Entire Formula One racing cars, spare parts for them and testing equipment are going under the hammer as administrators try to salvage as much as they can from the failed Manor Racing team.

Assets from Manor GP and Just Racing Services - the companies behind the Formula 1 racing team which crashed into administration three months ago after two disappointing seasons’ racing - will being auctioned off in May.

The sale of more than 4,000 lots is being billed by administrators FRP Advisory as a “great opportunity” for other racing teams to pick up equipment, or for motorsport enthusiasts to buy “unique F1 memorabilia”.