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USA: Five million dollar McLaren F1 worth more than its weight in gold00:58

USA: Five million dollar McLaren F1 worth more than its weight in gold

United States, Scottsdale
January 19, 2014 at 02:35 GMT +00:00 · Published

USA: Five million dollar McLaren F1 worth more than its weight in gold

An ultra-rare McLaren F1 GTR Longtail went up for auction and sold for €3,900,000 ($5,280,000) in Scottsdale, Arizona on Saturday. Since the cars weigh just over 1,100kg, the sale price represents around six times the car's weight in gold.

McLaren manufactured just 106 of the vehicles, with only 10 featuring the Longtail body design. Rebuilt to a racing spec, the care racked up numerous victories during the 1997 racing season wearing the Fina livery. The suspension on the GTR Longtail was upgraded, additional components were replaced with carbon fibre versions to cut weight, Brembo carbon disc brakes were installed and the entire electronic system ripped and replaced. The eventual owner will not be able to drive his prize home, since the car is far from street legal.

Speaking at the event, Paul Hageman, a specialist for Gooding & Company, the automotive auction house in which the car was sold, said it is "absolutely one of a kind," with a "unique history amongst the Long tails" and "arguably the best example in existence."

A similar production-series McLaren F1 car sold for €6.26 million ($8.47 million) at Gooding and Co's annual auction in 2013.

USA: Five million dollar McLaren F1 worth more than its weight in gold00:58
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USA: Five million dollar McLaren F1 worth more than its weight in gold

An ultra-rare McLaren F1 GTR Longtail went up for auction and sold for €3,900,000 ($5,280,000) in Scottsdale, Arizona on Saturday. Since the cars weigh just over 1,100kg, the sale price represents around six times the car's weight in gold.

McLaren manufactured just 106 of the vehicles, with only 10 featuring the Longtail body design. Rebuilt to a racing spec, the care racked up numerous victories during the 1997 racing season wearing the Fina livery. The suspension on the GTR Longtail was upgraded, additional components were replaced with carbon fibre versions to cut weight, Brembo carbon disc brakes were installed and the entire electronic system ripped and replaced. The eventual owner will not be able to drive his prize home, since the car is far from street legal.

Speaking at the event, Paul Hageman, a specialist for Gooding & Company, the automotive auction house in which the car was sold, said it is "absolutely one of a kind," with a "unique history amongst the Long tails" and "arguably the best example in existence."

A similar production-series McLaren F1 car sold for €6.26 million ($8.47 million) at Gooding and Co's annual auction in 2013.