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Here's everything you need to know about the $15 million McLaren hypercar up for auction in August

Benjamin ZhangJun 5, 2015, 18:47 IST

Sotheby's announced this week that an anonymous collector has put his entire exotic portfolio up for auction this summer. The crown jewel of this collection is a 1998 McLaren F1 LM hypercar.

"The F1 is a technological tour-de-force and a real triumph in terms of packaging and design," McLaren Automotive executive chairman Ron Dennis said in a statement in 2010.

"Whether endurance racing or on road, it is supremely fast, agile and yet comfortable. Its styling is enduring and will never fade."

The car up for auction is one of 106 McLaren F1's ever built and just one of a handful in the "LM" specification. According to Sotheby's, the ultra rare British exotic is expected to fetch as much as $12-15 million when it hits the auction block this August in Monterrey, California.