05 Nov 08 McLaren F1 Supercar sells for $4.1 million at London Auction
The McLaren F1 supercar proved to be one of the most extravagant and prized car as it was sold at $4.1
million in a London auction Automobiles of London organized by RM and Sotheby.
The auction is considered to be a world record with the car’s expected price doubling by the end of the bidding. The sale of the McLaren F1 supercar had the spotlights during the auction which lasted for 7 hours. The auction featured a great collection of must have cars to a crowd in the standing only bidding room.
Among other cars that wowed the crowd were a 1959 Ferrari 250 Tour de France which was sold for $3.6 million. Another Ferrari, the 1965 250 LM Berlinetta had the same final price.
A Horch 853 Special Roadster manufactured in 1938 was tagged at $1.8. A $1.1 sticker was posted for a 1938 Bugatti Type 57C Atalante. Falling short of estimates was a 1963 Ferrari 250 GT SWB California Spyder which peaked at $4.2 million which was below the $4.8 million expected worth.
Organizers of the event disclosed that the values of the cars sold may set a new standard how cars are appreciated by a very discerning market. The McLaren F1 Supercar proved that great cars can be obtained by people who can spare some for great prices.
The RM and Sotheby auction was able to sell around 85 cars of the 120 striking automobiles. The pricey cars sold are very wise investments for the buyers considering the current instability of economy and market.
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