In an effort to fund futute growth and expansion some very rare cars will be sold off to provide a sound future for the museum.
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Indianapolis Motor Speedway Museum to auction off 11 cars to support its endowment
INDIANAPOLIS — The Indianapolis Motor Speedway Museum is selling off some legendary and prized automobiles as a way to help finance the future.
The museum is partnering with the famed Sotheby's auction house to sell 11 cars to increase its endowment and to help ensure long-term financial sustainability.
One of the cars, a 1954 Mercedes-Benz W196 Streamliner is estimated to sell for between 50 and 70 million dollars.
Sotheby's
Also up for auction is the Le mans winning 1964 Ferrari 250 LM.
Sotheby's
The vehicles will be sold at multiple sales late this year and into 2025. The oldest cars are from 1907, 1908 and 1911.
The museum is currently undergoing a massive renovation to become more modern, interactive and better showcase its massive collection of racing memorabilia.
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It is set to reopen in April.