By alley - Mar 21, 2017, 12:21 PM ET

Remaining KV Racing assets ready for auction

A Dallara DW12 Indy car chassis, custom race car transporters and hundreds of items used in the running of the former KV Racing team will go under the hammer next week. The live auction starts on March 27 at the team's former 4001 Methanol Lane facility in Indianapolis, and

an online bidding component will run concurrently

.

The recently shuttered Verizon IndyCar Series program owned by Kevin Kalkhoven and Jimmy Vasser sold a fair portion of its assets to championship-winning Indy Lights team owner Ricardo Juncos,

who will enter the Indy 500

using cars and equipment purchased from KV.

But many items, including the car Stefan Wilson drove in the 100th running of the Indy 500 last May, pit equipment, scooters, apparel, machining and fabrication tools, office furniture, memorabilia, and an endless array of spare parts are among the offerings in an auction that will liquidate everything Juncos Racing did not purchase.

Formed in 2003, KV Racing went through multiple ownership changes and ran more than 25 drivers during its tenure in Champ Car and the Verizon IndyCar Series. Facing another sponsorship shortfall in 2016, founding owner Kalkhoven made it known early in the year that he would no longer funnel millions of dollars into the team to keep it afloat.

Attempts to sell the team or partner with another team during the offseason did not come to fruition, which ultimately led Kalkhoven to close KV Racing and sell its assets.