Howard Hughes’s Lincoln sells for $1 million at Tulsa auction

A 1936 Lincoln Boat Tail Speedster–customized to the personal tastes of Howard Hughes–sold for $1 million at the Leake Car Show & Auction on June 13 in Tulsa, Okla.

The head-turning blue and polished aluminum classic was the headliner at a sale that raked in $12.2 million and attracted more than 10,000 people to the three-day event.

The Boat Tail is a truly unique car. It began life as a conventional ’36 Lincoln Model K V12 limo, before being customized for the famous billionaire aviator and industrialist. A restoration was completed this year. The $1-million sale is the highest single tally in the event’s history in Tusla.

A slew of other interesting cars sold at the auction, including a 1936 Lincoln Model K Brunn Cabriolet for $187,500, a 1931 Cadillac V-16 Convertible Sedan for $185,000 and a 1932 Packard 903 Super 8 Coupe Roadster for $160,000.

Despite the down economy, organizers said they were satisfied with the results of the car show and auction. The 37th-annual event drew more than $22 million in bids, and more than 60 percent of the consigned cars sold.

“This shows that the collector-car market is still strong,” Richard Sevenoaks, president of Leake Auction Company, said in a statement. “Nationally, many car auctions have seen a decrease in sales. Industrywide, our Tulsa auction was one of the strongest in the nation for 2009.”

via: autoweek.com