Who would have thought the McLaren F1 is now nearly 30-years old. First released back in 1992, it technically changed the rulebook on how a supercar should be. Powered by a BMW-developed 6.1-liter V12 that churns out 627 PS and 650 Nm of torque, it can go from 0 - 100 km/h in 3.4 seconds, as well as hit a top speed of 372 km/h.

For several years, the F1 was the fastest road car in the world. It held on to that title until 2005 when it was beaten by the Bugatti Veyron, which reached 431 km/h. Despite that, the F1 continues to be a highly sought-after collectible by enthusiasts around the world. 

This McLaren F1 was just sold for USD 20.465 million image

Over the weekend, the most expensive McLaren F1 to date has been sold at the 2021 Gooding & Company’s Pebble Beach Auction. With less than 400 km on the clock, this pristine 1995 McLaren F1 sold for an eye-watering USD 20.465 million (or around PHP 1.031 billion). This beats the previous record-holder for the most expensive F1 sold, a 1994 F1 LM that sold for USD 19.805 million.

But why is it so expensive to begin with?

For starters, this particular example (chassis 029) is the only one to be painted in Creighton Brown. That’s right, this is the only F1 that is finished in this unique color. Then there its mileage, which currently sits at 387 km, making this one of the lowest mileage F1 sold.

This McLaren F1 was just sold for USD 20.465 million image

Aside from the low mileage, it was also the last F1 produced in 1994 (sold as a 1995 model year), completed on December 23 in the same year. It was delivered to its first customer, a private collector in Japan who kept it as a static museum display for 17 years.

The F1 would be sold to Shinji Takei in 2012. In 2013, the car was sold once more to an American individual. Despite exchanging hands several times in the past decade, the car was never exhibited, possibly leading to the vehicle’s low mileage. It also translated to a well-kept cabin, preserved paint, and the original Goodyear Eagle F1 tires still on the car.

This McLaren F1 was just sold for USD 20.465 million image

Apart from the vehicle being well-kept, all of its original accessories and equipment that came with the car are still with it. These include the titanium and gold-plated tool kit, the owner’s manual, bespoke luggage set, Tag Heuer 6000 Chronometer watch, mechanic gloves, emergency/first aid kits, fuses, a tool chest, service book, and a deluxe edition of “Driving Ambition: The Official Inside Story of the McLaren F1” book.

Even the catalytic converters and heat shields, which were removed when it was brought to the US, have been kept and can be reinstalled if the new owner so chooses.

This McLaren F1 was just sold for USD 20.465 million image

Only 106 examples of the McLaren F1 were ever built, with only 64 units built for on-road specifications. The rest were either prototypes, race cars, or Long Tail special editions. Production of the McLaren officially ended in 1998.

If you happen to see a McLaren F1 out on the road, know that you are looking at 1 of the 64 remaining examples in the world.