So I'd seen this done a few times and I thought I'd give my hand a turn so I used the other super poseable figure I had and painted him up!
So first I dry brushed him with 3 coats of navy blue and then a dry brushing of red to make the red stand out. Then I paint penned his feet a metallic silver, eyes a metallic gold, and racing stripes and back symbol a darker red. Lastly I sharpied his chest symbol and the outline of the eyes black and let it dry.