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Christina Lam went from the sidelines to full-on track enthusiast in 8 simple steps.
At one point in time, just a few years ago, Level 5 Motorsports ran one of the top teams in racing. Now we know how team boss Scott Tucker allegedly paid for it--by running a pay day loan scam with his brother.
Allegedly, of course, Scott Tucker used those ill-gotten gains to form a no-expenses-spared pro racing team. Then his past finally caught up with him. The assets of the once heavy-hitting race team were seized, and now they are being liquidated.
And this is where Auctions America comes in. They just announced when Level 5 Motorsports's assets will be sold to the highest bidder. The auction will take place May 11-13 at the historic Auburn Auction Park in Auburn, Indiana. The collection comprises 350 total lots, including 11 race cars along with numerous spares, assorted equipment and tooling. All lots will be offered without reserve.
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I was curious what was actually being auctioned so here is a link.
Aside from cars, tons of Ferrari and Porsche wheels. Some very nice tool boxes, pit carts and road boxes. Even pit bike scooters.
I need to stop looking at all the auction lots. Too many bad ideas that would get me scolded by SWMBO.
2011 Lola B1183 IMSA Racecar Estimate: $ 10,000 - $ 15,000
Even with no engine, it seems like an interesting thing to have around for not a ton of money if that estimate is accurate.
In reply to WilD:
And it raced at Le Mans.
In reply to WilD:
Gofundme and everyone that chips in a $100 gets a turn on the autox coarse at the challenge?
What engine bolts in? lol
the money initially thrown at that operation based on the leftovers is staggering.
Ed Higginbotham wrote: I need to stop looking at all the auction lots. Too many bad ideas that would get me scolded by SWMBO.
indeed - I spied a lot of sexy wheels. My next google searches involved custom Ferrari to Cruze adapters lol.
Then, I see a lot full of turbos, and several lots with various coilovers.
I need to walk away...
keep telling yourself the turbos are too big, and coilovers probably dont fit...just keep walking...just keep walking...
MAN there's some cool stuff in there.
Anyone want to start up a shock revalving operation?
Beyond the obvious eye candy, there are lots of tools and stuff that they're expecting to go cheap.
I wonder who will get their hands on Hurricane?
Road and Track says, "The scandal-laden Level 5 team spent untold millions on racing programs that stretched from the heights of pro racing at the 24 Hours of Le Mans to grassroots endeavors in the SCCA's club racing national championships. Level 5's largesse was legendary, but the sheer insanity of the team's spending habits were--like the team's funding sources--beyond shadowy."
If you've listened to the Level 5 special of the Dinner with Racers podcast you'll know that everything Level 5 did was no-expenses-spared and their cars exploited every gap in the rules. Whomever gets their hands on these cars is buying a fully developed, fully tested, racing platform for pennies on the dollar. Makes me wish I had the means to bid!
Honda Crate engine for 1-2 bills?
Warning:CHALLENGE FODDER AHEAD
4cylndrfury wrote: Honda Crate engine for 1-2 bills? Warning:CHALLENGE FODDER AHEAD
I got excited about that too, but I think it might be actually just the crate. There are some serious tires that might be useful though, if you could figure out what sizes they are.
What are theses? LSx?
In reply to RossD:
Let's plan ahead and get this going for the Meathead Racing auction that will be forthcoming.
The start of a way-too-awesome sim rig?
Ed Higginbotham wrote: The start of a way-too-awesome sim rig?
And i know disney will be liquidating quest pretty soon, so theres lots of Sim level hydraulics and things....
If you're planning on selling any motorsports crap, now is the time to do it. This is an inventory injection large enough to disrupt the market.
Hmm. So, if I run a payday loan scam I can fund a better race team? Oh, wait. That's probably not the right take home message, is it?
APEowner wrote: Hmm. So, if I run a payday loan scam I can fund a better race team? Oh, wait. That's probably not the right take home message, is it?
Well, this isn't the first time that an alleged criminal enterprise has funded racing.
Spool valve shocks!
The real question is: Can I buy the famed D Sports car?
That Dinner with Racers story was so damn funny.
I am eyeing the thousand-horsepower Porsche 911 Turbo.
My friend worked for these guys for like 3-4 years. He went back to work for Riley & Scott when they shut down, where he was before. He probably knows what a lot of this stuff is, or at least the back story on it.
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