It did not meet the reserved price the last time it was auctioned.
The internet-famous McLaren P1 that was flood damaged by Hurricane Ian in September Is back on the auction block after a winning bid of $400,000 was rejected at its last auction outing.
The owner of this unique hypercar lost it to the category four hurricane just one week after buying it. Owner Ernie purchased the car a few days before the natural disaster hit parts of Florida. This car, number 348 of 375 units ever built, would have been valued closer to $2 million if it was still in working condition.
Numerous images on the internet showed the vehicle afloat in seawater, which made its way into the engine bay and cabin, destroying many of the delicate materials and electronic parts that make this exotic so great in the first place.
Hurricane Ian caused millions of dollars of damage to vehicles and car collections across the state, and exotic sports cars were not left out of its path of destruction.
This special McLaren P1 was salvaged from its watery grave, and ownership was transferred to an insurance company that listed the car for $800,000 on auction, with a $450,000 reserve price.
The car came close to making its reserved price and was marked as sold by Copart, but the sale fell through, and the vehicle has now been relisted and will be available until December 16.
It will be interesting to see what the new owner decides to do with this complex hybrid supercar. As some on YouTube have noted, the car was damaged by corrosive salt water, which would have serious negative consequences for the car's intricate electronics system and finely calibrated gas engine.
Those looking to restore the car to its former glory might be in luck, as McLaren recently announced an upgraded battery for this car, but finding other salvage parts might be difficult, as there aren't many crashed McLaren P1 bits lying around. Some have suggested fitting the powertrain from a non-hybrid model such as the 720S or the Artura, but this will definitely decrease the car's value.
The McLaren P1, which sold for nearly $1.4 million when it was first released in 2013, took the supercar world by storm. This was one of the first hybrid hypercars around and battled it out with the Ferrari LaFerrari and Porsche 918 Spyder. This car is powered by a finely-tuned twin-turbo 3.8-liter V8 engine combined with an electric powertrain and produces a combined 902 horsepower. This allows the P1 to accelerate to 60 mph in 2.8 seconds and top out at 217 mph.
The current bid is sitting at $259,000, but whatever the new owner decides to do with the water-damaged P1, it will always be one seriously expensive piece of metal and carbon fiber.