Million Dollar McLaren F1 Supercar Offered on BigWigAuctions.com
16 December 1999
Million Dollar McLaren F1 Supercar Offered on Internet by BigWigAuctions.com; Highest Priced Car Ever Offered for Auction on the Internet
OLYMPIA, Wash.--Dec. 15, 1999-- BigWigAuctions.com (www.bigwigauctions.com), the luxury Internet auction site, today announced the auction of a 1996 McLaren F1 supercar.This event marks the first time an auction has been held on the Internet for a car of this magnitude. The reserve bid auction for the McLaren F1 includes delivery and ends January 3, 2000.
The auction of the rare McLaren F1 provides supercar enthusiasts an opportunity to purchase one of the most powerful production cars ever made. The F1 can blast from 0 to 60 miles per hour in a mere 3.2 seconds, making it faster than many of the race cars on the Formula One tour. Only 100 McLaren F1s have been produced and the F1 offered by BigWigAuctions is one of the last 13 models built. The total value is estimated at over $1.1 million including shipping, taxes, fees and modification to meet federal safety and emissions laws. The mint condition F1 has a British racing green exterior and green leather interior. The car has extremely low mileage and is street legal in the United States.
"The McLaren F1 possesses a combination of speed and flexibility that the rest of the automotive world has been unable to beat," said Scott Lewis, CEO of BigWig.com, Inc. "This world class supercar built by McLaren represents another Internet first for BigWig."
BigWigAuctions has created an auction environment designed for the most discriminating buyers by establishing a screening process for incoming merchandise and implementing the latest security and privacy technology. To protect buyers and sellers, escrow services are offered, all data is encrypted and BigWigAuctions does not provide buyer or seller information to third parties.
BigWigAuctions offers only the finest quality merchandise available including automobiles, jewelry and watches, cigars and works of art. Products from top manufacturers including Rolls Royce, Faberge, Cartier and Waterford are featured on the site. Recent BigWigAuctions include two bottles of 100-year-old wine and a charity auction for a trip to see Barbra Streisand in Las Vegas that benefited the Make-A-Wish(R) Foundation.
About BigWigAuctions.com and BigWig.com, Inc.
BigWigAuctions.com, site owned and operated by BigWig.com, Inc., is an Internet auction site developed exclusively for luxury items, providing buyers and sellers with a competitive bidding atmosphere, low insertion fees, in conjunction with the latest security and privacy technology. A destination for discriminating buyers of the finest merchandise on the Internet, BigWigAuctions employs a screening process to ensure that only rare and unique items are available for auction. Merchandise is catalogued into the following categories: luxury automobiles, cigars, fine art and jewelry, watches, wine and spirits, luxury accessories and millennium and holiday items. Headquartered in Olympia, Washington, BigWigAuctions can be reached by phone at 888/550-4243 or questions@bigwigauctions.com. More information is also available at www.bigwigauctions.com.
This release contains statements that constitute forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risk uncertainties, and that the actual results or developments may differ materially from those in the forward-looking statements as a result of various factors.