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Panther Racing IndyCar team assets to be auctioned off

Jul 10, 2014, 1:10 PM EDT

(Photo courtesy Key Auctions) (Photo courtesy Key Auctions)

If you’re a big fan of the former Panther Racing IndyCar team and have a fat wallet, plenty of space on your credit card or a well-stocked checkbook, you might want to break them out.

Assets of the now defunct team are set to be auctioned off on July 23 by Key Auctions, according to a Thursday story by the Indianapolis Business Journal.

Among items on the block include a pair of 2011 IndyCar race cars, as well as the car Sam Hornish Jr. drove to victories at both Chicago and Fontana in 2003.

Hornish’s finish at Chicago marked the closest three-car finish in series history, while the Fontana race was the fastest in series history, as well, according to Key Auctions’ web site.

Winning trophies for those races will be sold with the car, as well.

Also up for auction are show cars, a motor home, computers, trailers and transporters and other associated equipment.

Panther was formed in 1997 by a group that included former Indianapolis Colts quarterback and now San Francisco 49ers head coach Jim Harbaugh, along with several other investors including current Indianapolis Motor Speedway president Doug Boles.

Panther quickly achieved significant success, including winning back-to-back championships (2001-02) in the then-Indy Racing League (now Verizon IndyCar Series), as well as runner-up finishes in the Indianapolis 500 from 2008 through 2011.

Not only did the organization start Hornish on his way to becoming both a IRL series and Indianapolis 500 champion, it also gave the late Dan Wheldon his first IndyCar ride late in the 2002 campaign.

In-person bidding begins at 10 am ET on July 23 at Panther’s former headquarters, 5740 Decatur Road, Indianapolis – just south of Indianapolis International Airport.

In-person inspection will be held one day earlier at the facility.

Potential bidders can also make offers online.

Click here to see the items to be auctioned on Key Auctions’ web site. The list of available items is both long – and sad to see, given all that Panther Racing accomplished in a relatively short period of time.

Follow me @JerryBonkowski

  1. worknman24hours - Jul 11, 2014 at 12:19 AM

    When the money runs out,the doors close and the victories just become good memories.

    RIP Panther racing.

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