Someone Paid Enough for This Ultra-Rare McLaren F1 LM-Spec to Buy 87 Average Houses in the United States
The 2019 Pebble Beach Concours d’Elegance featured some of the most to-die-for cars in the world. One of the real stars of the show was a 1994 McLaren F1 “LM Specification”that lived up to its billing when it sold for a whopping $19.8 million at the RM Sotheby’s auction over the weekend. While it did sell below the auction house’s estimate of $21 million to $23 million, the $19.5 million selling price makes this specific McLaren F1 LM the most expensive McLaren ever sold in an auction setting. For a little perspective, the final selling price of this McLaren F1 LM is equal to buying 87 houses in the U.S. based on the median home listing, according to real estate and rental market place site Zillow. In other words, that’s a lot of houses for the price of one McLaren F1 LM.
Auction Watch: 1994 McLaren F1 "LM-Spec" - Will it Be the Most Valuable of the Year?
Automotive journalists and gearheads have been trying to fault - even if subconsciously - the McLaren F1 ever since it was introduced over 25 years ago. In a way, it’s something natural, that one desires to pick apart something that seems faultless. The McLaren F1 seems to do the job it was conceived to do flawlessly, ageing like the finest of wines from the best French vineyards. With the F40, one could argue that its spartan interior and lackluster build quality is what makes it not-so-perfect but the F1’s shut lines are akin to those on the most expensive Mercedes-Benz models of the day. Is it really perfect, though? That’s something you decide for yourself but what’s certain is that RM Sotheby’s thinks this F1 updated to LM specification is worth $23 million. If they’re right, it’ll become one of the most expensive cars ever sold at auction and the most expensive one sold in 2019.
The McLaren F1 is a special car, that’s something that everyone can agree upon, even folks that think cars are merely means of transport created to take you from A to B. It was created by one man with a vision helped by the fact that he was given a blank check. You don’t really see cost-no-object cars emerge in today’s finicky auto industry but, in the mid-’90s, bolstered by a string of impressive seasons in Formula 1, McLaren thought it could do the impossible and build the supercar to top all supercars, the supercar deserving of the title ’hypercar’. Sure, many people will continue to think the supercar has reached its peak with the F40 and the F1, with its practical interior that seats three, is simply deflecting from the purest of recipes that has been applied by Nicola Materazzi when creating the F40. No matter what side of the argument you’re on, this F1 in LM guise is worthy of a deeper look and, if you can, take a look at it in the flesh on the preview day before the three-day (August 15-17) auction kicks off.
Barrett-Jackson Just Auctioned Off a 2019 McLaren Seen (VIN 005) and it Sold for Crazy Money
A low-mileage McLaren Senna sold for $1.45 million at the Barrett-Jackson auction in Scottsdale, Arizona. The specific Senna, VIN# 005, sold for more than the $1 million starting price that a brand-new Senna would’ve cost. Unfortunately, McLaren only built 500 units of the supercar, and all 500 Senna units, including 120 in the U.S., already have owners. Actually, only 499 units of the 789-horsepower supercar remain after one of them was charred to a crisp recently. Perhaps that developed spurred the spike in price for the Senna that was being auctioned off at Barrett-Jackson. Perhaps it didn’t. Either way, the winning bidder not only won a Senna, but he also won a Senna with just 281 miles in its odometer. That’s a pretty sweet deal for all parties involved.
McLaren Builds Bespoke 570S Spider for the Elton John AIDS Foundation
McLaren has created a custom-made special edition 570S Spider that went for £725,000 (almost $950,000) as part of the 25th anniversary of Elton John’s AIDS Foundation. Proceeds from the sale of the one-off McLaren will go to John’s charity, which has helped millions of people across 26 different countries.
