Collapsed Marussia F1 Team To Sell Off Assets In Online Auction

The assets of "collapsed F1 team Marussia are to be sold at auction," according to the BBC. The team "ceased trading in early November, nearly two weeks after being placed in administration, making about 200 staff redundant." Administrators FRP Advisory confirmed the Banbury-based team "had folded after failed efforts to find a buyer." Among the items being sold off in an online auction are "race and show cars, trailers, testing gear and office equipment." While the '14 Marussia race cars are "part of the sale, their engines are not included." Auctioneers have "not put a reserve price on any of the items." Marussia became the "second F1 team to be placed in administration this autumn after the Caterham team also folded in October." The auction "takes the form of a live webcast and online sales" and runs from Dec. 16-18 and on Jan. 21 (BBC, 12/11).