Over the weekend, Monterey Car Week’s annual auction held by Gooding & Company saw a record-smashing transaction for a pristine 1995 McLaren F1.
A highlight of the show, chassis 029 was expected to sell for no less than US$15 million, but an anonymous buyer snapped the vehicle up on Friday for $US20.47 million, beating a previous record of US$19.8 million in 2019 for an LM-spec variant.
In its history, it’s noted that it was the 25th of 64 road cars from this production run, stated by the auction house. Its exterior boasts a beautifully maintained Creighton Brown paint job, which is unique; no other F1 car shares the same shade. Contrasted by a light brown and tan interior, it’s described to be in an “exceptional” time capsule condition.
First sold to a collector in Japan, and owned by two others later, the car remains in an “as delivered” state. This indicates that it hasn’t sustained any changes since it left the factory. Its total mileage thus far? Just 240 miles.
The F1 is widely heralded as the first hypercar. Only 106 were made between 1992 and 1998, making them some of the world’s most valuable vehicles, according to Robb Report.
This comes after a report by the CNBC detailing that despite the economic struggles the world has seen from the pandemic, the classical car market still remains sturdy. It’s also reported that at this year’s auctions, business was up by 34% in comparison with 2019, the latest Monterey Car Week.