HomeThe MarketLaFerrari helps Leake post $10.3 million at Dallas auction

LaFerrari helps Leake post $10.3 million at Dallas auction


LaFerrari sells for a Leake Auction-record $3.7 million | Leake photos
LaFerrari sells for a Leake Auction-record $3.7 million | Leake photos

Highlighted by what is believed to be only the fifth public sale of a Ferrari LaFerrari, Leake Auction Company’s Dallas spring event posted $10.3 million in sales with a 66 percent sell-through rate last weekend in Dallas Market Hall.

The sale of a 2014 Ferrari LaFerrari for $3.7 million was the obviously highlight of an event that concluded with a party for bidders and consignors at the Gas Monkey Live bar and grill.

“The crowd was buzzing when the 2014 Ferrari LaFerrari pulled up on the turntable,” Richard Sevenoaks, Leake’s president, said in a news release. “It is a stunning vehicle that is extremely rare, generating more excitement than any car we have ever sold.

“This is only the fifth time one has been available in an auction and we are very pleased with its performance.”

The exotic Italian hybrid is one of only 500 produced and was sold with less than 600 miles on its odometer. The $3.7 million price, which includes the buyer’s fees, was the most ever paid at a Leake sale.

“Mr. Leake (Sevenoaks’ father-in-law) would be proud of the many accomplishments we have made since our inception in 1972,” Sevenoaks added. “We have come a long way since we started on a strip of grass in Muskogee, Oklahoma!”

The auction docket also included about 40 cars from the collection of David and Laura Williams, founders of the Fast Lane Classic Cars dealership.

1967 Chevrolet Corvette among vehicles offered at auction
1967 Chevrolet Corvette among vehicles offered at auction

“We were honored to offer a beautiful selection of cars from the David and Laura Williams Collection,” Sevenoaks added. “David is well-known throughout the industry for the caliber of cars he collects.”

Also selling, for $19,525, was a 1970 Chevrolet Camaro racing car consigned by Gas Monkey Garage owner Richard Rawlings. The car had been Brewster Baker’s ride in the 1980s movie Six Pack.


Top sales, Leake Dallas Spring 2017

  1. 2014 Ferrari LaFerrari, $3.7 million
  2. 2012 Mercedes-Benz SLS AMG, $173,800
  3. 1967 Chevrolet Corvette, $103,400
  4. 2006 Ferrari F430, $95,700
  5. 2013 Mercedes-Benz AMG SL65, $90,750
  6. 1968 Ford Mustang Shelby GT350, $90,750
  7. 1969 Mercedes-Benz 280SL, $83,600
  8. 1956 Mercedes-Benz 190SL, $82,500
  9. 1969 Chevrolet Camaro Z28, $79,200

(Prices include buyer’s fees.)

Leake’s next sale is scheduled for June 9-11 in 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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