Larry Ellison's McLaren F1 Auctioned for $3.575 Million
The pre-sale estimate came good for Larry Ellison and his 1995 McLaren F1. Gooding & Company auctioned the Oracle honcho's supercar during Pebble Beach weekend, and the gavel slammed for good at $3,575,000. True, that's less than half the price of the top Gooding & Co draw, a 1959 Ferrari 250 GT LWB California Spider Competizione that went for $7,260,000. Still, the McLaren came in at #5 on Gooding's top ten money earners that weekend.
More telling, the car is only 15 years old and only cost $970,000 when new – the next youngest car was from 1969, a Ferrari 365 GTB/4 Speciale, that sold for half the price of the McLaren. The McLaren is probably the only production car out there in the last 30 years, and certainly the only nineties car, to claim that kind of appreciation. Not that Larry Ellison really needs it, but we hear he's serious about the Benjamins.