Owner of $20M McLaren F1 Selling After Driving Only 14 Miles

McLaren F1 fetches $20 million at Pebble Beach, new owner drives only 13 miles in three years.

An ultra-low mileage McLaren F1 is once again up for sale, offering a rare opportunity for collectors.

The 1995 McLaren F1, with an uncommon color of Creighton Brown, was auctioned off at Pebble Beach car week in 2021 for a staggering $20,465,000. Fast forward almost three years, it has resurfaced on the market once more. Surprisingly, the current owner has hardly taken it out for a spin.

When it was sold by Gooding & Company in 2021, the odometer of this F1 showed 387 kilometers, approximately equal to 240.5 miles. It exceeded its estimated value of $15 million, becoming one of the priciest vehicles sold that year and setting a record as the costliest car ever auctioned by Gooding & Company during car week.

In the almost three years following that purchase, whoever bought this F1 has barely used it. A new auction for the car, scheduled to take place via Sotheby’s Sealed on May 13, discloses that F1 chassis number 029 now displays 410 kilometers, or 254.8 miles, on the odometer. This indicates that the new owner only added 14 miles to the odometer in three years of owning the car, averaging less than five miles per year. Quite unfortunate.

It is easy to see why an individual with a strong attachment to this McLaren would prefer to maintain a low mileage. Out of the 64 road cars produced, this particular one has one of the lowest mileages ever recorded, making it highly sought after by collectors. RM Sotheby’s predicts that the value of F1s has been increasing by around $1 million annually, so additional mileage could potentially diminish these returns.

If you have the financial means to purchase a McLaren F1 for more than $20 million, it would definitely be worthwhile to endure a slight decrease in value in exchange for the pleasure of actually driving it. Regarded as the ultimate driver’s vehicle, the F1 holds the title of being the best car to drive, so why invest in one if you never have the opportunity to take it for a spin?

It is probable that this car has been stored in garages with climate control for most of its existence, and that is truly unfortunate. The new buyer will now have the opportunity to alter this situation. This car is anticipated to be purchased for more than $20 million in an online auction, but since it is being auctioned off through Sotheby’s Sealed, the final selling price will not be disclosed to the public.

No matter the cost, it is probably a worthy investment. We simply wish that the recipient will savor this F1 experience as it was intended to be savored.