A McLaren F1 from the ’90s was sold for over P1 billion

Talk about appreciation
by Vijay Pattni | Aug 19, 2019
PHOTO: TopGear.com.ph

That incredibly rare McLaren F1 LM that threatened to disrupt the global economy with an astronomical price has sold for… an astronomical price. $19.8m (a little over P1 billion), in fact. Admittedly a little off the estimated $23m, but still comfortably ahead of the last most valuable F1 ever sold ($15.62m). Woah.

RM Sotheby’s had the honor of auctioning off the car, and we’re told the crowd were “on their feet” as it drove onto the podium before it was sold. Not in some weird, chino-laden rave, but because royalty requires one to be upstanding.

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Four and half minutes was all it took to secure one of the rarest McLaren F1s—and thus one of the rarest cars—ever built. The buyer is a private collector who lives in the US, and will no doubt enjoy one of just two McLaren F1s upgraded by McLaren itself to LM spec.

What’s an LM spec? Le Mans spec. The F1 got a high downforce package that changed the car’s front air dam and added vents above the front wheels and a wing at the back, while the BMW 6.1-liter V12 was freed of its restriction and thus produced 680hp (the ‘regular’ McLaren F1 which nobody calls it runs 627hp).

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Along with the LM upgrades, a former owner sent the car back to McLaren’s UK base in 2000, commissioning better headlights, adjustable suspension, a radio, bespoke 18-inch wheels, and a repaint/retrim.

It spent some time in Singapore, and then New Zealand where entrepreneur and amateur racer Andrew Bagnell drove it at least once a month. And yet, it’s only showing 13,352 miles on the clock, meaning the new owner has a lot of F1 LM life left to enjoy.

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NOTE: This article first appeared on TopGear.com. Minor edits have been made.

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PHOTO: TopGear.com.ph
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