Leake tops $8.4 million at annual Tulsa auction

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1957 Cadillac Eldorado Biarritz just misses six-figure sale | Leake Auction photos
1957 Cadillac Eldorado Biarritz just misses six-figure sale | Leake Auction photos
1957 Cadillac Eldorado Biarritz just misses six-figure sale | Leake Auction photos

Leake Auction Company’s annual hometown sale in Tulsa, Oklahoma, generated $8.4 million in sales last weekend with 470 of 651 lots hammered sold, a 72 percent sell-through rate.

The top sale of the three-day auction was a 2006 Ford GT that sold for $291,500 (prices include buyer’s fees). One other car, a 1959 Porsche 356A, also broke into six figures, selling for $181,500.

A 1957 Cadillac Eldorato Biarritz just missed at $99,000.

Several other cars were bid into six figures but the bids didn’t reach the owners’ reserve prices.

“Each year our Tulsa auction continues to exceed our expectations,” Richard Sevenoaks, president of Leake Auction Company, said in a news release.

“The River Spirit Expo provides 446,000 square feet of space for us to display some of the most beautiful and sought-after collector cars. We have a new online bidding platform provided by IronPlanet. There were 172 people actively bidding online from across the United States, Canada and Mexico.

“The collector car market continues to remain strong.”

Ford GT tops Leake's hometown auction
Ford GT tops Leake’s hometown auction

In addition to the auction, Leake presented the James C. Leake Award, named for the company’s founder, to collector John Ridings Lee of Dallas for his dedication and contribution to the collector car hobby.

Leake also hosted a bidders’ gala at the Hard Rock hotel and casino.

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Top 10 sales, Leake at Tulsa, 2016

  1. 2006 Ford GT, $291,500
  2. 1959 Porsche 356A, $181,500
  3. 1957 Cadillac Eldorado Biarritz, $99,000
  4. 1961 Mercedes-Benz 190 SL, $88,000
    2006 Aston Martin DB9 Volante, $78,100
  5. 1953 Cadillac convertible, $78,100
  6. 2016 Dodge Hellcat, $78,100
  7. 2008 Ford Shelby GT 500 Super Snake, $75,900
  8. 1963 Chevrolet Corvette coupe, $73,700
  9. 2008 Ford Shelby GT500 Super Snake convertible, $72,600

(Prices include buyer’s premium.)

 

Leake’s next sale is September 9-10 at the MotorCity casino hotel in Detroit.

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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.