RE: S1 LM fetches £15m at auction, sets record
RE: S1 LM fetches £15m at auction, sets record
Yesterday

S1 LM fetches £15m at auction, sets record

Just five examples of the F1 GTR homage will be built - the final car suggests GMA is onto a winner


In case you were under any illusions about how the wider market views Gordon Murray’s S1 LM - the McLaren F1 GTR homage revealed to the world during Monterey Car Week - the only example of the five-car run to be offered to all comers has fetched $20m at auction in Las Vegas over the weekend. Or £15,772,773.78 to be exact. Which, according to Gordon Murray Special Vehicles, is the highest sale price for a new car sold at auction that wasn’t offered partly for the sake of charity. For some kind of reference, it’s basically the same amount (not correcting for inflation, mind) that someone paid for a McLaren F1 at auction back in 2021. 

In other words, the market likes it very much. And why wouldn’t it? There’s a lot to like about a car that harks back to McLaren’s Le Mans winner stylistically, while also containing a bespoke version of the Cosworth-built V12 that develops 720hp at 12,100rpm. Oh, and GMA’s manual six-speed gearbox and a ‘race-inspired, road-perfected’ chassis. It was always intended as a wet dream of a hypercar (you can read the full story of its inception here) and that’s very much how it comes across in the flesh. 

Well, we say ‘flesh’. This was less the auction of a car than a car-shaped space. The S1 LM in question will be the final version built, which is to say it hasn’t been yet. But the handy thing about that is now the auction victor gets to sit down with Professor Gordon Murray CBE himself and plot what their car will look and feel like. They’ll even get a unique 500-page monograph chronicling the S1 LM’s creation, which you’d assume will include some lovely snaps of development drives alongside Dario Franchitti, another boon of the arrangement. 

“This world record auction result is a defining moment for our entire team and for the automotive world,” noted Murray. “The S1 LM represents everything I have learned in six decades of design – a pure expression of driving perfection, engineering art, and a true return to beauty. To see it achieve this scale of appreciation is truly humbling.” It does rather speak to the aspiration and resolve of the man who commissioned the S1 LM and still owns (to the best of our knowledge) the other four examples yet to be built. He has spoken of finding the ‘right kind of person’ to take ownership. Let’s hope they live up to his vision. 


Author
Discussion

BigChiefmuffinAgain

Original Poster:

1,504 posts

117 months

Yesterday (12:51)
quotequote all
Bonkers price . I bet GM are thinking that they probably sold the other 4 too cheaply....

I expect we'll see more new variants tap the market while the demand seems to be there...

leglessAlex

6,403 posts

160 months

Yesterday (13:06)
quotequote all
The Article said:
He has spoken of finding the ‘right kind of person’ to take ownership.
Aka The Highest Bidder hehe

The Article said:
It does rather speak to the aspiration and resolve of the man who commissioned the S1 LM
Yikes PH, do you want to remove your tongue from his butthole?

Come on. Cool car, no doubt. Really cool car. Might be a cool guy behind it, I don't know, I'm sure I won't ever meet them. But using obscene amounts of money to comission a car that ultimately makes that person even more money isn't really soemthing to be lauded? It's not like they're taking a risk is it? Even if the values had nosedived they'd still have had several really cool cars, and I highly doubt they invested their entire net worth into this project.

Deranged Rover

4,243 posts

93 months

Yesterday (13:09)
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"S1 LM"?

I read the headline assuming a 1994 Marcos. Bit disappointed now.

markh450

112 posts

230 months

Yesterday (13:14)
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Are Mclaren OK with this? Whilst acknowledging GM was the man behind all this.. You would think that having perhaps THE most sought after and expensive car in their back catalogue, Mclaren would like to reserve the option to capitalise on this themselves??

