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Newsweek
5 days ago
- Automotive
- Newsweek
Historic McLaren F1 Road Car Auctioning For $23 Million
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A special Formula 1 McLaren car model is set to sell for $23 million at auction in August. The car's original owner was Larry Ellison, a billionaire who ranks among the wealthiest people in the world and is the co-founder of the software company Oracle. The McLaren F1 is powered by a naturally aspirated 6.1-liter V12 producing 627 horsepower and 479 pound-feet of torque. RM Sotheby's will sell the McLaren F1 through an auction. "Delivered to him in August 1997, Ellison kept his car for over a decade with 062 wearing a California vanity license plate "ORACLE8", logging less than 2,600 miles, before it was purchased by another car collector and resident of the San Francisco Bay Area via Ferrari Maserati of Silicon Valley in 2005," the auction listing read. The McLaren F1 at Salon Prive London, held at the Royal Chelsea Hospital. This is Salon Prive's third event held in London, with many manufactures unveiling their newest cars. The McLaren F1 at Salon Prive London, held at the Royal Chelsea Hospital. This is Salon Prive's third event held in London, with many manufactures unveiling their newest cars. Photo by"That second owner then sold it at auction in 2010 to its current, third owner, having been driven less than 3,500 miles from new by that point. "Remarkably, the car would stay in the San Francisco Bay Area with its new owner, making it likely the only F1 to have changed owners multiple never changing its immediate geographic location! "In March of this year, a detailed condition report was carried out by Kevin Hines, the aforementioned factory-authorized McLaren F1 technician based at McLaren Philadelphia. "This report (which is available for inspection to qualified bidders) summarized that "it is evident that this vehicle has been well cared for during its current and previous ownership, being in very good cosmetic and mechanical condition." The auction for the car will take place from August 13 to 16 at the RM Sotheby's Monterey event. McLaren F1 Car History The McLaren F1 remains a special car in the history of road cars. It was the first car in the world to achieve ground effect downforce. Gordon Murray, the renowned Formula 1 designer, created the car based on his engineering achievements in the sport. In the early 1990s, F1 cars utilized this "ground effect" to generate massive amounts of downforce. This technical development revolved around designing the floor and the underneath parts so that the car gets sucked to the ground. Murray joined the McLaren F1 team from 1987 to 1991 as the Technical Director. In those five seasons, the team won four consecutive Constructors' and Drivers' Championships. These McLaren cars were among the best in F1 history, driven by the legendary Alain Prost and Ayrton Senna. The designer transitioned from the sport to create a line of road cars that incorporate the advanced technology of the F1 cars. His first model was the McLaren F1, which debuted at the 1992 Monaco Grand Prix. For more F1 news, head on over to Newsweek Sports.
Newsweek
30-06-2025
- Automotive
- Newsweek
McLaren Icon's Multi-Million Dollar Car Collection Up For Sale
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The family of Mansour Ojjeh has stated their intention to sell a massive collection of McLaren cars collected by the famous car brand icon. The family chose high-end car dealer Tom Hartley Jnr to conduct the sale of 20 McLaren road cars that belong to the Formula 1 icon. The French businessman owned TAG (Techniques d'Avant Garde), which sponsored several sporting companies around the world. Ojjeh and TAG broke into F1 through the Williams racing team as a sponsor. In 1984, he made a move to buy a stake in McLaren and steered the company to seven Constructors' titles and ten Drivers' Championships. Mansour Ojjeh of Mclaren and Saudi Arabia with Zak Brown CEO of Mclaren and USA during the F1 Grand Prix of Bahrain at Bahrain International Circuit on March 31, 2019 in Bahrain, Bahrain. Mansour Ojjeh of Mclaren and Saudi Arabia with Zak Brown CEO of Mclaren and USA during the F1 Grand Prix of Bahrain at Bahrain International Circuit on March 31, 2019 in Bahrain, Bahrain. Photo by PeterWhile leading the organization to motorsport success, he also played a role in developing the brand as a whole. He created McLaren Automotive and McLaren Applied Technologies — pushing the car manufacturer forward into the future. Ojjeh died in 2021, leaving his family in control of his remaining assets, including the car collection. His wife, Kathy Ojjeh, released a statement about the decision to sell the cars: "Parting with this very personal collection is not easy, but it is time for it to go to its new custodian, one who truly 'gets it' and will cherish owning and caring for it the way Mansour did," she said. The collection's most poignant car is the McLaren F1 road car, which was the first road-going series model produced by the car brand. The McLaren F1 at Salon Prive London, held at the Royal Chelsea Hospital. This is Salon Prive's third event held in London, with many manufactures unveiling their newest cars. The McLaren F1 at Salon Prive London, held at the Royal Chelsea Hospital. This is Salon Prive's third event held in London, with many manufactures unveiling their newest cars. Photo byOther McLaren models featured in the collection include the Speedtail, P1, Senna, Elva, Sabre, and Le Mans editions. The Sabre model is the last of the 16 produced, making it extremely rare. Other than the F1 and P1 models, the rest of the collection remains in factory condition through maintenance by McLaren. "Mansour was a founding father of McLaren as we know it today," the current-day McLaren Racing CEO Zak Brown said about the collection. "A massively passionate racer and automotive enthusiast and no bigger fan of McLaren. His collection is very special, I'm not aware of anything else that compares with it." All 20 cars are branded with a signature color named Yquem, which was later renamed Mansour Orange by McLaren. It is a custom hue reserved only for cars owned by Ojjeh. Tom Hartley sold Bernie Ecclestone's collection of 69 historic racing Formula 1 cars earlier this year for more than $500 million and serves as a major car dealer based in England. More F1 news: How Lewis Hamilton Made the F1 Movie Production More Expensive For more F1 news, head on over to Newsweek Sports.
