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McLaren F1 brings $4 million price tag at auction

 
2 24,497 views Oct 30, 2008

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McLaren builds about 100 cars per year but the introduction of new models could boost this to 4,000 annually

McLaren builds about 100 cars per year but the introduction of new models could boost this to 4,000 annually

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The McLaren F1 was to the 1990s what the Bugatti Veyron is to today - a super-expensive limited volume hypercar that at one time was the world's fastest production car. Last night, an 11-year-old example proved that despite an intervening decade, the McLaren is not only still in high demand but also a strong investment, garnering a £2.5 million (approx. $4 million) sale price at auction in London.

That might seem an extraordinary price, and it is - about $1.75 million more than its appraised value. As an ex-showroom car with just 270mi (434km) on the odometer, the McLaren F1 was still dubbed a fair investment given the tough economy, since it was essentially the very last new example of the car - despite its 1997 vintage, reports AutoTelegraaf.

Auctioned off by RM Auctions, the F1 was joined by over 100 other classic and collector cars for sale, but few managed to bring their expected price, and 30% of the cars didn't even find a buyer, including a short wheel base 250GT California Spyder used by Cameron Diaz in a Charlie's Angels film.


McLaren's legacy isn't entirely in the past, however. It is reported to be working on a range of cars, including a next-generation F1-successor, a mid-range GT and a relatively affordable sports car. For more information about these upcoming vehicles, read our previous coverage.

McLaren F1

HI-RES GALLERY: f1&hawk




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Comments (2)

  1. ma_www.mywheelsonwalls.com avatar www.mywheelsonwalls.com Posted: 10/30/2008 12:53pm PDT

    Lets face it, this is a car with nothing more that delivery miles on it so the price fetched for what is the Mona Lisa of super cars is not that far off the mark.

    The new owner is now faced with the dilemma of parking it or enjoying it as intended!

    In regards to parking it I would suspect that this is probably the least driven example out there and to some thats all the more reason to keep it that way.

    Not my logic but then again I dont have $4 million burning a hole in my pocket!!
     
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  2. ma_mburleigh8 avatar mburleigh8 Posted: 11/10/2008 9:06pm PST

    Wow,I love the McClarin F1 No other car can compair.
    there will be faster and more advanced cars, but It will be almost imposible for anyone to build a car with more sex appeal.
     
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