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You Can Buy This Outrageous $12 Million Supercar

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McLaren F1 New York Media Preview
General view of the 1998 McLaren F1 "LM-Specification supercar during McLaren's F1 New York media preview at Sotheby's on June 3, 2015 in New York City.Steve Zak Photography—FilmMagic
By Benjamin Snyder / Fortune

A 1998 McLaren F1 sports car will soon be auctioned off for millions at Sotheby’s, Bloomberg reports.

The McLaren has been on show on the Upper East Side of Manhattan since June 3 and carries an estimated value of over $12 million. The seller of the car is unknown, but is a private collector from Florida who’s also offloading nine Ferraris and a pair of Lamborghinis. Bloomberg repots the sale is slated to take place during a six-day car-buying event in California.

The Wildest Concept Cars of 2014

The Chevy Chaparral 2x Vision concept car on display during the third day of media day at the LA Auto show.
Anybody can take Chevy's Chaparral 2x Vision concept car for a spin — anybody with Gran Turismo 6 for the Sony PlayStation, anyway, where the car is a playable download.Gene Blevins—LA DailyNews/Corbis
Toyota shows their future mobility concept Toyota FV2 during the 2014 International CES at the Las Vegas Convention Center on January 7, 2014 in Las Vegas.
One day, we'll all finally get to ride those light-cycles from Tron. For now, there's Toyota's FV2 concept car.Joe Klamar—AFP/Getty Images
Preview Day At The Moscow International Auto Salon
Doors? Where you're going in the Smart Brabus FourJoy concept car, you don't need doors.Bloomberg/Getty Images
A worker cleans the floor beside Volkwagen's new concept car "TRISTAR" at the booth of German carmaker Volkswagen Nutzfahrzeuge ( Volkswagen Commercial Vehicles) at the IAA truck show in Hanover on Sept. 23, 2014.
The pickup truck hasn't really changed much in decades — until Volkswagen took it on with this Tristar concept car, which takes a pickup and makes it super offroad-friendly.Fabian Bimmer—Reuters/Corbis
Nissan shows their BladeGlider concept car on display during day 2 of media day at the LA Auto show on Nov. 19, 2014.
Nissan's 3-seat electric BladeGlider concept car might actually make it to production, pretty rare for a concept car this wild. If a Jedi Knight drove a car, it would be the BladeGlider.Gene Blevins—LA DailyNews/Corbis
The Toyota C-HR Concept car is displayed on media day at the Paris Mondial de l'Automobile on Oct. 2, 2014.
Toyota hasn't said much about its high-riding C-HR Concept crossover, but we know that it's purple. Very purple.Benoit Tessier—Reuters/Corbis
The Maserati Alfieri concept car is displayed at the group's stand of the Geneva Motor Show, on March 4, 2014.
Maserati says its Alfieri concept car represents "the future of Maserati design." Too bad most of us can't conceptualize being able to afford a Maserati any time soon.Pierre Albouy—AFP/Getty Images
Mercedes-Benz's new Sport Utility Coupe concept car G-Code is seen at its unveiling event during the opening ceremony of Daimler AG's Mercedes-Benz research and development (R&D) centre in Beijing on Nov. 3, 2014.
Mercedes-Benz's G-Code concept SUV comes covered in what the company calls "multi-voltaic silver" paint that's supposed to act like one big solar cell. It's all very green — err, "multi-voltaic silver." Kim Kyung-Hoon—Reuters/Corbis
A president-mobil concept car, designed by Georgy Ostretsov, is given a test run across the Zolotoi Rog (Golden Horn) Bay on Oct. 3, 2014. The car's engine is powered by ethanol biofuel.
It somehow doesn't feel like this car, designed by Russian artist Gosha Ostretsov, will fly off the shelves. But that's okay, because it's more art exhibit than commercial vehicle. Smityuk Yuri—ITAR-TASS Photo/Corbis

“The market has remained very strong,” Ian Kelleher, managing director of RM Sotheby’s, told Bloomberg. “People are not sitting on their hands. There are new buyers entering the market and younger collectors whose taste is evolving,” Kelleher added.

The partnership comes as RM Sotheby’s recently sold a $54 million collection of 75 automobiles and associated items, according to Bloomberg. The record for a single car collection is $65.9 million, set by rival auction house Bonhams.

 

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