Leake’s Dallas auction hits $9 million mark

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From Pebble Beach to Leake auction, the 1929 Packard
Potential bidders check out a classic Cadillac at Leake's Dallas auction | Larry Edsall photos
Potential bidders check out a classic Cadillac at Leake’s Dallas auction | Larry Edsall photos

The Thanksgiving holiday and a weekend flood back in Tulsa delayed until Monday the news that the Leake Auction Company’s recent Dallas sale did $9 million in business and achieved a 67 percent sell-through rate.

A highlight of the auction was the offering of 120 cars at no reserve on Sunday.

“We had a great auction. Bidding was vigorous throughout the weekend and we saw many bidding wars on Sunday as 120 No Reserve vehicles crossed the block.” Richard Sevenoaks, Leake president, said in a news release.

“We sold out of numbers for this auction in October,” he added, “therefore, we have extended our Oklahoma City auction in February to three days.”

From Pebble Beach to Leake auction, the 1929 Packard
From Pebble Beach to Leake auction, the 1929 Packard

The Dallas auction weekend opened with a night-before gathering for bidders and consignors as the Gas Monkey Garage featuring music and a BBQ dinner. On Friday, four vehicles and seven motorcycles from the garage were offered up for bidding in Dallas Market Hall.

One of those cars, garage-owner Richard Rawlings’ Rollston-bodied 1929 Packard 645 Deluxe Eight roadster, which was on the fairway in August at Pebble Beach, sold for $410,000, the highest price paid all weekend (price includes buyer’s premium).

Top 9 sales, Leake Dallas auction:

  1. 1929 Packard 645 Deluxe Eight roadster, $410,000
  2. 1959 Mercedes-Benz 190SL roadster, $129,250
  3. 1957 Chevrolet Custom Bel Air, $102,300
  4. 2007 Lamborghini Gallardo, $96,800
  5. 1965 Porsche 356C , $90,750
  6. 2012 Audi R8, $89,100
  7. 1971 Porsche 911 E Coupe D Series, $80,850
  8. 1968 Porsche 911 Targa, $75,900
  9. 1953 Jaguar XK120, $74,800
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(Prices include buyer’s premium.)

Leake, established in 1972, opens its 2016 season February 19-21 at the fairgrounds in Oklahoma City.

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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.