Islington police seized a McLaren MP4 valued at a £170,000 on Thursday, November 14 after it was involved in a collision with a cyclist.
The cyclist, a 41-year-old man, was taken to a north London hospital with minor injuries.
The vehicle was seized by police as the driver, a 63-year-old man, did not have the appropriate insurance.
The incident happened just before midday in Old Srtreet at the junction with Mallow Street.
There were no arrests.
If the driver decides he doesn’t want his car back, it may be auctioned off.
Earlier this year, a Lamborghini Aventador valued at £300,000 was confiscated in Newham, east London after police found the driver had insufficient insurance.
The driver failed to come forward after police confiscated the car and it was sold for £218,000. The money was put into frontline policing.
Acknowledged by the Telegraph as a leading cycling journalist, John Stevenson has been writing about bikes and cycling for over 30 years since discovering that people were mug enough to pay him for it rather than expecting him to do an honest day's work.
He was heavily involved in the mountain bike boom of the late 1980s as a racer, team manager and race promoter, and that led to writing for Mountain Biking UK magazine shortly after its inception. He got the gig by phoning up the editor and telling him the magazine was rubbish and he could do better. Rather than telling him to get lost, MBUK editor Tym Manley called John’s bluff and the rest is history.
Since then he has worked on MTB Pro magazine and was editor of Maximum Mountain Bike and Australian Mountain Bike magazines, before switching to the web in 2000 to work for CyclingNews.com. Along with road.cc editor Tony Farelly, John was on the launch team for BikeRadar.com and subsequently became editor in chief of Future Publishing’s group of cycling magazines and websites, including Cycling Plus, MBUK, What Mountain Bike and Procycling.
John has also written for Cyclist magazine, edited the BikeMagic website and was founding editor of TotalWomensCycling.com before handing over to someone far more representative of the site's main audience.
He joined road.cc in 2013 and these days he lives in Cambridge where the lack of hills is more than made up for by the headwinds.