the Sound Board September 9 and 10, the auction featured 258 lots. The top seller was a 1972 BMW 3.0 CSL, selling for $115,500. Other top sellers included a 1936 Cadillac Series 80 for $97,900, a 1965 Chevrolet Dobbertin for $93,500, a 2007 ASV 1932 Ford Street Rod at $79,200, and a 1956 Oldsmobile 98 Starfire at $77,000. Total sales were $1.5 million with a 41 percent sell through rate.

The auction kicked off on Friday with a collection of memorabilia, ranging from neon signs and pedal cars to gas pumps and framed automotive art. As vehicles crossed the auction block, attendees had the opportunity to see automotive history in one location. At the conclusion of the auction on Friday, bidders and consignors were treated to a cocktail reception.

Saturday’s auction included charity and feature vehicles. The three charity vehicles that sold were a 1931 Ford Model A-400, at $36,300, with the proceeds will benefitting the Classic Car Club of America Museum at the Gilmore. The 1941 Cadillac Series 62 sold for $66,000 and a 1989 Cadillac Seville sold for $2,200. Proceeds from both sales will benefit the Cadillac & LaSalle Club Museum at the Gilmore.

“We are impressed with Detroit, the hospitality we received, and the fantastic venue,” said Richard Sevenoaks, president of Leake Auction Company. “Everyone with the MotorCity Casino Hotel worked to help us bring this auction to fruition. In addition to their staff, we met many people who worked hard on our behalf to make this a great inaugural event. We had new buyers and consignors who were excited to be a part of our auction.”

“Detroit is a beautiful place and has so much to offer. It is Motor City after all! August and September are busy months in this area with the Woodward and Hines Cruise events as well as the NSRA Street Rod Nationals. As we build this auction and invest in this area, we will compare our dates with other events,” Sevenoaks continued. “This was our first year in Detroit and we do believe that Detroit will be a prosperous market for us.”

The next Leake Collector Car Show & Auction will be November 18, 19 and 20 in Dallas Market Hall. For more information about the Detroit sale or to consign to a future Leake Auction, visit their website at www.LeakeCar.com or call 918.254.7077.

Photos of the cars mentioned above may be downloaded by clicking here.

Leake Auction Company was established in 1972 as one of the first car auctions in the country. Forty-four years later the auction company has sold over 35,000 cars and currently holds auctions in Tulsa, Oklahoma City, Dallas and Detroit. 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. Contact Jennifer Tetley at 918.254.7077 or jennifer@leakecar.com
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