Leake ends year with $7.2 million sale at Dallas

Leake ends year with $7.2 million sale at Dallas

Leake Auction Company concluded its 2016 calendar late last month in Dallas with a two-day Fall sale that generated $7.2 million with a 66 percent sell-through rate.

1969 Ford Mustang tops all sales at Leake's Fall Dallas event | Leake Auction photos

1969 Ford Mustang tops all sales at Leake’s Fall Dallas event | Leake Auction photos

Leake Auction Company concluded its 2016 calendar late last month in Dallas with a two-day Fall sale that generated $7.2 million with a 66 percent sell-through rate. More than 585 lots were offered.

“We had a great weekend in Dallas,” Richard Sevenoaks, Leake president, said in a news release. “This was one of the best lineups we have presented in Dallas. We a had a nice variety of sports and exotics, muscle and customs as well as high-line cars. There was something for every car enthusiast in this sale.”

'68 Shelby GT500 KR goes for $96,800

’68 Shelby GT500 KR goes for $96,800

Unfortunately for Leake, and for bidders, the consignors of several of the high-end cars wouldn’t budge from their reserves. Of 16 cars bid into six figures, only one was hammered sold, a 1969 Ford Mustang Boss 429 KK that went for $212,850 (prices include buyer’s premium).

On the other hand, bidders and sellers who arrived on the eve of the auction were treated to a party hosted by Richard Rawlings at his Gas Monkey Garage. Rawlings sold three cars from his collection at the auction Friday with the Fast N’ Loud film crew recording the action.

Sevenoaks continued, “2016 was a very good year for us, selling over 1,600 vehicles. Next year we kick off our 45th year of excellence in the auction business in Oklahoma City, February 24, 25 and 26. The OKC Fairgrounds has completed construction of the Bennett Building. We are thrilled to have a larger, brand new building to showcase all of the cars.”

In addition to the Boss 429 Mustang, cars in the top 10 of the final Dallas sales list included exotics and high-line, muscle and sports cars and a hot-rodded custom:

Highly customized 1949 Olds

Highly customized 1949 Olds

 

Top 10 sales, Leake Fall Dallas 2016

  1. 1969 Ford Mustang Boss 429 KK, $212,850
  2. 1968 Shelby GT500 KR Ford Mustang, $96,800
  3. 2004 Ferrari 360 Modena Spider F1, $84,150
  4. 1966 Mercedes-Benz 230SL, $84,150
  5. 2005 Maybach 62, $82,500
  6. 2012 Mercedes-Benz Sprinter, $78,100
  7. 1966 Chevrolet Corvette, $73,700
  8. 1971 Chevrolet Chevelle, $72,600
  9. 1949 Oldsmobile Custom two-door, $69,300
  10. 2914 ASVE Factory Five Type 65, $68,200

(Prices include buyer’s premium.)

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