LEGO 392 Formula 1 is a vintage Hobby Set set from 1975 valued at $534 for new and sealed sets, up 4179% from an original retail price of $12.49. Annual appreciation has averaged 7.65% since release. On the used market, values range from $68 to $89 based on condition.
LEGO 392-1 Formula 1 is a Hobby Set released in 1975, containing 197 pieces. It builds a Shell-branded Formula One race car with stickered Shell and LEGO logos, a simple engine detail, and era-typical wheels, using basic bricks and early Technic-like elements but without steering or advanced functions. The original box doubled as a storage and display stand, a common feature of Hobby sets from that period. Also known as “Shell Formula 1 Race Car,” it was released exclusively in Continental Europe, the United Kingdom, and Australia.
A new and sealed Formula 1 is currently valued at around $534, with annual growth of approximately 5%. The average used price is $74 for those in good overall condition. Based on current trends, this set could be valued near $572 within the next year.
Formula 1 has become a rare vintage set, as set 392-1 has not been seen for sale in new/good condition online or in retail for over one year. Its actual value is likely above the current estimate.
The last brand new Formula 1 was sold on eBay.
There are currently no new/sealed listings available for 392 Formula 1 at this time.