Williams F1 was a licensed, 2 set subtheme of LEGO Racers that lasted from 2002-2003. LEGO Williams F1 contained 2 sets, set Williams F1 Team Racer was a 1:27 scale version with a minifigure and Williams F1 Team Racer was a TECHNIC model of a Williams F1 car.
2002 LEGO Sets
2002 was an interesting year for LEGO. While there were a couple of highly collectable sets such as the Star Wars Imperial Star Destroyer (10030-1) and the Pirates Black Seas Barracuda (10040-1) most sets did not see the kind of growth that previous years had experienced. However, the Star Wars theme carried a lot of the collection's weight, it was the year Star Wars celebrated its 25th Anniversary. The Western theme which included the iconic Fort LEGOredo (6762-1) help the overall investiability of 2002. During 2002 LEGO released a number of new themes including the original Spider-man and Island Xtreme Stunts as well as some prominent subthemes including Episode II: Attack of the Clones for Star Wars, Harry Potter and the Chamber of Secrets and Mission Deep Sea under Alpha Team.