I feel like I have to preface this: this is big news but it’s not a big deal because as prices go up and the number of millionaires and billionaires goes up as well, most auction records will be broken in the next few years. It’s inevitable. But the reason I wanna mention this is the car that broke the record, a 2015 McLaren P1.
A couple of months ago, Collecting Cars broke the global online-only car auction record when a low mileage 2015 McLaren P1 sold for $1,600,888. This is what Edward Lovett, CEO and Founder of Collecting Cars, said about the record: “For around 60 years, car auctions have traditionally charged substantial commissions and premiums, often taking more than 15% out of the total value of the deal. We knew there was a better approach, and we have developed a world-class online marketplace for sellers and buyers without the unnecessary overheads, which is breaking records.”
The P1 received a grand total of 28 bids and the buyer’s premium for the winning bidder was just 0.3%. Only 375 P1s have been made, each powered by a 903-hp/664 lb-ft engine that propels it from 0 to 60 mph in just 2.8 seconds and 0 to 124 mph in only 6.8 seconds.
So now the question is… would buy a car online?
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