Leake’s revived Dallas Spring auction posted $5.5 million in sales with 64 percent of the 434 lots going to new owners.
“As the collector car market continues to thrive, Dallas has become an emerging market for new collectors,” Richard Sevenoaks, president of Leake Auction Company, said in a news release.
“This is the first Dallas Spring sale we have done in quite some time, and the two-day sale was definitely a success. The interest in collector cars is at an all-time high.”
Leake aims at the grassroots level of the classic car market with many more cars selling for 4 figures than for 6.
Among those 6-figure sales were a Cadillac and a sort of faux-Cadillac.
The Cadillac was a bright red power-everything 1958 Series 62 convertible that led all sales at $165,000 (including the buyer’s premium).
The faux-Cadillac was a 1957 Chevrolet El Morocco four-door hardtop that went for $140,800. The El Morocco was a Chevrolet with revised rear body panels that made it look more like a big-finned Cadillac. The one sold at Leake was believed to be one of only 3 ’57 four-door hardtops remaining; 16 were produced.
The other 6-figure sale was $114,400 for a 1967 Chevrolet Corvette. A 1956 DeSoto Fireflight convertible was bid to $140,000, but that fell short of the reserve price.
Other high-dollar sales included a 1967 Ghia 450 SS for $96,250, a 2006 Bentley Flying Spur for $79,200 and a 2003 Ferrari 360 Modena for $78,100.
Leake’s next sale is June 6-8 in the River Spirit Expos Center at the Tulsa State Fair Grounds in Oklahoma.
