The Leake Auction will never be confused by automotive enthusiasts with RM Auctions and Gooding, nor even with less storied names like Mecum and Russo & Steele. They do, however, put on an entertaining, well run event and even occasionally put cars across the block of interest to the British sports car fan. During their spring event on April 25-26, 2014 in Dallas, Texas was no exception with a trio of MGs offered for sale.
The first, a 1969 MGB roadster was something of a bargain with a sale price of $3,700. It was an older restoration to be sure – reportedly completed in 1985 – and whatever it had once been it had now degraded to nothing better than driver quality.
Still, with what was advertised as an engine overhaul (details were sketchy at best and it was likely no more than a mild freshening) it was a very good buy. The hard top alone added some very real value and the fact that everything was relatively complete – except for missing overriders on the bumpers – made this a purchase that would be hard to regret.
The hammer price would typically bring you something in the rubber bumper variety for an MGB so this chrome ended roadster in a livable older red paint job was still well worth the bucks paid here. Very. Well. Bought.
The 1962 MGA 1600 MKII roadster was also an older restoration, but in much better condition than the MGB. While there were issues with the paint it was still an attractive car. The windshield was delaminating at the edges – not an unusual condition for the flat screen of the A – and the condition of the trim was presentable rather than exceptional. The interior and top were of more recent vintage and were in very good overall condition.
The car was sold for $26,400, a price almost equal to the amount received when I sold my 1959 MGA 1500 almost four years ago (mine was in slightly better condition) so it would appear that the market has not grown much, if at all. Given that this car appeared to be a perfectly fine driver it seemed like a good deal for both the seller and buyer and it should provide many miles of enjoyable motoring down the road.
The final product from Abingdon to hit the block was a 1953 MGTD that was restored more than two decades ago and then hardly driven since with only 530 miles on the clock since. It would have benefitted greatly from a color scheme other than the cream and crackers livery that it wore, especially since the colors were off from original and though the mechanicals were completely rebuilt when the restoration was completed, the passage of time dictates that it at least be given a thorough refreshening before being put back on the road.
The TD market has not fallen off a cliff in recent years – although the TC market has come close – but it has definitely been depressed (especially when compared to the rising tide of the TF 1500). With an older restoration and a livery that requires one to really like these colors, it should have been sold at the high bid of $19,500. Instead, the seller will have to cart this one home for an attempted sale at a later date.
All images courtesy of Leake Auctions.