Would you buy a million-dollar hypercar online?

This 2015 McLaren P1 recently broke a record

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?

What's gonna happen to my content after February 1st? I'll keep writing about cars and watches on Flabbergasted, cryptocurrencies on bitcoinea and Publish0x. I also have five instagram accounts: personal, cars, watches, drinks news and crypto; as well as two (semi-active) YouTube channels (personal and cars). Thank you for your support on Drivetribe/Foodtribe, and thank you in advance should you choose to read my content elsewhere in the future.

Join In

Comments (14)

  • Online auctions will continue to grow.

      5 days ago
    • They will. There is legal recourse for the buyer. If you have the kind of funds to buy this car then you can afford to go after someone even if it's "extrajudicially". In certain situations, a person needs their fingers and legs broken more...

      Read more
        5 days ago
  • This isn’t the first time. BaT has sold a lot of cars worth well over a million

      5 days ago
  • Would you buy a million-dollar hypercar online? @tribe

      5 days ago
  • Sure. Transfer the funds and wait for delivery. I mean the only reason you buy one of these is so you can tell your buddy with the Ferrari “Bet you don’t have one of these”

      5 days ago
  • No. Not because I have a problem with an online purchase in this price range. It's because I don't have $1.6M!

      5 days ago