Tom Falbo’s 1967 L89 Corvette Hammers Twice, Sells for $167,000

Tom Falbo's 1967 L89 Corvette Hammers Twice, Sells for $167,000


Some people thought it was risky for the Tom Falbo Collection to be offered at no reserve during the Leake Auction Company event over the weekend in Oklahoma City at the Oklahoma State Fairgrounds.

But in the end, the Corvette-dominated collection wound up selling for a total of about $4.5 million (hammer prices), which was substantially more than Leake President Richard Sevenoaks said he had expected. Falbo himself, who watched via the Internet, was also pleased with the results.

The collection included an L89 1967 Corvette, one of just 16 such Sting Rays produced, that actually sold twice.

The L89 was the first Falbo car offered on Saturday and apparently sold for $180,000. After 21 more Falbo Corvettes had crossed the block, the L89 came back, though.

Sevenoaks said during the first time the L89 was offered, virtually simultaneous bids came from someone in the building and someone on the Web. The winning bidder, who was in the room, denied he had placed the high bid, but Sevenoaks said several people agreed with the auction staff that the man had actually done so. Nevertheless, the car had to make its way back to the block and wound up selling for $167,000 on the second go-round.

The L89 was actually the second Falbo Corvette forced to make an encore appearance on Saturday. Earlier, a green 1967 427 coupe had to repeat after it was discovered that the original buyer, offering $160,000, had not registered to bid. The second trip to the block saw a winning bid of $157,500.

The Falbo Collection included 40 Corvettes and 60 other vehicles, all being offered at no reserve. Nevertheless, two other 1967 coupes sold for more than $100,000 – one at $117,500 and the other at $110,000.

Falbo’s low-mileage 2005 Ford GT brought a whopping $276,000.


Source:
classiccars.com

Related:
A Rare 1967 Corvette L89 is Discovered in the Tom Falbo Collection
Leake to Auction Tom Falbo’s Collection of Corvettes in February
Deal of the Year? The “Ed Cole” 1967 Corvette Coupe L89 sells for $205,000

 

Corvettes on eBay: Barn Find 1963 Corvette with John Greenwood Built 427 V8

Corvettes on eBay: Barn Find 1963 Corvette with John Greenwood Built 427 V8


Here’s a 1963 Corvette convertible that bears the handprint of the legendary John Greenwood.

Greenwood converted the original fuel-injected 327 to a big-block 427 in 1968, and the car is now up for auction at no reserve on eBay. The current bid is $23,700 with just over three days to go.

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Kickstart My Heart! Vince Neil’s 1961 Corvette Headed to McCormick’s Palm Springs Auction

Kickstart My Heart! Vince Neil's 1961 Corvette Headed to McCormick's Palm Springs Auction


America has a celebrity-driven culture, so some enthusiast will like the idea of owning a 1961 Corvette previously owned by Motley Crue singer Vince Neil.

Vince Neil’s 1961 Corvette will be one of the selections available at McCormick’s Palm Springs collector car auction, marking its 30th anniversary Feb. 26-28 with a move to the Palm Springs convention center. That’ll be convenient for McCormick, whose showroom offices are just a quarter mile away.

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Corvettes on eBay: Barn Find 1965 Corvette Convertible

Corvettes on eBay: Barn Find 1965 Corvette Convertible


If you’d like to be driving a classic midyear Corvette by this summer, this might be your chance.

At least according to the current owner, who says this 1965 Corvette convertible will be “a very easy fix” for the winning bidder on eBay.

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Hemmings Finds a 1982 Corvette Caballista For Sale

Hemmings Finds a 1982 Corvette Caballista For Sale


We’re not sure what to think about this 1980s Corvette spinoff.

Our first reaction is that a Corvette was attacked by a Buick Riviera and a Cadillac Eldorado, and this is their love child.

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Rick Hendrick Buys the VIN 001 Collection of 1955-1957 Corvettes at Barrett Jackson

Rick Hendrick Buys the VIN 001 Collection of 1955-1957 Corvettes at Barrett Jackson


You might say Rick Hendrick loves being No. 1.

At least when it comes to owning collector cars.

Hendrick, of course, is well known for buying the first production models of new generations of Corvettes and Camaros, but last week he took a turn toward the No. 1s of the past, buying a trio of VIN 001 Collection of Corvettes from 1955, 1956, and 1957 for a cool $1.65 million during the Barrett-Jackson Auction in Scottsdale, Ariz.

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Top Ten Corvette Sales at Mecum’s Kissimmee 2016 Auction

Top Ten Corvette Sales at Mecum's Kissimmee 2016 Auction


We’ve attending Mecum’s annual Kissimmee auction for over 15 years now, from its humble beginnings as part of the NCRS Winter Regional in Old Town to now being a 10-day, 3000+ car extravaganza held on the grounds of Osceola Heritage Park, and we have to say the 2016 auction was one of the best we’ve ever seen.

Mecum once again assembled a great collection of Corvettes for the auction. With 244 Corvettes on the ground, there was something for everyone. First time buyers to seasoned collectors, Mecum’s Kissimmee auction had it covered.

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January 2016 Corvette Sales

January 2016 Corvette Sales


The first month of Corvette sales for 2016 has been reported and the news isn’t that great. For January 2016, GM delivered 1,501 Corvettes which was a -29.4% decline from the same time period in January 2015 which saw 2,127 Corvettes sold.

It’s the second time in the modern C7 era that Corvette sales have dropped under 2,000 per month and it’s the lowest recorded sales month for the C7, sinking past November 2015’s 1,952 Corvette sales.

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National Corvette Seller Mike Furman Honored at GM Dealers Meeting

National Corvette Seller Mike Furman Honored at GM Dealer Meeting


We were very happy to hear that National Corvette seller Mike Furman of Criswell Chevrolet in Gaithersburg, Maryland was recently honored at a General Motors’ dealers meeting earlier this month.

Mike was officially recognized as Chevrolet’s No.1 Sales Rep in the East Coast Region for the 400 Corvettes as well as another 200 vehicles that he delivered to customers in 2015.

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Corvettes on Craigslist: A Pair of 1963 Corvettes

Corvettes on Craigslist: A Pair of 1963 Corvettes


As a young boy, I used to dream of finding a 1963 Corvette tucked away in a field, hidden by weeds until I found it and then lovingly brought it back to life. Well, here’s my chance.

But ouch, that price tag of $30,000 for these two 1963 convertibles in less than desirable condition seems more than a little steep to us.

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