Our Past Masters page in a November 2010 issue of How To Spend It focused on McLaren’s rare and exotic F1 supercar of the 1990s, at which time we highlighted the fact that values had risen from an original selling price of around £540,000 to close to £2m – and probably still had a way to go.
That theory has now been thoroughly proven following the sale of comedian Rowan Atkinson’s twice-crashed 1997 example last June for a reported £8m, and that of a 1998 car at an RM Sotheby’s auction in California a few months later for $13.7m.
Although those cars were offered in quick succession, F1s rarely appear on the market (only 64 road cars were built) because owners are generally keen to hold on to them, enjoy them and watch them rise in value.
As a result, considerable interest is expected for one of the very last to be built, which is being brokered by McLaren Special Operations (MSO) with just 2,800 miles on the clock.
Dating from 1998, when only six F1s were completed, the car is finished in “Carbon Black” and comes complete with its bespoke luggage set, lightweight, boxed toolkit, the literature with which it was supplied and even its original limited-edition Tag Heuer McLaren F1 owner’s watch engraved with the car’s 69 chassis number.
The F1 – famous for its three-seater configuration with central driving position, pioneering carbon-fibre chassis and gold foil-lined engine bay – still holds the record for the fastest normally aspirated production road car at 242.8mph, despite the last one having been built 18 years ago.
MSO is listing the UK-registered car as “price on application” – but, due to its low mileage, originality, concourse condition and sound provenance, it is likely to carry a price tag north of £10m.