Wednesday, July 30, 2014

McLaren F1

    The McLaren F1 is a sports car designed and manufactured by McLaren AutomotiveOn 31 March 1998, it set the record for the world's fastest production car, reaching 231 mph (372 km/h) with the rev limiter enabled, and 240 mph (390 km/h) with the rev limiter removed. The car features numerous proprietary designs and technologies; it is lighter and has a more streamlined structure than many modern sports cars, despite having one seat more than most similar sports cars, with the driver's seat located in the centre (and slightly forward) of two passengers' seating positions, providing driver visibility superior to that of a conventional seating layout. In 1994, the British car magazine Autocar stated in a road test regarding the F1, "The McLaren F1 is the finest driving machine yet built for the public road." and that "The F1 will be remembered as one of the great events in the history of the car, and it may possibly be the fastest production road car the world will ever see." The past couple of McLaren F1s on whose sales we've reported traded hands for over $5 million apiece and we thought that was pretty spectacular, but this latest example consigned to Gooding & Company for its upcoming sale at Pebble Beach has an expected selling price of between $12 million and $14 million. Chassis No. 031, a 1995 model, is a bit of a rarity in that it's one of only a handful of McLaren F1s painted in white, and the only one in this particular shade of Marlboro White, adopting the color of the grand prix team's title sponsor at the time. It's had only three owners who've put barely over 1,000 miles on the odometer, starting in Japan, where it resided with collector Shin Okamoto for 15 years before he sold it to a collector in Chicago, who in turn sold it to its current owner who's putting it up for auction. The 27th example built, it's said to be in "highly original" condition, was extensively serviced at the McLaren factory as recently as 2008, and comes with all its original manuals, tools and fitted luggage.

Is all of that enough to make this 1995 McLaren F1 worth more than twice what they've been going for? If someone pays it, we suppose it will. But the McLaren isn't even the most expensive lot consigned for the auction. Little surprise, it'll have to compete with a number of much older Ferrari models for that honor: a 250 GT SWB California Spider is estimated to fetch $13-15 million, the estimate for a similar coupe has not even been released, and a rare three-seater 1966 Ferrari 365 P Berlinetta Speciale could go for over $20 million.

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