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

McLaren automotive is born from the racing team founded by legendary race car driver Bruce McLaren.

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

The team has all but conquered the world Formula One racing — winning 182 races and 8 world championships.

The team has all but conquered the world Formula One racing — winning 182 races and 8 world championships.

In 1988, McLaren obliterated the competition by winning 15 of the 16 races on the schedule. Afterwards, the team decided it was time to use their talents to build the ultimate road car.

In 1988, McLaren obliterated the competition by winning 15 of the 16 races on the schedule. Afterwards, the team decided it was time to use their talents to build the ultimate road car.

After four years of development under the guidance of designers Gordon Murray (seen here) and Peter Stevens...

After four years of development under the guidance of designers Gordon Murray (seen here) and Peter Stevens...

The result was the all-conquering McLaren F1.

The result was the all-conquering McLaren F1.

In 1994, the car launched with an astronomical sale price of £540,000. Even with the lofty price tag, the F1 became an instant sensation. Famous owners included...

In 1994, the car launched with an astronomical sale price of £540,000. Even with the lofty price tag, the F1 became an instant sensation. Famous owners included...

... a young Elon Musk (who wrecked his car) and...

... a young Elon Musk (who wrecked his car) and...

...comedian Jay Leno who owns the first F1 imported to the US.

...comedian Jay Leno who owns the first F1 imported to the US.

In its heyday, the F1 was unlike anything the world had ever seen. As a result it reached near mythical status among car lovers.

In its heyday, the F1 was unlike anything the world had ever seen. As a result it reached near mythical status among car lovers.

In 1998, a five-year old McLaren F1 prototype reached an incredible 243 mph — becoming the fastest car in the world. It's a record the car would hold for a decade.

In 1998, a five-year old McLaren F1 prototype reached an incredible 243 mph — becoming the fastest car in the world. It

The car included numerous unique design features such as a three-passenger cabin with the driver sitting in the middle and...

The car included numerous unique design features such as a three-passenger cabin with the driver sitting in the middle and...

... Was one of the first cars in the world to be built using carbon fiber.

... Was one of the first cars in the world to be built using carbon fiber.

Power for the F1 came from a naturally aspirated 6.1 liter BMW V12— seen here in Jay Leno's garage. In the standard road car, the engine produced 627 hp.

Power for the F1 came from a naturally aspirated 6.1 liter BMW V12— seen here in Jay Leno

McLaren lined the inside of the engine compartment with gold because the material is good at reflecting heat.

McLaren lined the inside of the engine compartment with gold because the material is good at reflecting heat.

In 1995, the F1 GTR racers dominated the grueling 24 Hours of LeMans endurance sports car race finishing first, third, fourth, fifth, and thirteenth.

In 1995, the F1 GTR racers dominated the grueling 24 Hours of LeMans endurance sports car race finishing first, third, fourth, fifth, and thirteenth.

Even more impressive, the race winning GTRs were essentially road cars modified to conform with racing regulations.

Even more impressive, the race winning GTRs were essentially road cars modified to conform with racing regulations.

To commemorate the victory, McLaren built five special "LM" edition production cars painted in the company's distinctive "papaya orange" paint.

To commemorate the victory, McLaren built five special "LM" edition production cars painted in the company

However, more people wanted the LM cars than the company originally intended to build. So, McLaren took some of the 64 standard F1 road cars and upgraded them to "LM" specifications. The car headed for auction is one of the upgraded cars.

However, more people wanted the LM cars than the company originally intended to build. So, McLaren took some of the 64 standard F1 road cars and upgraded them to "LM" specifications. The car headed for auction is one of the upgraded cars.

Distinguishing features on the LM include a carbon fiber spoiler in front and...

Distinguishing features on the LM include a carbon fiber spoiler in front and...

...a carbon fiber wing in back.

...a carbon fiber wing in back.

The LM has a more powerful 680 hp version of the standard car's BMW V12 engine.

The LM has a more powerful 680 hp version of the standard car

At 2,341 lbs., the LM is more than 100 lbs. lighter than the standard F1.

At 2,341 lbs., the LM is more than 100 lbs. lighter than the standard F1.

The result is the fastest accelerating F1 road cars ever built — capable of reaching 60mph in less than 3 seconds and 100mph in less 7 seconds.

The result is the fastest accelerating F1 road cars ever built — capable of reaching 60mph in less than 3 seconds and 100mph in less 7 seconds.

However, the increased down force from the rear wing has cut the LM's top speed "down to" 225 mph.

However, the increased down force from the rear wing has cut the LM

In addition to the standard F1 and the LM, McLaren built several other special editions including...

In addition to the standard F1 and the LM, McLaren built several other special editions including...

... longtail race cars and...

... longtail race cars and...

...the ultra-rare long-tail road cars.

...the ultra-rare long-tail road cars.

Today, the flagship of McLaren's lineup is the million-dollar P1 hybrid hypercar.

Today, the flagship of McLaren

However, even after 20 years, the most memorable and iconic car in McLaren's stable is still the F1.

However, even after 20 years, the most memorable and iconic car in McLaren

Here's McLaren's latest offering....

Here

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