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One Man’s Seized Motorsport Property Is Another Man’s Treasure

If you are a fan of motorsports then you have for sure had the dream, we all have. You have dreamt that you bought your own car and equipment and you’re going to go racing with it. Eventually someone will take notice and before long you will be mixing it up with the big boys. Then reality sets in like a ton and half of bricks and the dream is shattered into several billion pieces. Racing is expensive, even old race cars are expensive. There is an old adage in the car world, if you want to alienate all your friends or ruin your marriage then you buy a race car.

Good news is at hand. Auctions America has been commissioned to auction off all of Level 5’s equipment. All the cars and equipment Level 5 used was one of the most successful North American based racing teams of the early 2000’s. They won their class in LMP2 4 times. They even won the GT Daytona Class at the Rolex 24 at Daytona. They were a highly successful team who now sees everything they own heading to the auction block at no reserve.

Why no reserve? Well, Level 5 owner Scott Tucker was found guilty of fraud and racketeering. He owes nearly 1.2 Billion to the Federal Trade Commission. Thus Level 5’s once proud race organization and all of its cars are up for auction at no reserve.

Now while very sad for those who worked at Level 5 and had nothing to do with the scheming behind the scenes it is good news for enthusiasts. No reserved means many of the items are going to sell for less than they’re actually worth, so deals will be there to be had. Ferrari’s, Porsche’s, Lmp2 cars, a fuck ton of parts, haulers, TVs, stationary bikes, and it goes on and on. In all 350 lots will hit the auction block and it dawns on you the sheer scale of Level 5’s operation.

This is your chance, if you want a race car and you want it on the cheap, this is the place to be. So get on a plane or bus or stage-coach and get yourself to Auburn on May 11th for the Auctions America Auburn Spring Auction. For more information on the auction click here.

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About Chad Kennedy

Chad burst from the womb wearing a racing suit and a helmet. Chad's passion for cars is in his very DNA. His father was a gear head and passed on the tradition through owning such classics as a '66 Mustang and a '59 Corvette all while taking him to various race tracks in the area. Chad likes to wrench on his rides whenever possible, forgoing the stealership. Chad is an avid motorsports fan with particular interest in endurance/sports car racing. When not online writing for Shifting Lanes, you can find him working at the local golf course teaching people how to swing or hooning a golf cart at impossible speeds.

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