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Have McLaren F1 values topped out?

The McLaren F1 was a game-changer when it came out in the early 1990s, and it's still widely regarded as one of the finest supercars ever made. It's little wonder that values have been climbing in recent years. The question for collectors is now: Will prices keep rising, or have they reached their zenith? As recently as 2006, you could pick one up for less than $1 million: the database at classic car insurance firm Hagerty shows that an example in fair condition 10 years ago was worth around $700,000, while a top-notch, concours-ready specimen was valued at about $1.15 million. That seemed like a lot at the time, but just two years later, that range had skyrocketed to between $2.3 million and $3 million. Suddenly those 2006 prices seemed like a smart investment in hindsight, but after that initial jump, they stayed around that level for several more years before things started getting crazy. "Buyers over the last several years have been end users as opposed to speculators and they routinely drive and enjoy the cars." – Jonathan Klinger, Hagerty By the start of 2013, values had jumped to between $4.1 and 5.3 million. By the end of that year, they were up to between $6.5 and 8.9 million. And by the end of 2014, they had reached $7.9 million for one in fair condition, and over $10 million for a pristine example. But then things leveled out again. "Values have risen quickly," notes Jonathan Klinger, vice president at Hagerty, "but it isn't a bubble situation. Buyers over the last several years have been end users as opposed to speculators and they routinely drive and enjoy the cars." Sports Car Market records that the last F1 to change hands at auction was a 1998 model that RM Sotheby's sold for $13.75 million as part of the Pinnacle Portfolio in Monterey last summer. But that example had the rare best-of-both-worlds combination of the LM performance upgrades with the road-spec interior to make it stand out above the rest. Gooding & Company sold another F1 over the same weekend in 2013 for $8.47 million, but a year later, a seller refused a high bid of $10.75 million for a mint-condition example. "For the time being, we see a very stable market for F1s," says David Brynan, senior specialist at Gooding.

Best of 2016 | The List

The List hosts Jessi and Patrick spent all of 2016 checking awesome adventures off their automotive bucket list, from escaping a car dangling off a cliff, to taking part in The Great Race road rally. In total, our hosts checked 12 challenges off Autoblog's list of "1,001 car things to do before you die," taking them on travels across the United States and the United Kingdom. Check out some highlights from the season as our hosts drive everything from the super modern to the refreshingly classic, and even take their lives into their own hands all for the sake of completing the ultimate car enthusiast's bucket list. As we look ahead to 2017, be sure to send us your automotive bucket list items. Who knows, maybe your submission will inspire Jessi and Patrick's next escapade. Click here to find more episodes of The List Click here to learn more about our hosts, Jessi and Patrick Aston Martin Bentley Land Rover McLaren The List Videos

McLaren uses 720S prototype to test three-seat layout of BP23

McLaren is continuing development of the BP23 hypercar and today released new images highlighting its work on the three-seat interior. The company is testing the layout on a mule based on the 720S, as McLaren refines the interior configuration. McLaren says it is also considering digital mirror technology for the cabin. As expected, the company confirmed the BP23 will be the fastest McLaren ever. A spokesperson wouldn't provide specifics but said the claim will not be based on lap times. Information about the BP23 has been filtering out this year. BP23 is a codename, with 2 meaning it's McLaren Special Operations' second "bespoke project" and 3 meaning that it will seat three. The hypercar will have a hybrid powertrain, and it is the successor to the legendary F1. McLaren will build 106 BP23s (or whatever its final name ends up being), though it has received demand for three times that many. That's also the number of F1s that were built from 1992 to 1998. We expect BP23 production to start in 2019, and the car will cost around $2.5 million. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery McLaren BP23 Image Credit: McLaren Green McLaren Coupe Future Vehicles Hybrid Luxury Performance mclaren 720s mclaren bp23