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. Mercedes Racecar Up For Auction
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. 
