Leake Auction, Dallas Market Hall, Dallas, Texas, November 16-18, 2012
Report and photos by Rick Carey, Auction Editor
November 16-18, 2012 marked the fortieth anniversary of the Leake/Sevenoaks family’s Dallas auction at this spacious mostly-indoor location.
550 cars crossed the block, with two rings Friday and Saturday and one on Sunday. 321 of them, 58.4%, were sold bringing in a total of $6,498,674 including buyers’ commission. That’s an average transaction of $20,245. The highly affordable nature of the cars on offer was implicit not only in the transaction average but also in the median transaction value, just $15,950.
Ten cars brought bids of $100,000 or more, of which one (2006 Ferrari F430 F1 Spider) was sold for $143,000. 121 lots sold on hammer bids of $10,000 or less.
Leake’s Dallas sale is, like all the Leake auctions, a friendly, inclusive gathering conducted in traditional American style with the usual – or maybe a little more than the usual – gesticulating, shouting and cheering. The auction hotel, the recently renovated Renaissance, is just across the parking lot. Just two stoplights up the Stemmons Expressway at the Fuel Stop there’s a tiny 24-hour taco stand that makes some of the best little tacos in the world (three tacos with rice and beans for $5.99.)
Leake’s next auction is in Oklahoma City on February 22-23, 2013.