HomeThe MarketLeake’s OKC auction continues with 'buy now' web option

Leake’s OKC auction continues with ‘buy now’ web option


Leake Auction Company recently staged its first collector car sale since being acquired by Richie Bros., posting a 77 percent sell-through rate for $6.8 million in sales late last month in the Bennett Event Center at Oklahoma City.

The results were led by a 2008 Mercedes-Benz SLR McLaren that sold for $308,000. The SLR was part of the Rolland Collection and thus was offered without reserve.

Five other vehicles, including two Packards and two Ferraris, also sold for six figures at the auction.

Leake’s OKC auction uses 'buy now' web option | ClassicCars.com Journal
1969 Dodge Daytona sells for $247,500

“This was an outstanding sale,” Richard Sevenoaks, Leake’s general manager, was quoted in a news release. “There were a few weather issues in Oklahoma City before the auction began, but they didn’t hinder us from achieving strong results.

“We were especially pleased with the response to the Rolland and other collections offered without reserve. No doubt, when cars are sold unreserved there is an added level of excitement.”

Those who could not attend in person could bid by telephone or via IronPlanet.com, another Richie Bros. property. Leake reported that it took bids from people from 14 countries and that approximately 13,000 people viewed the auction via IronPlanet’s internet streaming service.

Leake’s OKC auction uses 'buy now' web option | ClassicCars.com Journal
1932 Packard Series 902 brings $170,500

The company also noted that vehicles that were not hammered sold on the auction block continued to be offered in post-block sales, where 27 sold for a total of $1.2 million. The company also said several other vehicles are still available (through March 16), either for bidding or a “buy now” option on the IronPlanet website.

Top 10 sales, Leake Auction Co. Oklahoma City 2018

2008 Mercedes-Benz SLR McLaren, $308,000
1969 Dodge Daytona, $247,500
1932 Packard Series 902 Standard 8, $170,500
1931 Packard Series 840, $132,000
1990 Ferrari Testarossa, $121,000
2006 Ferrari F430 Spider, $118,250
2012 Chevrolet Corvette ZR1, $85,250
1930 LaSalle convertible coupe, $78,100
2008 Bentley Continental GT, $70,400
2008 Shelby Ford Mustang Super Snake, $69,300

(Prices include buyer’s fee.)

Leake’s next auction is scheduled for April 12-14 at Market Hall in Dallas.

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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