Leake Auction Company Secures Auction of the Falbo Corvette Collection, Powered Online by Proxibid

OMAHA, Neb.–(BUSINESS WIRE)–Proxibid, (www.proxibid.com),
the world’s most trusted way to connect buyers and sellers of highly
valued items, will provide online bidding for Leake Auction Company’s
three-day auction event featuring a collection of 40 Corvettes from
renowned aficionado and car collector Tom Falbo of Smithers, WV. For
decades, Falbo accumulated some of the rarest and most desirable
Corvettes ever created, which will be offered without reserve. The
three-day event begins on Friday, February 19th, but bidding
is already available via Proxibid.

After meticulous inspection and research, Leake Auction Company has
confirmed that an incredibly rare 1967 L89 Corvette Convertible is among
the vehicles for auction in Falbo’s Collection. The vehicle features a
427 V8, 435 HP aluminum head L89 engine, and is believed to be just one
of sixteen L89s made. The discovery was made by Roy Sinor, the most
recently retired NCRS National Judging Chairman. Sinor served in the
position for seventeen years and was honored with their Lifetime
Achievement Award in 2012. Leake Auction Company contracted Roy to
inspect all of the Corvettes from the Tom Falbo Collection.

“As one of the rarest Corvettes ever produced, this was an incredible
discovery,” stated Richard Sevenoaks, president of Leake Auction
Company. “We have been scrutinizing all of the Corvettes from the Falbo
Collection for over a month now, verifying the authenticity of each one.
Obviously we were thrilled to discover this L89 coded engine.”

In addition to the 40 Corvettes, 75 other vehicles will also be offered
without reserve. Featured vehicles up for bid include:

“This collection will set the bar for Corvettes as forty will cross the
block without reserve, which is why it is essential to bring this
auction to the world via online bidding,” said Sevenoaks. “With the high
value of the featured vehicles, Proxibid is uniquely equipped to provide
a trusted place for our buyers to transact.”

Proxibid offers the industry’s most sophisticated fraud prevention
system, which is designed specifically to protect high dollar purchases
like the one-of-a-kind vehicles available in this auction. Only Proxibid
ensures 99.9+ percent uptime, making it the most reliable online bidding
platform available.

For more information and to place a bid, visit the online catalog.

About Proxibid
Proxibid provides auction companies and asset
owners with access to the most trusted online Marketplace for buying and
selling highly valued items. More than $3 billion in inventory passes
through Proxibid’s Marketplace annually via live and timed auctions, as
well as Buy Now and Make Offer capabilities, across 15 categories that
include heavy equipment; industrial machinery; real estate; fine art,
antiques and collectibles, and more.

Founded in 2001, Proxibid is headquartered in Omaha, NE with offices in
South Sioux City, NE and London. For more information about Proxibid,
please visit www.proxibid.com.

About Leake Auction Company
Leake Auction Company was
established in 1972 as one of the first car auctions in the country.
Forty-three years later the auction company has sold over 35,000 cars
and currently holds auctions in Tulsa, Oklahoma City and Dallas.
Recently they have been featured on several episodes of two reality TV
series – Fast N’ Loud on Discovery and The Car Chasers on CNBC Prime.

Contacts

Proxibid
Carly Docter, 402-991-4763
carly.docter@proxibid.com