On February 20th, 2016, Oklahoma City will be the host of an extraordinary auction of more than 100 classic cars featuring 40 Corvettes. A month ago, Leake Auction Co. acquired the collection from renowned Corvette aficionado and classic car collector, Tom Falbo of West Virginia.
Leake Auction hired Roy Sinor, a retired national judging chairman for the National Corvette Restorers Society (NCRS), to examine the 40 classic Corvettes found in the collection.
Little did Sinor know that he was about to make an extraordinary discovery. Sinor determined that one of the 40 Corvettes in the collection was a 1967 Marlboro Maroon Convertible with a white stinger hood and interior. A rare L89 model!
The stunning Corvette boasts a 427 cid, 435-horsepower big-block V8. And, as if that was not enough, it only has 110 miles on the odometer!
The rare Corvette is one of only sixteen L89s in existence. It features power steering and brakes, original GM-issued trim tag dated June 1967, a St. Louis-built convertible body number, and engine assembly code T0512IU, designating the L89 engine built on May 12th, 1967.
According to the news release, Sinor was so surprised by the discovery that he called in two other experts to examine the car.
Richard Sevenoaks, President of Leake Auction Co., stated, “As one of the rarest Corvettes ever produced, this was an incredible discovery.” This is a Corvette you do not see every day on the auction block, Sevenoaks added, and it will be auctioned without reserve giving everyone the opportunity to own a valuable piece of Corvette history.
The Hagerty Valuation Tools website values the rare L89 at $356,000 in excellent condition, and $421,000 in original condition, with prices increasing based on options like power steering and side-mounted exhaust.
But, in case that L89 is out of your reach, there is still plenty to choose. The collection of Corvettes to be auctioned features models from 1957 to 1975. There is no doubt February 20th will be an exciting day in Oklahoma City.