Race car that belonged to Roger Penske fetches $175,000 at Phelon auction

Tuesday, July 10, 2012 2:22 PM
Last updated 6:48 PM
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More than $1 million worth of racing cars and equipment that belonged to late Aiken businessman Dale Phelon was sold Tuesday at auction.

Aiken businessman Dale Phelon, who died in March, will have his collection auctioned off Tuesday. Included in his items is the 1969 Lola Can-Am Series car was originally owned by Roger Penske and driven by Mark Donohue.   IRON HORSE AUCTION COMPANY
IRON HORSE AUCTION COMPANY
Aiken businessman Dale Phelon, who died in March, will have his collection auctioned off Tuesday. Included in his items is the 1969 Lola Can-Am Series car was originally owned by Roger Penske and driven by Mark Donohue.

More than 500 lots went up for bid at Phelon Motorsports in Aiken, including 27 cars and three motorcycles.

A 1969 Lola Can-Am Ser­ies car originally owned by Roger Penske and driven by Mark Donohue was sold for $175,000. Phelon purchased the car in 1994 and installed a 486-cubic-inch Chevrolet big block engine that puts out 850 horsepower.

Other big-ticket items sold Tuesday were a 2010 Audi R8 for $112,000 and a 1995 Roush Ford Mustang for $100,000. Ten vehicles sold for more than $50,000 at the auction, which was conducted by Iron Horse Auction Co., of Rockingham, N.C.

Phelon died in March after a brief battle with brain cancer.

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KSL
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KSL 07/10/12 - 03:44 pm
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Rode by thr auction on the

Rode by the auction on the way to N Aug. It was packed.

Carleton Duvall
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Carleton Duvall 07/11/12 - 07:57 am
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KSL

You should have stopped and bought yourself a ride.

KSL
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KSL 07/10/12 - 03:43 pm
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Too funny. There defitely

Too funny. There defitely were people there to buy. The parking lot was jammed with trucks pulling rides for those rides. Cars and trucks were parked along US 1 and the bypass. Some are still there now.

Bantana
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Bantana 07/10/12 - 03:58 pm
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From the catelog description,

From the catelog description, the 1953 Ford F1 pickup truck sounds sweet.

southern2
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southern2 07/10/12 - 04:01 pm
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Was an amazing collection of

Was an amazing collection of big boy toys. Sort of sad to see such a fine and unique collection of vintage race cars and factory hot rods sorted and dispersed. It attracted some serious buyers along with some curious onlookers like me.

southern2
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southern2 07/10/12 - 04:06 pm
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The 53 Ford F1 pickup was

The 53 Ford F1 pickup was sweet with every detail immaculately finished. Sold for 40 grand.

itsanotherday1
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itsanotherday1 07/10/12 - 04:09 pm
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Sounds like some buyers were

Sounds like some buyers were a little overenthusiastic. I don't see an Audi R8 selling for 112K or a Roush Mustang for 100k. Dunno about the Lola.

southern2
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southern2 07/10/12 - 05:13 pm
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Don't forget the 10-15%

Don't forget the 10-15% buyers premium and the 7% sales tax on some purchases.

itsanotherday1
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itsanotherday1 07/11/12 - 12:36 am
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Dunno, but I know for a fact

Dunno, but I know for a fact a brand new R8 can be had for ~80K cause I just looked at one at GJ.

J3rrYcid
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J3rrYcid 11/19/12 - 10:39 pm
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Did the Audi R8 sell way

Did the Audi R8 sell way below the market price for second hand cars? Even though it was from 2010, I would expect the car to fetch a few thousand more. I guess such cars drop in value quite fast. It is amazing to see so many great cars in the collection. He must have been quite the collector!

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