Ever since the Caterham F1 Team collapsed last year, the problem has been what to do with the stuff. Wyles Hardy & Co, a auction company in the UK, has announced that they will be selling the remaining assets from the F1 team. When we say assets, we mean everything from racing and pit equipment, to test equipment, team clothing, and the F1 team’s 2010 Show Car. Wyles Hardy & Co. have scheduled several auctions throughout the next few months in order to sell everything.
The first two scheduled auctions will be next week. The first auction will be on Thursday and Friday, March 11th and 12th, and will be focusing on the race and pit-lane equipment. This includes everything from entire carbon-fiber engine covers, to entire steering wheels, and several racing chassis. Looking at the prices, they are actually reasonable, especially the current bid of £22,500 ($33,873) for the 2010 show car.
The other auction will be on Saturday, March 13th, and it will focus on the team’s electronics. This includes everything electric from battery recharge packs, simple cords, and even entire drive control panels. A quick look around at the prices reveals some really low prices with very most items starting at over £20 ($35).
This is probably the nail in the coffin for the F1 team. While there are reports of other investors might be stepping up to save the team, the auctions have been scheduled and the F1 season only starting two weeks away the likelihood that Caterham would be returning this season is slim to none. If you would like to look at the entire catalog of the Caterham assets, you can find it here.