HomeThe MarketLeake draws overseas interest for its $6.3 million Dallas auction

Leake draws overseas interest for its $6.3 million Dallas auction


2006 Ford GT is the top sale at Leake's Dallas auction | Leake photo
2006 Ford GT is the top sale at Leake’s Dallas auction | Leake photo

Leake Auction Company’s new partnership with high-end online auction house Proxibid drew bidders from seven foreign countries to Leake’s second annual Dallas auction last weekend.

“This is only the second year for our spring auction and we exceeded our sales goals,” said Leake president Richard Sevenoaks. “Our new relationship with Proxibid proved to be very successful and we are looking forward to expanding our online bidding platform.”

With access to a broader base of bidders, the sale drew bids from Australia, Canada, Colombia, Germany, Spain, Sweden and the United Arab Emirates, Leake said. A 1990 Ferrari Testarossa was sold to a Spanish bidder for $64,000. Leake reported that 382 people, in the United States and overseas, registered for the auction through Proxibid.

The auction did $6.3 million in sales with 64 percent of the 417 vehicles offered being sold.

The high-dollar sale of the three-day auction was $231,000 paid (including buyer’s premium) for a 2006 Ford GT with less than 3,000 miles on its odometer. Although the car had a clean title and CarFax report, Leake said on its website, “The car is believed to have been in a collision and repaired.”

Top 10 sales, Leake Dallas 2015:

  1. 2006 Ford GT, $231,000
  2. 2014 BMW i8, $176,000
  3. 2009 Ferrari F430 F1, $150,700
  4. 2009 Ferrari F430 Spider, $135,300
  5. 1968 Chevrolet Camaro, $95,700
  6. 1956 GMC custom, $89,650
  7. 1939 Zephyr special custom (recreation), $88,000
  8. 1955 Chevrolet Bel Air, $78,100
  9. 1971 Mercedes-Benz 280 SL, $77,000
  10. 1969 Chevrolet Camaro, $73,700

(prices include buyer’s fees)

In addition to the online boost, “The results of this auction validate the strength of the collector-car market in Texas,” Sevenoaks added.

Leake’s next sale is June 5-7 at Tulsa, Oklahoma.

Larry Edsall
Larry Edsall
A former daily newspaper sports editor, Larry Edsall spent a dozen years as an editor at AutoWeek magazine before making the transition to writing for the web and becoming the author of more than 15 automotive books. In addition to being founding editor at ClassicCars.com, Larry has written for The New York Times and The Detroit News and was an adjunct honors professor at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University.

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