Leake Auction Company, Tulsa, Oklahoma, June 8-10, 2012
Report and photos by Rick Carey, Auction Editor
The Leake Auction Company continued its 40th Anniversary year with its annual Tulsa auction at the Expo Center, a 10-acre clear span structure sponsored by Quick Trip, those “QT” signed fuel and replenishment centers located along Interstates.
Leake had made prodigious, and successful, efforts to assemble a large, diverse consignment ranging from rare brass and classics to mid-century Muscle and late model high performance cars.
Two rings operated on Friday, Leake’s traditional no seller’s commission day. The sell-through was healthy at nearly 60%.
The best cars were arrayed for Saturday’s two-ring sale. It started out auspiciously, selling well in the early consignments. Then slowed during the middle of the day, as the strongest cars crossed the block, before picking up toward the end of the day.
It wasn’t the cars’ fault. They were good, solid cars, well-described and presented. It wasn’t the block teams’ fault; both the Red and Blue rings had identical experiences. Daniel Kruse swapped auctioneers from ring-to-ring with no discernible effect. The crowd was ample and there were plenty of on-site and phone bidders registered.
Sunday saw a much better result as a single owner collection of no-reserve cars crossed the block and cars with reserves achieved a generally better sell through.
It should be said in all fairness to the Leake family that this isn’t a unique phenomenon. Sometimes bidders’ attention is elsewhere and even the best and most reasonably priced cars can’t find a reasonable bid. In the end, however, collectors missed a number of opportunities to acquire very good cars, often at advantageous prices.
Astute collectors should take note and put the next Leake auction – Dallas, Texas November 16-18, 2013 – on their calendars.