McLaren F1s are now worth £16million | Top Gear
Advertisement
BBC TopGear
BBC TopGear
Advertisement feature

The full story of audi's 2023 dakar rally

View the latest news
Tuesday 31st January
Supercars

McLaren F1s are now worth £16million

Gordon Murray’s masterpiece has increased in value by almost 1,000 percent since 2008

Published: 06 Aug 2020
 comments

Most Nineties supercars are worth more now than they were when they were new. Substantially more, in some cases. But none has skyrocketed in value quite like the McLaren F1.

Back in 1992 a brand-new McLaren F1 cost £540,000. According to the Bank of England, that’s a little over £1.1million in 2020 money. Which is pretty good value considering what today’s crop of hypercars is going for. Hagerty, an insurance broker that specialises in collector cars, says that until about 2006 F1s were changing hands for around the original asking price.

Advertisement - Page continues below

But by the end of 2008 prices had trebled to around £1.5million. By 2014 F1s were worth £5million. In 2015 Rowan Atkinson sold his car, which he’d crashed twice, for £8million, then in 2017 Chassis #044 made just under £12million at auction. The buyer? Lewis Hamilton, allegedly.

Today Hagerty puts the value of a ‘normal’ McLaren F1 at around £16million, though especially, erm, special ones would no doubt fetch even more.

While soaring values are great news for the owners who bought their cars to park up among other supercars and gather dust, it’s not so great for the owners who want to drive and enjoy them. Owners like…Gordon Murray, who recently sold his F1 (XP3 – the oldest surviving McLaren F1).

“It became a little untenable to own,” Murray told Top Gear. “Before [they were worth many millions] I used to take people for a drive on a Sunday morning. Wet roads, slide the rear around. When it’s worth that much, you think twice about backing it into a tree.

Advertisement - Page continues below

“It just got to a point where I wasn’t using it, and I love using everything I’ve got.”

An astonishing sum of money for an astonishing car.

Top Gear
Newsletter

Get all the latest news, reviews and exclusives, direct to your inbox.

More from Top Gear

Loading
See more on McLaren

Promoted Content

Subscribe to the Top Gear Newsletter

Get all the latest news, reviews and exclusives, direct to your inbox.

By clicking subscribe, you agree to receive news, promotions and offers by email from Top Gear and BBC Studios. Your information will be used in accordance with our privacy policy.

BBC TopGear

Subscribe to BBC Top Gear Magazine

Save 50% on a year - just £32.99
subscribe