Anyone want to buy an Ex-F1 car?

Anyone want to buy an Ex-F1 car?

Author
Discussion

FourWheelDrift

Original Poster:

88,554 posts

285 months

Saturday 18th September 2004
quotequote all
GrandPrix.com said:

Paul Stoddart is preparing for a $5m sell-off of some of his Formula 1 assets at his English factory in Ledbury. The Australian aviation magnate has been an avid collector of Formula 1 cars and equipment for the last 10 years but has now become fed up with "falling over all the cars that are lying around" and has decided to sell half his collection and is planning to offload 40 Formula 1 cars at auction on November 18-19-20 in Ledbury. The cars will include around 20 Tyrrell chassis plus Brabhams, Benettons, Jordans, Arrows, Minards and, the star of the auction, the first BAR chassis. There will be around 3000 lots of engines, parts, memorabilia, clothing, overalls and other equipment.

Stoddart reckons the sale will net him $5m which will go towards the Minardi's team F1 budget.

Stoddart says he is not hugely worried about the demise of Cosworth as an engine supplieer as he is in a position to run his own engine programme as he did a few years ago, using old Cosworth engines. He has his own dynos and engine development staff on his books already.


40 F1 cars!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

docevi1

10,430 posts

249 months

Saturday 18th September 2004
quotequote all
More the point, why sell them now

Eric Mc

122,053 posts

266 months

Saturday 18th September 2004
quotequote all
The star of the collection is the first BAR?

They must be kidding.

FourWheelDrift

Original Poster:

88,554 posts

285 months

Saturday 18th September 2004
quotequote all
Actually, he's planning on selling 40 and netting $5million

So that's only £125,000 per car. Not a lot really. So the first BAR chassis probably is the star.

matt_t16

3,402 posts

250 months

Saturday 18th September 2004
quotequote all
The chassis won't be worth a great deal especialy if they've raced in competition. Without engines, transmission, management, other misc systems, brakes etc. their just bits of Carbon Fibre that are exteremely outdated for £70K quid odd your really paying for the history.

Matt

docevi1

10,430 posts

249 months

Sunday 19th September 2004
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and of course the uber-coolness of having a F1 "car" in your sitting room

The DJ 27

2,666 posts

254 months

Sunday 19th September 2004
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Plenty of new cars for EuroBOSS then

Neil Moulton

9 posts

241 months

Tuesday 21st September 2004
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It is $125,000 per car, which converted into GBP is £68,750 at current exchange rates. Bargain!

Neil Moulton

9 posts

241 months

Tuesday 21st September 2004
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Apologies, you had already sussed out what I had just posted!