The results for last month's Leake Collector Car Show & Auction have been released, and the figures prove the collectible car market shows no signs of slowing down.
The three-day auction in Dallas took an impressive $7.5m, with record numbers in attendance. Car enthusiasts lined up early and filled every seat to see a unique collection of cars, including Cadillacs, Corvettes, Camaros, Street Rods, Mustangs and other vintage, collector, muscle, high-performance and specialty vehicles. A total of 338 lots were sold during the three-day auction, with a 67 percent sales rate.
The top selling car of the event was a hand-built limited production 2006 Saleen S7 supercar, which sold for $266,750 (all prices include buyer's premium).
Other top selling cars were: a 2006 Ferrari F430 Spider convertible at $156,200, a 2005 Lamborghini Murcielago selling for $151,250, a 2008 Spyker C8 Spyder selling for $145,750 and a classic 1970 Plymouth Superbird at $139,700.
"Our Dallas auction exceeded our expectations," stated Richard Sevenoaks, president of Leake Auction Company.
"With a 67 percent sales rate, we had a stellar auction. We had record attendance, and I truly believe it's because we provide a product like no one else in the area. Coming to the Leake Collector Car Auction is an experience, from top-notch collector cars to the two-lane auction block."
As Leake now prepare for their next auction in Oklahoma next February, collectors and investors can begin to look forward to another spectacular year of sales. And if the figures of 2010 are anything to go by, 2011 could be the best year yet for classic cars.
Join our readers in 200 countries around the world - sign up for your free weekly Collectibles Newsletter today