Caterham's remaining assets will start to be sold off at an auction on Wednesday
Race and pit lane equipment and 2014 chassis show cars among items for sale; team entered administration last year.
By William Esler
Last Updated: 16/03/15 2:16pm
The final nail in Caterham’s coffin will be hammered this week when the team’s remaining assets start to be auctioned off on Wednesday.
The perennial backmarkers entered administration last year and missed the United States and Brazilian Grands Prix, before returning in Abu Dhabi thanks to a crowdfunding scheme.
Administrator Smith & Williamson failed to find a new investor for the team and now what remains of the Leafield-based team will be sold off via auctions in March, April and May conducted by Wyles Hardy & Co.
The first auction will be held at the Caterham Sports Centre in Langley on Wednesday, Thursday and Friday this week with the sale of race and pit lane equipment, 2014 chassis show cars, electronics workshop and test equipment.
Further auctions include the sale of memorabilia, team clothing, branded goods, archive car panels and components, show car, as well as IT and office equipment.
“Certainly there is some interest in some of the equipment from some of the other teams, but it is mainly the other race formula who are glad to get their hands on some of the finest pit equipment you can buy," Matt Hardy of Wyles Hardy & Co told Sky Sports News HQ. "They are looking for a bargain and we are looking to sell it for the best price we can.
“People who are fanatical about Formula 1 also get the chance to buy and we have interest from as far away as Japan, New Zealand and even Iceland. You can buy everything from a wheelnut to a wishbone to a divers oxygen tank used to help inflate the wheels.”
Caterham entered the sport in 2010 as Lotus Racing, before being rebranded as Team Lotus the following season and then Caterham. The team contested 94 Grands Prix, but failed to score a point with two 11th place finishes the highlight of an unremarkable stint in F1.