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The Indianapolis Motor Speedway Museum is selling its most valuable cars in partnership with auction house RM Sotheby’s and hopes to raise more than $100,000,000 from the release. Ten cars in total…
The Indianapolis Motor Speedway Museum, in partnership with auction house RM Sotheby’s, is selling its most valuable cars with the goal of raising over $100 million from the release. Ten cars have been pulled from the museum, independent of Roger Penske’s ownership of IMS. Majority of the cars lack Indianapolis 500 provenance, representing rare vehicles from other series. The anticipated auction prices for the 11 cars could generate over $106 million if big numbers are achieved. The museum plans to use the auction income to secure its future and invest in renovations. Although selling the cars may limit variety, the proceeds will help create an endowment for long-term viability. The auctions will take place in Germany, Paris, and Miami in February.
