FEBRUARY 18, 2003

A sign of the times

The auction of the assets of Asiatech in Versailles last week gave an indication of the state of the Formula 1 economy at the moment with available V10 engines being sold off at around $7500 apiece and the company's dynos in Velizy fetching only the market rate.

The company's transient dyno was bought by Peugeot - which built in the first place before Peugeot Sport's F1 operation was sold on to Asiatech - but otherwise there was little money raised with only the office furniture fetching decent prices.

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