Prost assets go under hammer

Prost assets go under hammer

On Monday the Versailles Trade Court held the first of four auctions to sell off assets of the former Prost Grand Prix team. At the Palais du Congres twelve Formula One cars and many accessories went under the hammer, the cars being sold for a...

On Monday the Versailles Trade Court held the first of four auctions to sell off assets of the former Prost Grand Prix team. At the Palais du Congres twelve Formula One cars and many accessories went under the hammer, the cars being sold for a total of approx E1,050,000. The highest individual price was E240,000 for a Prost AP03, fitted with a working Peugeot V10 engine, which was driven in three races by Jean Alesi in 2000.

Jean Alesi.
Photo by Prost Grand Prix.

A 1999 AP02 went for E210,000 and others including Ligiers were also sold. Items of Alesi's racing gear were auctioned including racesuits, helmets and gloves. Prost's previous team base at Guyancourt will be auctioned on May 15th, including trailers, trucks and a motorhome.

Prost was declared bankrupt early this year after caving in under mounting financial troubles. While it was hoped a last minute reprieve would be granted it was not to be and the team was liquidated. English businessman Charles Nickerson since bought some equipment of Prost, including chassis', with the intention of joining the 2002 F1 championship under the name of Phoenix. However, the FIA ruled that only assets of the former team had been purchased, not the right to race.

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Series Formula 1
Drivers Jean Alesi