In an unexpected turn of events, the Indianapolis Motor Speedway Museum is preparing to part ways with more than 10 valuable cars from its collection. These iconic vehicles, including a 1954 Mercedes-Benz W196 “Monza” Streamliner driven by Stirling Moss and Juan Manuel Fangio, will be auctioned off by RM Sotheby’s in order to help fund the museum’s ongoing projects and ensure its long-term financial sustainability.
The decision to sell these prized classics has sparked interest among car enthusiasts and collectors alike, who are eager to get their hands on pieces of automotive history. With a variety of vehicles ranging from a 1907 Itala to a 1991 Benetton B191 Formula One car, there is something for every type of collector in this unique sale.
Highlights from the Collection
One of the standout vehicles going up for auction is the 1954 Mercedes-Benz W196 “Monza” Streamliner. This historic race car, with a storied past of victories and records, is expected to fetch up to $70 million at auction. Another notable car is the 1964 Ferrari 250 LM, which famously won the 24 Hours of Le Mans in 1965. These iconic cars represent a significant chapter in the history of motorsport and are sure to attract attention from collectors worldwide.
Unique Additions to Any Collection
Aside from the well-known classics, the collection also includes some more obscure vehicles that offer a unique opportunity for collectors to own a piece of automotive history. For example, the 1957 Chevrolet Corvette SS Project XP64, a magnesium-bodied prototype that ran in the 1957 12 Hours of Sebring, played a role in shaping the future of the regular-production Corvette. These lesser-known gems provide a chance for collectors to own something truly special and rare.
Financial Sustainability and Future Plans
The decision to sell off these valuable cars is part of the museum’s strategy to ensure its long-term financial sustainability. By adding a substantial sum to its budget, the museum aims to fund various ongoing projects, take care of its restoration staff, and expand its collection in the future. Joe Hale, the museum’s president, emphasized the importance of generating additional funds through the sale of these cars to support the museum’s mission and secure its future success.
Auction Details and Timeline
The cars from the Indianapolis Motor Speedway Museum collection will be sold in a series of auctions beginning in the fall of 2024. The exact timeline for the auctions has not been released yet, but enthusiasts can expect to see these iconic vehicles cross the auction block soon. The W196 “Monza” Streamliner will be one of the first vehicles to be auctioned off at RM’s Monterey sale, where it is expected to draw significant interest and potentially set new records in terms of price.
Looking Ahead
As the Indianapolis Motor Speedway Museum prepares for its reopening in April 2025, the sale of these valuable cars represents a new chapter in its history. While some may be sad to see these iconic vehicles leave the collection, the funds generated from the auctions will ensure the museum’s continued success and ability to acquire new additions for its collection. With a mix of classic and rare vehicles up for grabs, this auction promises to be an exciting event for car enthusiasts and collectors alike.