The Caterham Formula One team has just started liquidating its assets with the firm’s assets now being auctioned after a failed attempt to stay alive in the cut-throat world that is Formula One.
The assets, including the firm’s Formula One chassis, show cars, manufacturing equipment, pit lane equipment, office paraphernalia and memorabilia, are being sold through Wyles Hardy & Co which specialists in industrial equipment auctions. Alongside these aspects of Caterham F1, carbon fibre producing autoclaves are being auctioned alongside the official team race simulator as well as hospitality and transport trailers.
The first components to be auctioned on the 11th and 12th of March will be the pit lane equipment as well as the show cars while other things like team clothing, hospitality and catering goods, IT equipment, servers, computers and more will be auctioned across April and May.
This news is seemingly the final nail in the coffin for the team which despite raising $2.9 million through crowdfunding late last year to compete in the season finale in Abu Dhabi, has long been hit with financial difficulties.
At one stage late last year, it was confirmed that the FIA would allow Caterham to use its 2014 car for the upcoming season but now even that seems like an unachievable dream.