Remnants of Formula One team to be sold at an on-line auction

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Auctioneers SHM Smith Hodgkinson said on the www.saf1-auction.com Web site that they had been instructed by administrators to sell the assets between July 29-31.

On line: Super Aguri Formula One assets to be sold on the net

The Honda-backed team, founded by Japan's former grand prix racer Aguri Suzuki at the end of 2005, withdrew from the championship for financial reasons in May after the collapse of a planned takeover.

The administrators PKF said at the time that they were looking to sell the business 'as an on-going concern to a company or individual looking to launch a Formula One or other motorsport operation.'

The assets include an SA06 car used in the team's first, pointless, season.