Auction Report

Hemis, Factory Five's and Prewar Sedans Fuel Dallas

‘Best Lineup to Date’ According to Leake President

Posted: December 02, 2016 5:00 pm
by Alan Cesar

It’s hard to exaggerate the variety of cars for sale at the Leake Auction Company gavel-masher in Dallas, held Nov. 18-20. Richard Sevenoaks, president of Leake, said this auction had one of their best lineups to date, with something for buyers of every taste. That’s not bluster and hot air: It had a legitimate ‘60s homologation special, classic race car replicas, stately cruisers, retro and modern exotics, and even shag carpeting.

Bidders chased one of the beastliest factory Mustangs across the auction block on Leake’s last auction of the year. This 1969 pony car was one of the fewer than 1,400 Boss 429s that Ford commissioned Kar Kraft to build for NASCAR homologation. Kar Kraft was the same outfit that assembled LeMans-winning Ford GT40s.

The highlight of these high-power machines was the exclusive 429-cubic inch engine with Hemi-chamber aluminum heads. They were built to chase Dodge’s dominating Hemi-powered Chargers. This one, in crisp Wimbledon White, was well bought when the gavel fell at US $193,500—the biggest sale price of the weekend.

Compared to the Mustang’s high-test shot of whiskey, this pagoda-roof 1966 230SL Mercedes Benz is a cool beachside drink. Not known for being especially rare or fast, the mid-’60s Mercedes 230SLs are desired for their smooth, understated stateliness. Celebrities who want a casual driving experience have an affinity for the classic drop-top cruisers. This black-over-brown beauty benefits from a recent restoration, and its strong sale price reflected that. It contributed US $76,500 to the weekend’s sales total -- the same selling price as a much flashier and faster 2004 Ferrari 360 Modena Spider that crossed the stage that weekend.

Speaking of stately: There’s a reason the name Cadillac has such cachet, and now might be the best time to buy something from the company’s prewar heyday. This 1940 Cadillac Series 60 Special featured V-8 power, a three-on-the-tree manual transmission and more style than you can shake a stick at. If something like this fits your style, you’d best make a move.

“Anyone interested in prewar, four-door sedans, this is a good time to buy them,” says Jennifer Tetley, Leake’s communications director. “We saw many of these cars selling in [the] $20,000 range.” The Caddy fetched US $17,000.

On the other side of the style coin was a real-life representative of the vanning subculture: This 1976 Dodge Tradesman 200 was the only sale to feature a cavern of vintage orange and black shag carpeting. It’s a time capsule, complete with side pipes, spoiler, teardrop window and an “ahoogah” horn.

The exterior looks sharp in orange and black and rolling on moon disc wheels; the rest of it is a matter of taste—but if you’re worried about what others think or that the updated stereo looks out of place, you’re likely not the vannin’ type anyhow. This clean good-times van sold for US $14,500, undoubtedly to a real enthusiast.

Leake’s Dallas docket featured a large number of Factory Five homage cars. Factory Five is known for making authentic, highly capable replicas of the historic Shelby Cobra and Daytona Coupe.

“The market is hot right now with the Cobra homage cars,” says Tetley. “The price points do vary. Factory Fives with big engines bring in the ‘70s.” This professionally built 2014 Daytona Coupe was another top sale for Leake this weekend, reaching a final price of US $62,000.

Overall, 66 percent of the 585 lots on consignment found buyers willing to meet reserve in Dallas for a total of US $7,200,000. Hopefully Leake will see such results at its next auction, held in Oklahoma City in February 2017.

Photos courtesy of Leake Auction Company.

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