Caterham F1 assets up for auction

There's no fat lady singing, but when a Formula One team starts liquidating its assets, it's not a good sign. And that's just what's going on with Caterham F1.

As you may recall, Caterham starting showing signs of trouble this past summer when team founder Tony Fernandes (who went on to buy the automaker of the same name) sold the F1 team to new owners. The team then changed management a couple of times until the factory that makes its cars went bankrupt, dragging the team itself down with it. The bankruptcy administrators then launched a crowdfunding campaign to make it to the end of the season, but a cloud of doubt hung over whether it would be back on the grid this year. Now we seem to have our final answer.

Industrial equipment auctioneers Wyles Hardy & Co has listed the assets of the Caterham team on its website. Among the items for sale are the chassis themselves, the show cars, pit lane equipment, manufacturing and office equipment and team memorabilia. The firm is also selling the team's transport and trackside hospitality trailers, the autoclaves used to make carbon-fiber components, the team's race simulator and a Dell super computer.

In short, it's just about everything you'd need to start your own F1 team, but not necessarily a successful one. Given how many restaurants we routinely see moving into failed locations, though, we're sure someone will snap it all up.

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