Leake Tulsa 2015 – Auction Report

Leake Auction, River Spirit Expo, Tulsa, Oklahoma, June 5-7, 2015

Since 1972, when the collector car market was in its infancy, Tulsa has been the core auction for the Leake family, one of the longest-running, continuously managed collector car auctions in the U.S. 2015 was the Leake Tulsa auction’s 44th year, and was one of the best ever.

This year’s sale featured about 140 cars, most offered on Sunday without reserve, from the collection of Chicago’s Larry Klairmont. Characterized in the Kollection’s materials as “An eclectic vehicle collection” it was every bit of that, proving that Larry Klairmont probably never met a car he didn’t like.

Another high visibility offering was the “Lost Cord”, a 1937 812 Supercharged Phaeton that Cord stalwart Glenn Pray had bought in 1953, restored, then sold to James C. Leake to finance Pray’s acquisition of the Auburn Cord Duesenberg Corporation. After passing through the hands of one or two subsequent owners it was lodged in a barn and sat, undiscovered and unknown, for 45 years until a chance call to Glenn Pray’s son, Doug, last year turned it up. Being sold in Tulsa by Doug Pray through the Leake family brought the “Lost Cord’s” history full circle.

The numbers follow, and they are excellent, with a record-setting sale rate (having 140 or so No Reserve cars helps) and a near-record total sale.

Leake Tulsa
Cars Offered / Sold
Sale %
Average Sale
Median Sale
Total Sales
June 2015
674 / 508
75.4%
$22,616
$16,060 [71.0%]
$11,488,785
June 2014
583 / 402
69.0%
$24,563
$18,700 [76.1%]
$9,874,425
June 2013
686 / 466
67.9%
$25,142
$16,750 [66.7%]
$11,716,386
June 2012
706 / 398
56.4%
$20,619
$16,470 [79.9%]
$8,206,164

The Leake/Sevenoaks family’s hospitality, sincerity and the Leake Auction Company’s operational efficiency is legend, and Tulsa is where it started and is still best experienced.

