Indianapolis Motor Speedway Museum auctioning some cars

Dozens of cars in the basement of the Indianapolis Motor Speedway Museum are being auctioned off as the facility continues to revamp its collection.

Posted: Sep 26, 2020 5:50 PM

INDIANAPOLIS (AP) — Dozens of cars in the basement of the Indianapolis Motor Speedway Museum are being auctioned off as the facility continues to revamp its collection.

Since mid-May, the museum — dedicated to preserving the history of automobiles and auto racing — has generated about $320,000 after selling 14 vehicles, the Indiana Business Journal reported.

Most of the vehicles were early 20th Century cars and Ford Model T’s that had not been used during races.

More than 70 cars are expected to be sold through the end of 2021, with proceeds to be reinvested in the maintenance of the museum’s remaining vehicles in addition to obtaining new memorabilia.

Last week, a 1939 Bantam roadster purchased by the Indianapolis Motor Speedway Foundation in 1967 was on the block before it sold for $8,600.

“We think this can be a $1 million exercise between the end of this year and next year,” said Bill Oesterle, a board member who is serving as the museum’s interim president. “We have a world-class collection — truly unique across the world — and we can use those dollars to take care of this collection and to add to it.”

Oesterle, chief executive of local tech firm tMap LLC and a founder of Angie’s List, said the funds will help the museum amplify the history of the speedway and its drivers.

The museum, through the Indianapolis Motor Speedway Foundation Inc., generated revenue of $4.75 million last year, up from $4.1 million in 2018.

The museum has partnered with San Francisco-based online auction site Bring a Trailer, which has more than 145,000 registered users, to sell the cars. The platform uses a variety of media to disseminate information about the vehicles available, including photos and videos.

One of the cars already sold was a 1907 Franklin Model G, a four-passenger touring model the Speedway Foundation bought in 1961. The Franklin Model G was sold for $51,111 on June 26.

Additionally, the museum must find and select an executive director to replace Betsy Smith, who left earlier this year. The move comes after Roger Penske became owner of the Indianapolis Motor Speedway in January.

Penske is founder and chair of the Bloomfield Hills, Michigan-based Penske Corp.

He's since shut down the sprawling museum to spectators because of the coronavirus pandemic.

“We’re still committed to the facility — it needs an overhaul, and we’re very conscious of that and working on that,” Oesterle said. “The pandemic and change in ownership has impacted the process. Right now, we’re a little more near-term on our focus.”

West Lafayette
Clear
48° wxIcon
Hi: 70° Lo: 49°
Feels Like: °
Kokomo
Partly Cloudy
51° wxIcon
Hi: 69° Lo: 51°
Feels Like: 51°
Rensselaer
Partly Cloudy
48° wxIcon
Hi: 69° Lo: 50°
Feels Like: 48°
Fowler
Clear
48° wxIcon
Hi: 69° Lo: 49°
Feels Like: °
Williamsport
Clear
48° wxIcon
Hi: 70° Lo: 47°
Feels Like: 48°
Crawfordsville
Clear
46° wxIcon
Hi: 69° Lo: 46°
Feels Like: 44°
Frankfort
Partly Cloudy
46° wxIcon
Hi: 75° Lo: 48°
Feels Like: 44°
Delphi
Clear
48° wxIcon
Hi: 71° Lo: 50°
Feels Like: 45°
Monticello
Partly Cloudy
48° wxIcon
Hi: 78° Lo: 53°
Feels Like: 45°
Logansport
Clear
50° wxIcon
Hi: 69° Lo: 50°
Feels Like: 50°
Warming up with plenty of sunshine!
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 947918

Reported Deaths: 15377
CountyCasesDeaths
Marion1291181990
Lake635721103
Allen53899761
Hamilton44082449
St. Joseph42122590
Elkhart33803491
Vanderburgh30574449
Tippecanoe26915251
Johnson23727418
Hendricks22410342
Porter21832347
Clark17562231
Madison17492385
Vigo16302285
Monroe14545191
LaPorte14389239
Delaware14183222
Howard13971273
Kosciusko11498135
Hancock10935166
Warrick10737178
Bartholomew10635170
Floyd10514208
Wayne10077226
Grant9213204
Morgan8928160
Boone8463111
Dubois7791123
Dearborn769490
Henry7691133
Noble7466101
Marshall7409128
Cass7219118
Lawrence7026153
Shelby6647111
Jackson661386
Gibson6190107
Harrison609386
Huntington604495
Montgomery5853105
DeKalb581091
Knox5535104
Miami548888
Putnam543268
Clinton537465
Whitley529354
Steuben501768
Wabash488692
Jasper483861
Jefferson474492
Ripley457777
Adams446068
Daviess4231108
Scott409165
Clay394957
White393858
Greene393392
Wells389884
Decatur388797
Fayette378578
Posey362341
Jennings356056
Washington334747
LaGrange325175
Spencer321136
Fountain318455
Randolph317190
Sullivan309449
Owen287064
Starke282864
Fulton280454
Orange277859
Jay257038
Perry254152
Carroll245229
Franklin242838
Rush237030
Vermillion235050
Parke221420
Tipton212055
Pike211740
Blackford170534
Pulaski168551
Crawford147318
Newton145845
Benton143916
Brown135846
Martin130217
Switzerland126910
Warren115616
Union98511
Ohio80511
Unassigned0482

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events