1997 McLaren F1 Could Break Records… But Not for Speed

A 30-year-old F1 with fewer than 6,500 miles is set to be auctioned in Monterey, potentially exceeding $23 million in value.

A Legend in Exceptional Condition

The McLaren F1, one of the most iconic supercars in history, celebrates 30 years since its 1992 launch. This 1997 model, originally owned by Oracle CEO Larry Ellison, has traveled less than 6,500 miles and has been meticulously maintained by its three owners. RM Sotheby’s will auction it during Monterey Car Week, with an estimated price that could surpass $23 million, making it one of the most expensive F1s ever sold.

McLaren Special Operations Upgrades

Chassis 062 features several McLaren Special Operations (MSO) upgrades, including a sports exhaust, an improved air conditioning system, enhanced radiators, and an aluminum fuel tank. In October 2023, it received a comprehensive service, including a rebuilt transmission, new spark plugs, and four new tires on its original magnesium wheels, ensuring it is in perfect collectible condition for its upcoming historic auction.

An Impeccable BMW V12

Under the hood, the F1 houses its 6.1-liter BMW V12, surrounded by a gold-plated engine bay restored by McLaren Philadelphia. With a black leather interior and magnesium silver exterior, this example perfectly blends design, engineering, and exclusivity, maintaining the spirit of a car that defined the 1990s supercar era.

A Car Almost Untouched

Ellison drove the car only 2,600 miles before selling it in 2005, and the second owner covered just 1,000 miles before the current owner acquired it in 2010. It has remained in California ever since, preserving its exceptional condition. With such low mileage, this F1 stands as an extreme collectible, where historical significance and rarity outweigh speed and performance.

A Historic Auction in Monterey

With the auction set for Monterey Car Week, all eyes will be on this McLaren F1. Its combination of history, exclusive upgrades, and minimal mileage makes it a strong contender to break auction records, reminding enthusiasts that sometimes a car’s true speed is measured in its value and legacy, rather than on the track.