White F1 For Auction
Discussion
belleair302 said:
I was going to say that £8 million is a reasonable figure for one of these today. 12% buyers premium may hurt though!!
Possibly, but with the way that values of the F1 are going, I think that the only way to purchase one in the future will be through auction houses as valuations are so difficult to determine and the auction house is the best way to achieve 'market value'. So the buyers premium will be another hurdle to ownership - but with a car as iconic as the F1, it seems a reasonable hurdle to overcome. Chris
In every market there's collector cars & driver cars
Has it been maintained 'regardless of cost' ? The Gooding one implicitly hasn't been serviced or perhaps even driven since 2008 whereas (for example) TT9 has probably done more miles in his this summer than this one has done its entire life - I'm sure that will be reflected in the price (if not the value) of both even if the higher mileage car is the one that probably has better maintenance history
Has it been maintained 'regardless of cost' ? The Gooding one implicitly hasn't been serviced or perhaps even driven since 2008 whereas (for example) TT9 has probably done more miles in his this summer than this one has done its entire life - I'm sure that will be reflected in the price (if not the value) of both even if the higher mileage car is the one that probably has better maintenance history
GusB said:
Out of interest do we think these kind of cars are mileage sensitive when it comes to price as they have to have been maintained without regard to cost anyway or is it people just want the lowest mileage?
GusB
Not really no.....GusB
Speaking with Mclaren a while ago about the F1, new owners usually send their cars back to the factory to be refurbished to their tastes etc. And if your service history is with Mclaren then mileage is largely irrelevant imo.
I have spoken to a few people about the F1 (owners and prospective owners) and mileage really isn't of too much concern, rather the availability of one is the real key. Essentially, you take what is on offer.
As these start to sky rocket in value, fewer and fewer with come to the market and when one does, colour, mileage etc. will be largely irrelevant.
Chris
Babw said:
The last red F1 DK engineering imported went north of 6 million and it's a higher mileage with less owners.
Less owners is not accurate for 028 - Michael Andretti was the first, then it had at least one Japanese owner, then it came to the USA in late 2002 and was owned by Cliff Meltzer who sold it a few years later to an un-named owner in SoCal. Then a few more years went by and it was sold to Tom Price, and now it belongs to TurboTerrific. That's twice as many as the white car that will be auctioned.Some people will care for the low mileage, and certainly a premium will be paid for it, but I know someone who bought a delivery-mileage F1 in 2005 and gave little care to preserving that. From 170 miles when he took delivery, the car had almost 2,500 on it when sold 4 years later. That's not a lot - but many would have wanted to keep it fresh.
In the case of the white car, the original owner would have been responsible for most all of the miles on the car. The two subsequent owners, as noted in the auction description, are both collectors who would have wanted to preserve its 'newness' to ensure maximum value, and of course they each had other F1s to drive if they wanted.
>8^)
ER
johnnyreggae said:
Of course !!!!!!
Well I used those words because they relate to what was written in the auction description:"After 15 years of single ownership, the McLaren was sold to a respected US private collection in the Midwest, which encompasses one of the finest assemblages of McLarens in the world."
"More recently, the McLaren was acquired by the current owner, a marque enthusiast with a stable of road and racing McLarens."
>8^)
ER
Peloton25 said:
Less owners is not accurate for 028 - Michael Andretti was the first, then it had at least one Japanese owner, then it came to the USA in late 2002 and was owned by Cliff Meltzer who sold it a few years later to an un-named owner in SoCal. Then a few more years went by and it was sold to Tom Price, and now it belongs to TurboTerrific. That's twice as many as the white car that will be auctioned.
Sorry that's a typo, I obviously meant it had more miles and more owners!Gassing Station | McLaren | Top of Page | What's New | My Stuff