One-Off McLaren 720S By MSO Raises $650,000 For Children’s Charity
While just about any McLaren model in standard trim is truly a sight to behold, the experts over at McLaren Special Operations (MSO) have a way of making these machines even more attractive. And that’s exactly what happened with this one-of-one 720S coupe, which comes draped in unique paint and gets decked out in a plethora of carbon bits. One McLaren fan was so smitten, they paid $650,000 to get their hands on it, well over twice the car’s starting MSRP. And that’s a good thing, because proceeds went to benefit a children’s charity.
The car was recently auctioned off at the Naples Winter Wine Festival, where it raised money for the Naples Children & Education Foundation. The car was originally equipped in the Luxury specification (as opposed to the base model or Performance spec). From there, MSO added a host of optional equipment, including loads of carbon fiber bits for the interior and exterior. However, the most eye-catching feature is the Nerello Red paint found on the body panels, so named after a type of grape found in the Mascali area of Sicily – appropriate for the Naples Winter Wine Festival, no?
Inside, the 720S comes equipped with Saddle Brown leather upholstery punctuated by Nerello stitching. There’s also a customized steering wheel sporting some Carbon Black leather hand grips.
As a reminder, the McLaren 720S comes from the factory with a carbon fiber chassis for low weight, as well as a 4.0-liter V-8 for motivation. The powerplant is pumped up by a double-dose of turbocharging to produce 710 horsepower and 568 pound-feet of torque at the rear wheels. The run to 60 mph takes just 2.8 seconds, while top speed is rated at 212 mph. MSRP starts at $287,745.
A McLaren Senna Just Sold at Auction for $2.67-million
The McLaren Senna, AKA McLaren P15, is finally here and – big surprise here – all 500 examples were spoken for. Well, that’s true except for one, chassis No. 193, which was recently sold at auction for a staggering $2.67 million. Considering the McLaren-set price of £750,000 (just over $1 million USD,) that’s some serious intake from the auction. The good news is that all of that isn’t going back to McLaren or one of the “assigned” owners of the Senna. Instead, the proceeds are being sent off to the Ayrton Senna Foundation, a foundation named after Formula 1 driver Ayrton Senna da Silva that supports children in poor and developing countries.
Want to know more? Keep reading…
Last US-Spec McLaren P1 Sold For $2 Million At Auction
A McLaren P1 fetched a record amount at a recent Bonhams auction, crossing the block for a staggering price of $2.09 million. The Alaskan Diamond White model is the 371st (VIN. SBM12ABA1FW000371) of the 375 total units of the P1 and is the last one made for the U.S. market. The $2.09 million tag is the highest ever paid for a P1, reaffirming the growing belief that the trio of hypercars released by McLaren, Ferrari, and Porsche have already reached critically acclaimed status.
As exclusive as a “standard” P1 already is, this particular model is even more so as it’s dressed to the nines with an options list that costs almost $100,000. The Alaskan Diamond White paint finish is included in the options, as are the contrasting orange accents throughout the car’s exterior and interior. Its power still comes from a 3.8-liter twin-turbo V-8 engine that works in concert with an electric motor to produce a total of 903 horsepower and around 1,100 pound-feet of torque. Its performance credentials are pretty much public knowledge at this point, but in the interest of full disclosure, the P1 is capable of sprinting to 60 mph in just 2.6 seconds and through the quarter-mile in 9.8 seconds. Its top speed is listed at 217 mph.
Technically speaking, this particular P1 is a second-hand with the first owner identified as a “Florida-based enthusiast” who took delivery of the car a year ago from McLaren’s dealership in Chicago. The good thing is that the model only has less than 300 miles on its odometer, making it pretty close to being a brand new P1.
The identity of the winning buyer wasn’t disclosed, but it’s evident that whoever won the auction has some deep pockets. As for the first owner, he got to enjoy the car for close to a year and still made money from the sale. That’s the kind of year-over-year returns that we can now expect from the McLaren P1.
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Any McLaren F1 is a unicorn, but the ultra-rare F1 LM-Specification cars are unicorns among unicorns. How rare? Only two were ever built. On average, ‘standard’ F1s routinely clear $10 million at auction, which is nothing to sneeze at, but the two LM-Specification cars could each be worth north of $15 million. In other words, you don’t have enough kidneys.
