Could a new record price be set?
Only 106 McLaren F1s were made, including road cars and race cars. Needless to say, each and every single one of them are rare and worth millions. But some are more equal than others. This is one of them. This 1994 McLaren F1 "LM-Specification” is set to cross the auction block next month at Pebble Beach and it’s estimated to fetch between $21 million and $23 million. So why is this particular F1 so special? McLaren F1 chassis no. 018, originally built in 1994, is one of just two F1s modified by McLaren into "LM Specification.”
This car was originally painted Midnight Blue Pearl over a black interior but its second owner shipped it back to the Surrey factory in 2000 to commission the LM specifications, including the current shade of Platinum Silver Metallic. Its 6.1-liter V12 was upgraded to the unrestricted 680 horsepower GTR spec. The standard F1 has 627 hp.
Because of the extra output, the two examples were fitted with additional downforce components, appropriately called the "Extra-High Downforce Kit,” including a massive rear wing, revised front end, and special side air vents. A few other additions include race-spec dampers and springs, 18-inch GTR wheels, an extra two radiators, and a modified exhaust system.
The interior, which was re-trimmed with cream leather by beige and brown Alcantara, also has creature comforts like air conditioning and a CD player/radio. It also received a new 14-inch steering wheel. Despite originally leaving the McLaren factory in 1994, F1 018 only has 13,352 miles on its clock and has returned to McLaren Special Operations for maintenance several times.
It has been located in New Zealand since 2007 with its current owner Andrew Bagnall, who was featured in a 2017 McLaren video, which we have included. For whatever reason(s), he decided it was time to sell. Also back in 2017 was the last public auction of a McLaren F1, which coincidentally took place at Pebble Beach. Chassis no. 044 sold for a then record-setting $15.62 million, and McLaren F1s have continued to increase in value. Don’t be surprised to see this ultra-rare McLaren F1 LM exceed the auction house’s price estimates. A $25 million final price would not come as a surprise. Photos courtesy of Andrei Diomidov/RM Auctions