http://cdn.media.autocar.co.uk//NonCar/156101010462262234x155.jpg

The assets of the defunct US F1 team have been auctioned off.

The team, based in Charlotte, secured a slot on the 2010 grid, but failed to raise the necessary sponsorship. Despite insisting it would race until the eve of this season, it appears to have had few assets to sell off. The main item of interest to race fans was a carbon fiber chassis tub (pictured), which raised just $7,850.

Other items sold were more mundane. The 427 lots included items such as trash bins, desktop computers, laptops, sofas, a vacuum cleaner and a single bottle of champagne.

In total the sale, which also included some heavy machinery, raised $1.4 million, which will be used to pay off some of the team's extensive debts.