26 Jul How Much Will This McLaren F1 Sell For?
The McLaren F1 is the ultimate road car and next month another one of the 64 examples is heading to the auction block at Pebble Beach. I’ve written about the F1 before and it continues to be one of the most iconic and most unique driving experiences of the last century. The car just turned 25 years old and its values are skyrocketing faster than any other modern car.
In case you don’t know the stats, it has a BMW sourced V12 that produces 627 hp to hit a top speed of 231 mph. This made it the fastest production car in the world at that time. In fact it held on to this crown until the Bugatti Veyron topped it in 2007. The 0-60 time is just 3.2 seconds. The car is a three seater and the driver sits directly in the center of the car. Everyone who has either driven or owned an F1 has praised the experience, as it is unlike anything else.
Because only 64 road cars were made, each one is incredibly valuable. Hagerty is a company that insures exotic and collectible cars. They are experts when it comes to what these vehicles are worth. I checked into the value of a top level McLaren F1 like this one and they estimate it to be worth around $14.5 million. It’s important to note the original price was around $815,000. Hagerty’s 2012 estimate is at $4.5 million. You can see the value has gone up by $10 million in the last five years, which is very impressive!
The particular model up for sale next month only has 9,600 miles on it and half of those were for a European tour the owner took in the car immediately after taking delivery from the factory in 1996. Here’s a few other notes from the Bonhams auction listing:
“McLaren F1 chassis number 044 being offered today, is one of the 64 hallowed legends. This exquisitely maintained, single-owner McLaren F1 was the very first of its type to be imported to the United States, and it was the first of only 7 McLarens to be federalized by experts in the process – Ameritech. As a result of the federalization, 044 is a U.S. road legal car.
“…it has been the crown jewel of his East Coast based collection for the past 22 years. All of the Ametitech conversion items have been carefully removed from the vehicle, leaving it in its original, as delivered specification. Every item that was used to federalize the car has been saved and accompanies the sale.
“Throughout the car’s life, it has been regularly maintained and serviced by BMW North America LLC at the National Workshop-East. In May 2002, with only 7,071 miles on the odometer, 044 received a major service which among many other things, included the replacement of its fuel cell. In October 2009, less than 2,000 miles later, 044 was brought back to BMW for its second major service where at 8,731 miles, the car received its second fuel cell replacement. In July 2017, prior to arriving in California, 044 was sent to McLaren of Philadelphia, where it has once again received a fresh service – the details of the most recent service, as well as all prior services, will be included in the car’s extensive list of maintenance records.
“Accompanying the sale of 044 is its complete tool kit, including the modem used to connect to the factory, full luggage set, special Limited Edition of Doug Nye’s opus, Driving Ambition: The Complete Story of the McLaren F1, the F1 AUTO GLYM detailing kit, complete tool roll, mechanics gloves, detailing cloth, car cover, watch, owners books and manuals, a wide assortment of factory documents and materials, and major, original, components that were removed from the car during services such as the fuel cell and tires.”
I’m really curious to see if this vehicle sells for close to the $20 million mark. I think it’s certainly worth it. There simply is no other car like it and it’s very likely nothing else will ever be made like it. The lack of things like ABS and traction control gives it such a raw experience and at the same time it’s one if not the most iconic car of the 1990s. On top of that only 64 road cars were ever made and you have a recipe for skyrocketing values. It’s a mechanical marvel and rolling art at the same time.
Photos/Video Courtesy: Bonhams Auction