Leake Auction Company completed their fall auction in Dallas Market Hall, November 17-19. After three days of bidding, sales totaled $6.6 million with a 70 percent sell through. For the first time in many years, Leake presented a one lane auction block. A total of 491 lots were featured. A 2005 Ford GT was the top seller of the weekend, bringing in $280,500 with buyer’s premium. This is the third auction where a Ford GT was offered without reserve and was the top seller.
On Thursday evening, bidders and consignors were invited to cocktail party in the VIP room of Gas Monkey Bar & Grill. The auction kicked off Friday morning at 10am with 174 lots crossing the auction block. The PM Standley Collection of 17 vehicles was sold without reserve that evening. On Saturday morning the seats were full and bidding began once again as 197 lots were presented. Bidding was lively as two collections were offered without reserve – 12 vehicles from Toys for Big Boys and 12 Cadillacs. The auction continued Sunday morning as bidders enjoyed brunch.
IronPlanet was on-site providing the online bidding platform. Through Leake’s partnership with IronPlanet, the auction’s inventory is exposed to 1.5 million registered users worldwide. Bidders from Bahamas, Canada, Costa Rica, Dominican Republic, Guatemala, Indonesia, Jordan, Mexico, Pakistan, United Arab Emirates, the United Kingdom and Uruguay 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 33 vehicles were sold at the Post Sale Desk, contributing to the total sales for the weekend.
Top sellers include (BP is included):
“We had a great auction in Dallas,” said Richard Sevenoaks, president of Leake Auction Company. “The one lane auction proved to be successful, and we received a lot of positive feedback from sellers and buyers. 2017 has been a record year for us. During our Dallas Spring auction, we sold a 2014 Ferrari LaFerrari for $3.7 million, making it the most expensive car we have ever sold. We will conclude the year in Newbury Park, California. In collaboration with Heritage Auctions, we will present the Rolland Collection, a 24-vehicle auction that will be offered without reserve. You can view the full line-up on our website.”
For more information about the Dallas sale or to consign to the upcoming Oklahoma City sale, February 23-24, visit their website at www.LeakeCar.com or call 918.254.7077. Leake will present the Rolland Collection in conjunction with Heritage Auction on December 9 in Newbury Park, California. Click here for more information on this auction.
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, email@example.com or 918.254.7077.