Ed Higginbotham Associate Editor
April 13, 2017 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 MegaDork
April 13, 2017 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 Associate Editor
April 13, 2017 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 HalfDork
April 13, 2017 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.

April 13, 2017 12:01 p.m.

In reply to WilD:

And it raced at Le Mans.

RossD UltimaDork
April 13, 2017 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 Dork
April 13, 2017 12:16 p.m.

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

4cylndrfury MegaDork
April 13, 2017 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 MegaDork
April 13, 2017 12:20 p.m.

cmcgregor Dork
April 13, 2017 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 UltimaDork
April 13, 2017 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 MegaDork
April 13, 2017 12:38 p.m.

Honda Crate engine for 1-2 bills?

Warning:CHALLENGE FODDER AHEAD

cmcgregor Dork
April 13, 2017 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 UltimaDork
April 13, 2017 1:00 p.m.

What are theses? LSx?

captdownshift PowerDork
April 13, 2017 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 Associate Editor
April 13, 2017 1:16 p.m.

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

mndsm MegaDork
April 13, 2017 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 UltraDork
April 13, 2017 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 Reader
April 13, 2017 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 Editorial Director
April 13, 2017 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 Dork
April 13, 2017 2:01 p.m.

Spool valve shocks!

The0retical SuperDork
April 13, 2017 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 Editorial Director
April 13, 2017 3:34 p.m.

I am eyeing the thousand-horsepower Porsche 911 Turbo.

jimbbski Dork
April 13, 2017 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 Associate Editor
April 13, 2017 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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