Andrei Diomidov/RM Sotheby’s
- A 1994 McLaren F1 with LM-specifications sold for $19.8 million on Saturday at the Monterey Car Auctions with RM Sotheby’s.
- Another McLaren F1 — the only other one also modified by McLaren post-production to meet LM-specifications — was also auctioned with RM Sotheby’s in 2015. It went for $13.75 million.
- Visit Business Insider’s homepage for more stories.
Monterey Car Week is a time for the wealthy and their wheels, and this year’s auctions was no exception.
A 1994 McLaren F1 with LM specifications, which was estimated to auction between $21 million to $23 million, was the highest-priced car to be auctioned this year. It ended up auctioning for $19.8 million, making it both the most expensive McLaren ever sold at an auction, according to The Drive, and the most expensive car sold this year at auction.
It is one of only two F1s that were modified post-production to LM specifications. The second one, a 1998 model, was auctioned in 2015 and went for $13.75 million.
Last year’s most expensive car at the Monterey auctions was a 1962 Ferrari GTO 250 that went for a record-breaking $48.4 million dollars.
Only 64 of the 106 McLaren F1s built were road cars, according to RM Sotheby’s, the auction house in charge of the supercar. This specific build, however, includes a GTR-racing engine that gives the car its 680-horsepower, according to Robb Report. Its also what gave McLaren its multiple race wins, including the 1995 24 Hours of Le Mans.
Take a closer look at the most expensive car auctioned off at Monterey this year.
The car is one of only two examples that were modified by McLaren Special Operations to fit LM-specification after being produced. his F1 also has an unrestricted GTR-racing engine and an additional Extra-High Downforce Package. The additional work took the McLaren factory two years and included a respray, new steering wheel, modified exhaust system, and 18-inch wheels, according to Motor Authority.
Andrei Diomidov/RM Sotheby’s
Source: Motor Authority.
The F1 GTR won the 1995 24 Hours of Le Mans and three consecutive BPR Championships from 1995 to 1997. Following these wins, McLaren created the road-capable F1 LM.
Andrei Diomidov/RM Sotheby’s
The F1 has a three-seat configuration with the driver in the center position.
Andrei Diomidov/RM Sotheby’s
See the rest of the story at Business Insider
See Also:
- See the rare vintage car some call the ‘world’s first Porsche’ that failed to sell at all due to an auction mishap
- Watch a controversial $20 million ‘Porsche’ fail to sell in a huge auction mishap
- See the super-rare 30 most-expensive cars up for auction at Monterey including vintage Ferraris, Porsches, and Aston Martins
Source: Business Insider – bchang@businessinsider.com (Brittany Chang)