MRO Magazine

IronPlanet to Promote Tom Falbo’s Corvette Collection With Leake

December 17, 2015
By Business Wire News


IronPlanet, the leading online marketplace for used heavy equipment and trucks, and Leake Auction Company, one of the first car auctions in the country, announced an agreement to jointly market 40 Corvettes from renowned Corvette aficionado and classic car collector Tom Falbo of Smithers, WV. The collection will be sold without reserve during Leake’s Oklahoma City auction, February 19, 20 and 21 in the Cox Pavilion on the Fairgrounds. The collection features Corvettes from 1957-1975, with twenty from 1967.

For decades Tom Falbo amassed a large collection of vehicles. After accumulating some of the rarest and most desirable Corvettes ever produced, Tom decided to fine tune his collection. Many of the Corvettes are documented, numbers matching originals with low mileage. In addition to the 40 Corvettes, 75 other vehicles will also be offered without reserve.

“This collection was a huge find for us. We had to extend our Oklahoma City auction to three days to accommodate it,” stated Richard Sevenoaks, president of Leake Auction Company. “We believe this auction will set the market for Corvettes with forty crossing the block without reserve.”

Highlights from the collection include:

  • 1967 Corvette Convertible – black with red stinger, red leather interior, 427 CID/435 HP/4-Spd
  • 1967 Corvette Coupe – white with red stinger, red vinyl interior, 427 CID/435 HP/4-Spd
  • 1967 Corvette Coupe – red with black stinger, red leather interior, 427 CID/400 HP/4-Spd
  • 1967 Corvette Coupe – black with red stinger, red vinyl interior, 427 CID/400 HP/4-Spd
  • 2005 Ford GT – red with a white stripe, black leather interior, 5.4L, 550 HP,V8,6-Spd
  • 1970 Pontiac GTO The Judge Convertible – gold metallic, tan interior, 400 CID, 360 HP 4-Spd
  • 1956 Cadillac Eldorado Biarritz Convertible – light green, light green leather interior, 365 CID, 325 HP, V8, auto transmission

“We are excited to partner with Leake to promote this impressive collection of automobiles,” said Gregory J. Owens, IronPlanet Chairman and CEO. “As the leading online marketplace for buying and selling used equipment and trucks, IronPlanet is thrilled to bring this classic car collection to our customers and to provide Leake global exposure to our 1.4 million registered users.”

For more information about the Falbo collection or other vehicles consigned to the auction, visit or call 918.254.7077. VIN numbers for vehicles consigned to the auction are available on Leake’s website. Admission to the auction is $20 for adults, $15 for seniors and military with ID and $7 for children under 12.

About IronPlanet

IronPlanet is the leading online marketplace for used heavy equipment and an innovative participant in the multi-billion dollar heavy equipment auction market. Since 2000, IronPlanet has sold over $4 billion of used equipment online and has built a database of more than 1.4 million registered users worldwide. IronPlanet connects buyers and sellers of used equipment with its exclusive IronClad Assurance® buyer protection program and family of sites including IronPlanet®, GovPlanet®, TruckPlanet®, Cat Auction Services, Kruse Energy and Equipment AuctioneersSM, allEquip® and Asset Appraisal ServicesSM. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield & Byers, Caterpillar, and Volvo. For more information, visit

About Leake

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.

For media purposes only, hi-resolution photos and VINs are available upon request.

Natron Communications
Michael Ingalls, 917-494-4909
Leake Auction Company
Jennifer Tetley, 918-254-7077