Mercedes Racecar Up For Auction

by Deidre Woollard (RSS feed)
Feb 14th 2006 at 7:03AM

Bid4Assets an online auction company has announced the auction of a1990 Mercedes-Benz C-11-05 racecar driven by Formula 1 champion driver, Michael Schumacher, in the Le Mans Classic Championship competition. The auction will start on February 20 and has an opening bid of $830,000 and requires a $25,000 deposit. The auction ends February 23 at 3pm. The car is currently located in a storage facility in Boca Raton, Florida. It is being sold as part of a liquidation of assets owned by CLR Associates which is part of the SEC receivership involving the Lancer Group Family of hedge funds.

Tags: auction, formula 1, mercedes, racecar, schumacher