R5 KDT

454 posts

204 months

Yesterday (13:21)
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Looks like GM kept the design copyright for himself, if he was sensible

speedking31

3,770 posts

155 months

Yesterday (13:26)
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PH said:
... the only example of the five-car run to be offered to all comers has fetched £20m at auction in Las Vegas over the weekend
Presumably $20m.

don logan

3,839 posts

241 months

Yesterday (13:28)
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I thought 1 guy bought all 5?

leglessAlex

6,403 posts

160 months

Yesterday (13:30)
quotequote all
don logan said:
I thought 1 guy bought all 5?
He did, paid for the development and everything. And now he's going to sell one or two (maybe only one at this price) so he gets several free cars hehe

Good gig if you have the money and GM likes you biggrin

Robertb

3,014 posts

257 months

Yesterday (13:48)
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don logan said:
I thought 1 guy bought all 5?
Maybe he got confused and bought this one off himself in the auction.

don logan

3,839 posts

241 months

Yesterday (13:48)
quotequote all
leglessAlex said:
don logan said:
I thought 1 guy bought all 5?
He did, paid for the development and everything. And now he's going to sell one or two (maybe only one at this price) so he gets several free cars hehe

Good gig if you have the money and GM likes you biggrin
Ahhh got it

I thought Joe Macari was in the frame too

Gecko1978

12,088 posts

176 months

Yesterday (13:53)
quotequote all
I like it I just don't get it. As a £15m proposal it's rare but so are Konnigseggs or Pagani or thr 1 off stuff Lambo and Ferrari will make you. I suppose if I were a billionaire and 15m was like 1500 then maybe it makes more sense but it's a bit like a CZinger or whatever it's called I am sure it's great but is it really special

WPA

12,806 posts

133 months

Yesterday (13:55)
quotequote all
Gecko1978 said:
I like it I just don't get it. As a £15m proposal it's rare but so are Konnigseggs or Pagani or thr 1 off stuff Lambo and Ferrari will make you. I suppose if I were a billionaire and 15m was like 1500 then maybe it makes more sense but it's a bit like a CZinger or whatever it's called I am sure it's great but is it really special
I am the same, struggling with all the hype if I am honest

garypotter

1,990 posts

169 months

Yesterday (14:05)
quotequote all
STunning car that is how a supercar should look

love it

je777

767 posts

123 months

Yesterday (14:10)
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Although it is a pastiche of the F1, it does look a lot better than the T50.

For me, that shows just how rotten-looking the T50 is. It's still the car I'd like above all others (except this, I suppose), but it's dull at best. The only thing I like - unlike most - is the fan: that's innovative and something a bit different-looking.

je777

767 posts

123 months

Yesterday (14:13)
quotequote all
Gecko1978 said:
I like it I just don't get it. As a £15m proposal it's rare but so are Konnigseggs or Pagani or thr 1 off stuff Lambo and Ferrari will make you. I suppose if I were a billionaire and 15m was like 1500 then maybe it makes more sense but it's a bit like a CZinger or whatever it's called I am sure it's great but is it really special
If you're a billionaire, £15m is not like £1,500 for a normal person, it's like zero. Because it has literally no impact on your life - you still have £985m.

je777

767 posts

123 months

Yesterday (14:14)
quotequote all
If I was this rich I'd buy an original F1 (this person probably has), with all the LM stuff on it, and then I'd commission a car that had an original design.

alock

4,425 posts

230 months

Yesterday (14:18)
quotequote all
I've never understood the appeal of the three seater.

A single seater I understand if you want a car for a drive by yourself, i.e. minimising weight.

A two seater I understand, because most people go on longer journeys with their partner next to them, either for the company on the journey, or for when you arrive at the destination.

A three seater? If you're on your own then you're using a compromised car. If you are with your partner, they sit partially behind you, a bit like how your children sit in the back of the car! I don't understand the use-case.

Maybe I should be imagining trading my partner in for a couple of younger models just so the car makes sense?

GingerMunky

1,255 posts

276 months

Yesterday (14:22)
quotequote all
alock said:
I've never understood the appeal of the three seater.
It's for the billionaire and his two super model 'girlfriends'.

The super rich really are very very rich. This feels so disjointed from reality.

leglessAlex

6,403 posts

160 months

Yesterday (14:33)
quotequote all
don logan said:
leglessAlex said:
don logan said:
I thought 1 guy bought all 5?
He did, paid for the development and everything. And now he's going to sell one or two (maybe only one at this price) so he gets several free cars hehe

Good gig if you have the money and GM likes you biggrin
Ahhh got it

I thought Joe Macari was in the frame too
He might be, I have no idea. I suspect many people are involved, and I also suspect the world of the ultra rich car comissioners is very small.

FourWheelDrift

91,442 posts

303 months

Yesterday (14:39)
quotequote all
alock said:
I've never understood the appeal of the three seater.
Girlfriend on the left, golf clubs on the right.