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Leake Celebrates 45 Years in Tulsa With $8.2 Million in Sales

Leake Auction Company celebrated 45 years of outstanding service to the collector car auction business in Tulsa’s River Spirit Expo, June 9-11. When the final hammer dropped on Sunday, total sales were $8.2 million with a 74 percent sell through. The three-day auction featured 599 lots on two turntables. The top seller of the weekend was a beautiful, 2006 Ford GT at $305,250 with buyer’s premium.

Doors opened at 9am Friday morning, allowing bidders and guests an opportunity to view the vehicles before the auction began at noon. When the auction concluded Friday evening, bidders and consignors enjoyed a cocktail party in the Hard Rock Casino. The crowd gathered early Saturday as 249 vehicles crossed the auction blocks. The James C. Leake award was presented to Howard Alger of Chanute, Kansas for his dedication and contribution to the collector car community. Guests enjoyed brunch Sunday morning before the auction began at 11am. Sunday featured 24 vehicles from the HG Ground Collection that were offered without reserve.

IronPlanet provided the online bidding platform, exposing the auction’s inventory to 1.5 million registered users worldwide. Bidders from Australia, Canada, Costa Rica, Dubai, London, Honduras, Marshall Islands, Mexico, and New Zealand were actively bidding online.

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 24 vehicles were sold off the block, contributing to the total sales for the weekend.

Top sellers include (BP is included):

2006 Ford GT at $305,250
2006 Mercedes-Benz SLR McLaren at $250,250
1960 Cadillac Eldorardo Biarritz at $129,250
2007 Lamborghini Gallardo Spyder at $95,700
1956 Mercedes-Benz 190SL at $93,500
1967 Shelby Mustang GT350 at $91,300
1967 Chevrolet Bel Air at $85,250
1970 Shelby GT500 Super Cobra Jet 428 at $84,700
1957 Chevrolet Custom at $83,600
1959 Chevrolet Corvette Fuelie at $80,300

“Tulsa is our flagship sale and it is always nice to be in our hometown,” said Richard Sevenoaks, president of Leake Auction Company. “Celebrating 45 years in this business is a true honor. Mr. Leake created an avenue for the car collector to take cars from just a means of transport to a true hobby and business. Looking at the wide variety of vehicles on display this weekend, you can see the shift from the heavy iron prewar cars to the sports, muscle, and customs of the 70s and 80s. The late model high performance and exotics are carving out their own niche in the market as well. This is an indication of a generational shift in the age of new car collectors.”

For more information about the Tulsa sale or to consign to the upcoming Dallas Fall auction, November 17, 18 and 19, visit their website at www.LeakeCar.com or call 918.254.7077.

Results from the Tulsa auction can be viewed here. Photos of the cars mentioned above may be downloaded by clicking here.

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.

Media Contact: Jennifer Tetley, jennifer@leakecar.com or 918.254.7077.

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