Leake Tulsa 2015 – Auction Report

1948 Tatra T87 4-Dr. Sedan
Lot # 0453 1948 Tatra T87 4-Dr. Sedan; Engine # 222667; Silver-Grey/Dark Red Velour; Unrestored original, 4 condition; Hammered Sold at $75,000 plus commission of 10.00%; Final Price $82,500. With Reserve. Rear-mounted sohc 2,969cc/85hp V-8, 4-speed, banjo spoke steering wheel, fender mirrors, black steel 5-bolt wheels, blackwall tires, sliding sunroof. – Painted poorly with orange peel clearcoat over flawed old paint and visible poorly applied filler. Somewhat grungy old interior. Dirty chassis, underbody and engine. Interior window sill trim held on with hardware store pan head tapping screws. Pretty much all there but all of it needs major attention. – Sold for $104,500 at Bonhams auction at the Simeone Museum last Fall. This Tatra is a cool thing, but it is far beyond anything but being displayed behind a barrier 6 feet away to keep people from seeing how bad it is. Even if it were done right (at great cost) it will still be only an odd Czech automobile with advanced design and seriously flawed driving dynamics. Even at $20 Large under what it sold for in October it is still expensive.
1960 Porsche 356B 1600 Super Roadster, Body by Drauz
Lot # 0470 1960 Porsche 356B 1600 Super Roadster, Body by Drauz; S/N 87364; Engine # P85540; Light Grey/Black vinyl; Black cloth top; Older restoration, 3 condition; Not sold at Hammer bid of $126,000. With Reserve. Hubcaps, radial blackwall tires, bumper overriders, matte black luggage rack, Weber carbs (Solexes included.) – Sound clearcoat repaint and interior. Vinyl wrap on the steering wheel rim, scratched and scraped top frame. Underbody is well used and dirty. Orderly but lightly used and oil misted engine compartment with newer Weber carbs with K&N air filters. Loose rear bumper rub strip. A sound but aged and used older restoration with newer paint. – Its numbers are consistent for a late ’59 1600 Super Roadster, but it isn’t pristine and will take some work to get it that way. This is a realistic offer for this car.
1970 Dodge Challenger R/T Hemi 2-Dr. Hardtop
Lot # 0472 1970 Dodge Challenger R/T Hemi 2-Dr. Hardtop; S/N JS23R0B155925; Red/Black vinyl; Recent restoration, 2- condition; Hammered Sold at $150,000 plus commission of 10.00%; Final Price $165,000. With Reserve. 426/425hp Hemi, dual quads, automatic, dog dish hubcaps on body color wheels, Polyglas GT tires, pushbutton radio, console, Rallye instruments. – Broadcast sheet documented and restored nearly like new. Excellent paint, chrome and interior. Very good paint, interior and major chrome. Engine compartment is aged, used and neglected, underbody shows age and use. Windshield and side window trim is scratched. Door window pockets are full of exterior overspray. Restored on TV in 2007 and looks like it. – A TV car, where restoration quality is suborned to feigned drama. This is a haphazardly done car that was offered at the Oklahoma City auction in February with a high bid of $165,000 and did well to bring this much here. It is neat to be able to say, ‘My car was restored on a TV show’ until the hood is opened and the disorganized mess revealed.
1967 Chevrolet Corvette 427/435 Roadster
Lot # 0476 1967 Chevrolet Corvette 427/435 Roadster; S/N 194677S100365; Engine # T0823JE 7100365; Marina Blue, Black stinger/Bright Blue vinyl; White vinyl top; Older restoration, 2- condition; Hammered Sold at $80,000 plus commission of 10.00%; Final Price $88,000. With Reserve. 427/435hp, 4-speed, 3.36 Positraction, Rally wheels with hubcaps and trim rings, bias ply red line tires, AM-FM, tinted glass, documented with tank sticker copy and NCRS judging sheets. – Restamped replacement correctly date coded block. 2002 NCRS Top Flight, restored in 1999. Very good older clearcoat paint, good chrome and interior. Top is sound but discoloring. Very clean underbody and good interior. Engine compartment looks like it hasn’t been touched or driven since 2002. No longer a showpiece but still better than many Corvettes. – Bid to the same hammer amount last October in Branson and as good a car as the price it brought. It’s not a purist’s Vette, but it is a very good one.
1988 Santarsiero Atlantis Roadster
Lot # 0487 1988 Santarsiero Atlantis Roadster; S/N CA457689; Blue/Purple, Light Blue/Red leather; Customized restoration, 3 condition; Hammered Sold at $80,000 plus commission of 10.00%; Final Price $88,000. With Reserve. Ford V-8, automatic, hardtop, Sony stereo, AutoMeter gauges, P/W. – Chipped, scratched old Dupont Chromacolor paint, good interior and most brightwork. Several fit issues with doors, windshield posts and hood. An extravagant Figoni-esque custom concept that won’t fit in most garages but will be a dramatic statement on the street. – This is one fantastic custom that outshines in concept and realization many full customs. Batmobiles pale in comparison and it is impossible to argue with the bidders’ determination of its visual impact and the value they put on it.
1970 Pontiac LeMans Sport 2-Dr. Hardtop
Lot # 1159 1970 Pontiac LeMans Sport 2-Dr. Hardtop; S/N 235370Z125211; Engine # 248696 YA; Red, Beige vinyl roof/Fawn vinyl; Older restoration, 3+ condition; Hammered Sold at $16,500 plus commission of 10.00%; Final Price $18,150. With Reserve. 400/?, automatic, 4-barrel on an Edelbrock intake, P/S, P/B, buckets and console, aftermarket tach and console-mounted gauges, Grant woodrim steering wheel, SS wheels with trim rings, Radial T/A tires. – Good repaint, otherwise a clean and well maintained car. YA block doesn’t decode to a 400 of any known 1970 type. Engine compartment vastly overdone with wet look treatment. A sound and unusual Pontiac with plenty of miles on an old restoration and freshened with new paint. – There are so many ’70 Pontiac engine codes, confusion is almost inevitable. In reputable references, however, YA is consistently a 455 of either 370 or 360hp, making this probably a re-stamp by someone confused by too many conflicting choices. The wet look engine compartment is tacky beyond belief, but the car is essentially a GTO without the badges, a crafty sleeper that sold in OK City sixteen months ago for $20,075 and is a very good value here.