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Ed Higginbotham
Ed Higginbotham Associate Editor
4/13/17 11:09 a.m.
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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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John Welsh
John Welsh MegaDork
4/13/17 11:23 a.m.

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.

Ed Higginbotham
Ed Higginbotham Associate Editor
4/13/17 11:47 a.m.

I need to stop looking at all the auction lots. Too many bad ideas that would get me scolded by SWMBO.

WilD
WilD HalfDork
4/13/17 11:52 a.m.
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.

Rusted_Busted_Spit
Rusted_Busted_Spit UberDork
4/13/17 12:01 p.m.

In reply to WilD:

And it raced at Le Mans.

RossD
RossD UltimaDork
4/13/17 12:06 p.m.

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

xflowgolf
xflowgolf Dork
4/13/17 12:16 p.m.

the money initially thrown at that operation based on the leftovers is staggering.

4cylndrfury
4cylndrfury MegaDork
4/13/17 12:18 p.m.
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...

4cylndrfury
4cylndrfury MegaDork
4/13/17 12:20 p.m.

cmcgregor
cmcgregor Dork
4/13/17 12:21 p.m.

MAN there's some cool stuff in there.

Anyone want to start up a shock revalving operation?

Dyno

Beyond the obvious eye candy, there are lots of tools and stuff that they're expecting to go cheap.

nderwater
nderwater UltimaDork
4/13/17 12:27 p.m.

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!

4cylndrfury
4cylndrfury MegaDork
4/13/17 12:38 p.m.

Honda Crate engine for 1-2 bills?

Warning:CHALLENGE FODDER AHEAD

cmcgregor
cmcgregor Dork
4/13/17 12:40 p.m.
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.

RossD
RossD UltimaDork
4/13/17 1:00 p.m.

What are theses? LSx?

captdownshift
captdownshift PowerDork
4/13/17 1:16 p.m.

In reply to RossD:

Let's plan ahead and get this going for the Meathead Racing auction that will be forthcoming.

Ed Higginbotham
Ed Higginbotham Associate Editor
4/13/17 1:16 p.m.

The start of a way-too-awesome sim rig?

mndsm
mndsm MegaDork
4/13/17 1:24 p.m.
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....

Tyler H
Tyler H UltraDork
4/13/17 1:41 p.m.

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.

APEowner
APEowner Reader
4/13/17 1:44 p.m.

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?

David S. Wallens
David S. Wallens Editorial Director
4/13/17 1:54 p.m.
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.

STM317
STM317 Dork
4/13/17 2:01 p.m.

Spool valve shocks!

The0retical
The0retical SuperDork
4/13/17 2:14 p.m.

The real question is: Can I buy the famed D Sports car?

That Dinner with Racers story was so damn funny.

David S. Wallens
David S. Wallens Editorial Director
4/13/17 3:34 p.m.

I am eyeing the thousand-horsepower Porsche 911 Turbo.

jimbbski
jimbbski Dork
4/13/17 3:49 p.m.

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.

Ed Higginbotham
Ed Higginbotham Associate Editor
4/13/17 3:56 p.m.
David S. Wallens wrote: I am eyeing the thousand-horsepower Porsche 911 Turbo.

That thing is wild.

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