RM Auctions sold a 1997 McLaren F1 for £2.530.000 (about $4.12 million at current rates). Although this does not come close to the all time record set by a Ferrari GTO for $28.5 million, it does set a new record for McLaren F1 prices and is about four times the origional sales price a little over a decade ago.
The McLaren F1 is powered by a BMW sourced 6.1-liter V12 engine that delivers 627 hp at 7,400 rpm. In March 1998, the F1 hit a record speed of 240.14 mph. It held this record until February 2005 when it was broken by a Koenigsegg CCR going 242.2 mph.
The F1 wasn’t the only high dollar car of the day. The auctions sold a 1965 Ferrari 250 LM Berlinetta and a 1959 Ferrari 250 GT Tour de France each for a price of £2,255,000. A 1938 Horch 853 Special Roadster was sold for £1,127,500 and a 1938 Bugatti Type 57C Atalante for £660,000.