Home / Auto News / News article: 1995 McLaren F1 On The Auction Block at Pebble Beach
 |  Aug 03 2010, 5:54 PM

Fifteen years old is a rough age for a car. Most cars are just about bottomed out in terms of value around this age, even such “normal” supercars as the Ferrari F50, First-gen Zonda, and Lamborghini Diablo, all of which can be had for around half of their original asking prices. But what about the McLaren F1? The former record-holder for the fastest production car in the world doesn’t go down in value without a fight. In fact, it doesn’t go down in value at all. This particular example, #62, was purchased new in California by Oracle CEO Larry Ellison, for the paltry sum of $1.4 million. Fifteen years later, when Gooding and Co. puts the F1 on the auction block at Pebble Beach (that’s 2 weeks, people), this F1 is expected to draw between $2.5 and $3.5 Million.

This doesn’t surprise us at all, since the F1 is pretty much right at the top of every car guy’s list of dream cars. But with only 74 roadgoing examples ever produced, the odds of seeing one in person, let along driving or owning one, are hovering between “snowball’s chance in hell” and “peace in the middle east.” Demand will forever outweigh supply for a car like this, and they change hands so rarely, it almost always makes news when an F1 finds a new home. Hit the jump to check out the official press release and some high-resolution images of Larry Ellison’s McLaren F1.

Gooding & Company, the official auction house of the esteemed Pebble Beach Concours d’Elegance, is thrilled to announce two exceptional collector supercars that will be offered at its upcoming Pebble Beach Auctions. The 1947 Italian Championship-winning 1933 Alfa Romeo 8C 2300 Monza and a California-registered 1995 McLaren F1 will proudly drive over Gooding & Company’s auction stage as premier offerings at the Sunday Auction on August 15, 2010, which commences at 6 p.m. at the Pebble Beach Equestrian Center. An additional point of excitement includes McLaren’s North American launch of the 2012 MP4-12C with the unveiling taking place at a private Gooding & Company event on Friday evening. The new 12C will also be on display for public viewing on Saturday and Sunday at the Pebble Beach Concours d’Elegance Concept Car Lawn.

“We have more consignors and exceptional cars from around the world than ever before,” says David Gooding, President and founder of Gooding & Company. “The diversity and quality of our cars this year is the best we have ever presented at Pebble Beach.”

The 1933 Alfa Romeo 8C 2300 Monza and 1995 McLaren F1 join a long list of sparkling consignments for Gooding & Company’s Sunday Auction, which also includes the 1937 Mercedes-Benz 540K, 1927 Mercedes-Benz S Boattail Speedster, 1961 Ferrari 250 GT SWB Berlinetta SEFAC Hot Rod and 1956 Maserati 200SI. Additional Saturday Auction highlights include Gil Nickel’s 1951 Ferrari 340 America Spider, the 1958 Ferrari 250 GT Tour de France, the 1959 Ferrari 250 GT LWB California Spider Competizione and the barn discovery 1933 Duesenberg SJ LWB Convertible.

The 1995 McLaren F1, Chassis No. 062, A Rare California Registered F1

Enthusiasts the world over recognize McLaren’s F1 as a prime example of automotive excellence. The 1995 McLaren F1 car being offered was sold new to Larry Ellison, the co-founder and CEO of Oracle, who is also a major financier of the BMW Oracle Racing team. An elite car by many standards, it is one of a few McLaren supercars registered, titled and certified for use in California. Finished in Magnesium Silver over a black interior, this car is in original factory-delivered form and will arrive at auction complete with the factory-delivered luggage and tools. Gooding & Company’s estimate for this car is between $2.5 – $3.5 Million.