Tuesday, August 29, 2017

McLaren F1; 25 years old and going strong

It has been 25 years since the debut of the legendary McLaren F1, a car which not only stood as the world's fastest car for years, but which also was converted to race trim and won the 24 Hours of Le Mans.

Over a period of six years, including race cars, only 106 McLaren F1s were ever built. That rarity and iconic status mean they command a king's ransom.
In 2015, a McLaren F1 belonging to comedian Rowan Atkinson sold for $12 million even though it had been destroyed and rebuilt twice. Later, a converted LM spec F1 sold for $13.7 million at auction. The price tag was $810,000 in 1992.
Today, classic F1s are worth something around $9m.
Power for the F1 came from a naturally aspirated 6.1-liter BMW V12. In the standard road car, the engine produced 627 horsepower. In 1998, a five-year-old McLaren F1 prototype reached 243 mph, becoming the fastest car in the world.

The record would stand for a decade.

A 1995 McLaren F1 changed hands at Monterey this year for a record $15,620,000. The original owner of the very first 1995 McLaren F1 in the United States parted with his icon.

$15.62m is the most anyone has ever paid for a McLaren with the previous record belonging to a 1998 F1 LM-Specification that sold for $13.75 million in Monterey in 2015.