To Be OFFERED AT AUCTION WITHOUT RESERVEEstimate:
$30,000 - $40,000
- The second of six examples produced for the 1994 model
year.
- The only car built in 1994 in this color.
- One of 44 Panoz Roadsters built from 1992-1995.
- Less than 6,150 miles from new.
The Panoz Auto Development Company of Braselton, Georgia was
founded in 1989. Don Panoz (who made his fortune developing the
nicotine patch) provided the financial backing for his son Dan to
build a no-frills, lightweight sports car. The younger Panoz
purchased the rights to a chassis designed by Frank Costin
previously used in the defunct Irish sportscar called the TMC
Costin. Panoz then secured Freeman Thomas to fashion a Lotus
Seven-inspired body for the car from aluminum panels.
Ford Mustang running mechanicals make up the engine, transmission
and rear-end including a 225 bhp 5.0-liter V-8 shifted via a
Borg-Warner T-5 five-speed manual transmission. An independent
front suspension and solid rear axle complete the package. The car
was launched to the public in 1992. Interestingly, the Costin
chassis never underpinned the Panoz Roadster. Early cars used a TIG
welded stainless steel tubular frame along with an extensive use of
CNC machined and stamped parts. The first ten cars were
hand-assembled with a seven-man crew; additional production
personnel were later added.
This pristine example has just under 6,150 miles on its odometer.
According to the consigner, the Panoz factory confirms this is the
second of six cars built in 1994 of the total 44 produced between
1992 and 1995. It is the only one built in 1994 in green with a tan
leather interior which includes a matching snap-on tonneau cover.
In addition, it is equipped with power four-wheel disc brakes,
Traction-Lok differential, six-digit analog speedometer, and 16"
alloy wheels fitted with BF Goodrich radial tires. To view this car
and others currently consigned to this auction, please visit the RM
website at
rmsothebys.com/en/auctions/mo20.
