Auction Set For Defunct Racing Team
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe assets of a once-prominent INDYCAR team are set to be auctioned Wednesday in Indianapolis. Key Auctioneers will handle the sale of Panther Racing Inc. items, which include cars, team trailers and performance equipment. You can see the items up for auction by clicking here.
July 9, 2014
News Release
Indianapolis, Ind. — Indianapolis-based Key Auctioneers announced that it will be auctioning the complete assets of Panther Racing on Wednesday, July 23. The auction includes several Panther racecars and a wide selection of rolling stock, memorabilia, car parts, performance racing equipment, and shop tools.
Panther Racing was founded in 1997 by a group that included former Indianapolis Colts quarterback Jim Harbaugh. The team had many notable successes over the years including two consecutive IRL championships in 2001 and 2002, and four consecutive runner-up finishes in the Indy 500. But the team has struggled in recent years. Earlier this year the team filed a lawsuit against the IRL and others alleging that bidding improprieties led to Panther losing the $17.2 million Army National Guard sponsorship to Rahal Letterman Lanigan Racing.
The auction will include two 2011 IndyCar racing cars, Sam Hornish's 2003 Chicago and Fontana race-winning, record-setting car, and fiberglass show cars along with the team motorhome, trailers, computers and a wide range of other equipment. The complete selection can be found on the Key Auctioneers website.
The auction will take place Wednesday, July 23 beginning at 10 a.m. at Panther's facility at 5740 Decatur Blvd, Indianapolis. Online bidding will also be available. An inspection of the items will take place on July 22 beginning at 10 a.m.
For more information about the auction, contact Key Auctioneers president Ted Pike at tpike@keyauctioneers.com or 317-353-1100. Photos and an auction inventory can be found online at http://www.keyauctioneers.com/auction-detail/?id=233503.
About Key Auctioneers
Key Auctioneers is a regional auction company headquartered in Indianapolis. Key's comprehensive asset disposition services include auctions, appraisals, asset recovery, property management and receiverships. Key provides services throughout the Midwest, including Indiana, Illinois, Ohio, Kentucky, Missouri and Michigan.
Source: Key Auctions LLC