Texas Auction; Classic Car Collectors

FORT WORTH-DALLAS (April 11, 2000) - At one time, "old" cars may have been considered junk. But, the passion of some car enthusiasts changed that attitude and made car collecting a hobby and now a business. Many of those collectors will be at...

FORT WORTH-DALLAS (April 11, 2000) - At one time, "old" cars may have been considered junk. But, the passion of some car enthusiasts changed that attitude and made car collecting a hobby and now a business. Many of those collectors will be at Texas Motor Speedway on April 28-30 for the Leake Car Auction as part of the annual Star-Telegram Autofest (April 27-30) at the speedway.

"We will have about 350 cars at the Texas auction," Leake Auction Company president Richard Sevenoaks said. "The unique aspect of our sale is there is something for everyone. Autos are bought and sold by, not only collectors, but also by individuals who simply like a particular car."

Some of the featured cars at this year's auction are a Bluebird Wonder Lodge motor home, 1958 Bellaire Impala convertible, 1917 Speedster, and a 1986 Zimmer Silver Streak that sold for $50,000 when it was new. The Silver Streak on display here may be the lowest mileage example of such a car with only 2,500 actual miles.

The Leake auction is not exclusive by any means. While there will be some top of the market sales made over the weekend, the majority of the final bid prices on autos keep everyone in attendance involved.

"Our lowest price automobile will probably sell for about $1500 with the upper end being in the hundreds of thousands of dollars," Sevenoaks said. "But, the average car at the auction in Texas will sell for 12 to 15 thousand dollars."

The Leake Auction at Texas Motor Speedway is one of three such car collector auctions the company performs each year. The other sales are in Tulsa in June and in Dallas in the fall. For information on the Leake Auction or to register a car, call 800-722-9942 or visit the Leake website at www.leakecarauction.com.

Public Relations Dept. Texas Motor Speedway (817) 215-8520 (817) 215-8424 fax

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Series General , Vintage