You’re probably familiar with the ultra-rare 1995 McLaren F1 LMs — five F1s built at the factory (plus one XP1 prototype) with upgraded engines, stripped-out interiors and McLaren’s Extra High Downforce Package. The ‘LM-Specifications’ are a bit different. Both chassis numbers 018 and 073 started life as a road-specification F1s and were later fitted with the more-powerful V-12 and high downforce aero package from the LM at the McLaren factory, but unlike the purebred LMs they retain the road car’s more-livable interior.
Chassis 073 never actually left the factory in its original specification. Originally built in 1998, its owner specified AMG Green Velvet paint with a two-tone tan and green interior, but instead of taking delivery of the car, the owner asked that it be kept at McLaren’s factory in Woking to be fitted with new LM bodywork, unique multi-spoke 18-inch wheels and upgraded engine. It was also painted in the brilliant orange metallic color pictured above.
Less is known about the origins of 018, but this metallic-silver example was originally built in 1994 and is fitted with the same five-spoke wheels as the LM. It currently lives in Auckland, New Zealand.
Updated 08/14/2015: This very rare McLaren F1 LM was sold at an auction in Monterey for a staggering $13.75 million, representing a new record for the car. This special F1 LM is part of the Pinnacle Portfolio collection, which will be sold off during the weekend in Monterey.
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With only 64 standard street versions built, the McLaren F1 is one of the rarest supercars around. And since the company stopped building them about 16 years ago, those looking to add an F1 to their garage need to search for months, if not years, to find one for sale and spend millions of dollars to take it home.
One of these jewels changed owners for no less than $5.5 million a couple of years ago, a record for the astounding F1. However, a more recent sale saw one of these supercars fetch nearly double the amount, with a British F1 nut paying £6.2 million or $10.5 million at current exchange rates.
The amount is more than staggering, but there are a couple of reasons for why the anonymous Brit paid the price of nearly ten P1s to get a 20-year-old car. First of all, the model depicted in the photo above is one of the only two F1s finished in red. Secondly, this example, bearing chassis No. 28, was initially delivered to Michael Andretti, former IndyCar champion, owner of Andretti Autosport and son of renowned Formula One and Le Mans ace Mario Andretti.
The former racing driver reportedly owned the F1 for about two years before selling it to a Japanese collector. The vehicle eventually returned to the U.S. and spent ten years in California prior to being sold to its new British owner. According to Western Morning News, the firm commissioned to find an F1 for the British enthusiast spent no less than six months trying to source one.
Click past the jump to read more about the McLaren F1.
It’s a car that will more than likely just take up some space in someone’s garage, but it could still fetch millions at an auction the same way one of its contemporaries did just over a year ago.
The piece of automotive racing history that we’re talking about is the Gulf Team Davidoff McLaren F1 GTR Longtail, and should you have millions of dollars in your piggy bank, you’ll be happy to know that the car is headed to the upcoming Pebble Beach Auction in August 2012 in Carmel Valley, California.
Judging by the level of interest surrounding this car, the sky is really the limit on how much it’s going to go for at the auction. Combine that with the fact that a similar make and model was sold last year for $3.9 million, and you have a rare racing car that’s going to sell for a lot of zeroes.
This particular F1 GTR Longtail also happens to have an interesting history behind it. It was originally built as chassis number 027R, but ultimately ended up as a spare car - chassis 028R - after sustaining damage during one of its transports. In the end, the car wound racing in a number of racing events, highlighted by its participation during the 1997 FIA GT season.
Should you be interested in owning a true hard-to-find racer, you better break open that piggy bank because you’re going to have to pay a fortune for the chance to show off the car to your buddies.
Find out more about the 1997 Gulf McLaren F1 GTR ’028R’ Longtail after the jump.
