Panther Racing IndyCar team assets to be auctioned off

1 Comment

If you’re a big fan of the former Panther Racing IndyCar team and have a fat wallet, plenty of space on your credit card or a well-stocked checkbook, you might want to break them out.

Assets of the now defunct team are set to be auctioned off on July 23 by Key Auctions, according to a Thursday story by the Indianapolis Business Journal.

Among items on the block include a pair of 2011 IndyCar race cars, as well as the car Sam Hornish Jr. drove to victories at both Chicago and Fontana in 2003.

Hornish’s finish at Chicago marked the closest three-car finish in series history, while the Fontana race was the fastest in series history, as well, according to Key Auctions’ web site.

Winning trophies for those races will be sold with the car, as well.

Also up for auction are show cars, a motor home, computers, trailers and transporters and other associated equipment.

Panther was formed in 1997 by a group that included former Indianapolis Colts quarterback and now San Francisco 49ers head coach Jim Harbaugh, along with several other investors including current Indianapolis Motor Speedway president Doug Boles.

Panther quickly achieved significant success, including winning back-to-back championships (2001-02) in the then-Indy Racing League (now Verizon IndyCar Series), as well as runner-up finishes in the Indianapolis 500 from 2008 through 2011.

Not only did the organization start Hornish on his way to becoming both a IRL series and Indianapolis 500 champion, it also gave the late Dan Wheldon his first IndyCar ride late in the 2002 campaign.

In-person bidding begins at 10 am ET on July 23 at Panther’s former headquarters, 5740 Decatur Road, Indianapolis – just south of Indianapolis International Airport.

In-person inspection will be held one day earlier at the facility.

Potential bidders can also make offers online.

Click here to see the items to be auctioned on Key Auctions’ web site. The list of available items is both long – and sad to see, given all that Panther Racing accomplished in a relatively short period of time.

Follow me @JerryBonkowski

MRTI: Telitz gets creative to help racing career

Photo: Indianapolis Motor Speedway, LLC Photography
Leave a comment

To say that Belardi Auto Racing’s Aaron Telitz has endured a difficult start to the 2018 Indy Lights Presented by Cooper Tires season would be an understatement. The Wisconsin native only completed four corners through the first three races – Races 1 and 2 at St. Petersburg, and Race 1 at Barber Motorsports Park – with St. Pete being especially problematic.

He took the pole for Race 1, but a crash during qualifying for Race 2 prevented him from actually starting. What’s more, the damage was so severe that the Belardi team needed a brand new chassis, with Telitz’s Dallara IL-15 damaged beyond repair.

They also had to borrow a car from Carlin for Race 2, but Telitz’s race ended after he got tangled up with Victor Franzoni in Turn 2 on Lap 1.

With the damage bill well into the six figures as a result, Telitz has taken to some unique, or rather, creative ways to raise money in the aftermath to help cover the costs. “Creative,” in this case, meaning Telitz is using his art skills.

An artist in his spare time, Telitz has begun selling his own original paintings to help raise money.

 “I’ve been to a lot of art shows and I see stuff and I go, ‘Holy cow, someone’s going to pay a thousand dollars for that thing?’” Telitz quipped in a story posted on the Milwaukee Journal.

In discussing his artistic abilities, Telitz added, “I’m working at getting better. I’d like to be able to paint some animals, those types of things. I got a request from Alexander Rossi to see if I could paint his dog. Unfortunately I can’t do that yet.”

Further, in a partnership with The Styled Garage, Telitz is selling his own merchandise, and accepting donations, to help his cause.

Telitz finished fourth in Race 2 at Barber on Sunday, and sits seventh in the Indy Lights championship, 59 points behind leader Pato O’Ward.

Follow@KyleMLavigne