Sunday, November 2, 2008

RICH YUNG REPORT: 1997 McLaren F1 supercar sold for $4 million.

A new world record was set in London At the latest RM Auctions event held on October 29 when a beautiful and rare British-made 1997 McLaren F1 supercar sold for $4 million.

One of only 75 examples made, the car on offer more than doubled its pre-sale estimate to the astonishment of observers who conjectured world economic factors might dampen bidders’ enthusiasm.

One of the first carbon fiber-bodied production cars, the F1 was the fastest street legal production car in the world for over a decade, the longest period the record has been held by any street legal or production car in the history of automobiles. The McLaren F1 is powered by a 6.1-litre four overhead camshaft, 48-valve V12 engine that outputs 627bhp and is coupled with a six-speed manual gearbox.