Ayrton Senna won his last world driving championship in 1991, driving the McLaren MP4-6 with a Honda V-12 engine. Senna won seven of 16 races that year, a feat he’d never again duplicate. At the end of the 1991 season, McLaren tore down one of Senna’s MP4-6 cars and gave some of the parts to artist Jay Burridge, who in turn created a sculpture he describes as “the world’s largest Airfix (plastic model) kit.” The art will be offered for sale at an upcoming Coys Auction, to be held at Germany’s Nürburgring on August 13, 2011.
Whether you love or hate the idea of a historically significant race car being transformed into wall art, there’s no denying that the piece is unique and would be a stunning addition to anyone’s collection. Much of the car is missing, such as Senna’s seat and steering wheel, and the Honda V-12 engine is another glaring omission from the sculpture. Coys describes the piece as using “Ayrton Senna’s McLaren MP4-6 from his last season as world champion,” but it’s not clear on whether the chassis used in the display was Senna’s primary car or a backup car.
If you’re interested in bidding, be prepared to part with a significant amount of money to acquire this particular piece of sculpture. Thanks to the success of the Ayrton Senna biopic, “Senna,” any memorabilia relating to the Brazilian driver is in high demand. Pre-auction estimates have the sculpture selling between $50,000 and $80,000, but as anyone who’s ever attended an auction will tell you, there’s no limit in a bidding war.
Press release after the jump.
We’ve seen a lot of awesome cars being sold through Jameslist, so it really doesn’t surprise us to see a 1997 McLaren F1 that’s been put up for sale on the site.
There are very few cars in this planet that have had a lasting stay on our wishlists, but the McLaren F1 is certainly one of them. Sure, the chances of us actually owning one are remote at best, but that doesn’t mean one of you can’t fork up the money to buy it.
This particular McLaren F1 only has 6,711 miles on its odometer and it comes with all the original niceties, including a full tool kit in the rolling box, the McLaren Luggage collection, and even the McLaren watch that comes with the car’s very own Chassis Number, an important piece in the whole package to authenticate the supercar as the real deal. What’s more, all the necessary taxes have already been paid for – import and VAT – so you won’t need to worry about forking over that extra money to make the purchase.
The price of the car is available upon request so if you’re interested, you might want to hit these guys up.
The Pebble Beach Concours d’Elegance will be getting an impressive lineup of vehicles as part of the Pebble Beach Auctions on August 15, 2010. Gooding & Company, the Pebble Beach Concours d’Elegance’s official auction house, will have a 1947 Italian Championship-winning 1933 Alfa Romeo 8C 2300 Monza and a California-registered 1995 McLaren F1 on hand to auction off at the Pebble Beach Equestrian Center at 6pm that evening. Additional vehicles set to be auctioned include a 1937 Mercedes-Benz 540K, 1927 Mercedes-Benz S Boattail Speedster, 1961 Ferrari 250 GT SWB Berlinetta SEFAC Hot Rod, and a 1956 Maserati 200SI. If those aren’t enough then there is also a Gil Nickel’s 1951 Ferrari 340 America Spider, the 1958 Ferrari 250 GT Tour de France, the 1959 Ferrari 250 GT LWB California Spider Competizione, and the barn discovery 1933 Duesenberg SJ LWB Convertible.
The 1995 McLaren F1 being auctioned was originally sold to Larry Ellison who is the co-founder and CEO of Oracle. The McLaren is finished in Magnesium Silver, features a black interior, and is in the original factory-delivered form. It is one of the few McLaren supercars that is registered, titled, and certified for use in California. Gooding & Company thinks it can get between $2.5 - $3.5 Million for this supercar, so if you’re interested, be sure to come packing some serious cash.
McLaren’s 2012 MP4-12C is also set to make its North American launch at thePebble Beach Concours d’Elegance on Friday, August 13, 2010 at a private Gooding & Company event with the public viewing taking place on Saturday, August 14th and Sunday, August 15th.