The most expensive car sold this year at auction is now an ultra-rare 1994 McLaren F1 which just auctioned for a record $19.8 million

Brittany Chang

August 19, 2019 8:12 PM

Andrei Diomidov/RM Sotheby's

The car is one of only two examples that were modified by McLaren Special Operations to fit LM-specification after being produced. his F1 also has an unrestricted GTR-racing engine and an additional Extra-High Downforce Package. The additional work took the McLaren factory two years and included a respray, new steering wheel, modified exhaust system, and 18-inch wheels, according to Motor Authority.

A 1994 McLaren F1 with LM-specifications sold for $19.8 million on Saturday at the Monterey Car Auctions with RM Sotheby's.
Another McLaren F1 the only other one also modified by McLaren post-production to meet LM-specifications was also auctioned with RM Sotheby's in 2015. It went for $13.75 million.
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Monterey Car Week is a time for the wealthy and their wheels, and this year's auctions was no exception.

A 1994 McLaren F1 with LM specifications, which was estimated to auction between $21 million to $23 million, was the highest-priced car to be auctioned this year. It ended up auctioning for $19.8 million, making it both the most expensive McLaren ever sold at an auction, according to The Drive , and the most expensive car sold this year at auction.

It is one of only two F1s that were modified post-production to LM specifications. The second one, a 1998 model, was auctioned in 2015 and went for $13.75 million.

Last year's most expensive car at the Monterey auctions was a 1962 Ferrari GTO 250 that went for a record-breaking $48.4 million dollars.

Only 64 of the 106 McLaren F1s built were road cars, according to RM Sotheby's , the auction house in charge of the supercar. This specific build, however, includes a GTR-racing engine that gives the car its 680-horsepower, according to Robb Report . Its also what gave McLaren its multiple race wins, including the 1995 24 Hours of Le Mans.

Take a closer look at the most expensive car auctioned off at Monterey this year.

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