Official Countach Value Thread

All these cars have what it takes to qualify as leaders in the exotic car category and take no back seat to Ferrari. Im happy to see they are finally seeing their day

 

So true Dan.

What other car did more kids have hanging on their wall then the Countach? All these kids are now at place where they can afford to buy these cars and with less than 2000 Countach's built, it only makes sense the prices were going to go up at some point.

Mike

 

Originality was being rewarded here, and, LP400 Periscopas have special appeal because of their pure original shape. Also, IMO, the collectors who are now buying certain highly-desired Lamborghini classics are used to paying much more for certain highly-desired Ferrari classics. Would I personally have gone that high on this particular car? No, but that's not the point, the auction market has spoken.

 

IIRC Countach prices have been going up steadily for at least ten years!

 

Actually $1.21 million with buyers premium!

 

+1. I met Kirk today at the concours auction and we both thought the car would sell at 750K-800K. I guess we are part of the lowballers now... the car is original with the engine needing some detailing attention, IMO a engine out to redo the bay is needed. I totally agree that the people buying these cars now have way deeper pockets than the original Countach crowd. Even if the bubble burst, I think the CTs will not go down to what they used to even a year ago.

That said at today's show one may think the countach is a common car: 2 downdrafts at the show, 1 Downdraft in the visitor parking lot, an anniversary at show and a 400 on display at auction! 2 being Tahiti blue,which is a rare color! I never saw so many rare CT at Greenwich. There was only 1 512BBi. that was funny.

 

I bet it would have done even better without the repaint...with its original paint, no matter how bad it was, as the crazy market pays up for originality...

 

I also heard the auctioner mention that the odometer was not working on the car but felt it reflected mileage that was accurate.

Mike

 

What about production #'s ? Countach production increased substantially in the later years.

 

Definitely, a total of 751 Miuras against ~640 QV's and even more 25th, about 1997 in total.

No wonder the LP400 got so expensive, only 150 units worldwide among them a number destroyed or lost and some mloested to S disguise.

 

low estimate is just a strategy in order to be more spectacular during the auction...

But I'm pleased to see that result, I bet with a friend of mine who still has one (not for sale) and diddn't believe me, it will be more than 1M USD...

 

1121036 (LP400S1 with early gauges) for sale at what seems by comparison a modest price!

http://www.classicdriver.com/en/car/lamborghini/countach/1979/234203

Jonathan

 

is this the car what was just sold at 380.000 USD a few weeks ago...? what is happening?? people are becoming a bit crazy isn't it?.... they want to double their money in two weeks ha ha ha

 

It was sold for $480,000, and the new owner is trying to 'flip' it at a significant profit. Lets see what happens, but, all you have to do is look at the market and you know that we are in a bubble. Of course, any owner of these cars will tell you we are not, that's understandable, but its not an unbiased dispassionate view that takes into account the obvious.

Speaking of crazy, meanwhile you can buy this LP400 S3 http://www.classicdriver.com/en/car/lamborghini/countach/1982/160678 which has now been concerted to partial QV DD guise for $277,068. Sounds like a deal!

 

hahahahahaha

I was just asking Joe about chassis built near my birthday, and I think this one is the closest. My intention was to track it and see when the stars would align. But at this TRULY OUTRAGEOUS AMOUNT, not only is the bubble plainly obvious, but the stars seem pretty out of alignment.

With the 1.1M sale at Connecticut, double the high est, I was about to say the bear has crawled back in his cave. But now I have all legs to stand on again.

 

I'm not so sure.

Seems more like they (and I) just look like idiots thinking it would be half that.

 

For now.

 

ha ha ha, $277,068 for that car... look at that shifter and these seats i wonder or there is still a Lamborghini engine in that car, perhaps there is a 5,7 Chevy engine in now. i agree we are in a bubble and these cars, i mean that 277K thing for those crazy prices will never sell, maybe in the year 2034

 

The high hopes sellers always outlast the buyers. ....

 

Typical for Dealers, what I already wrote, they take top notch cars and put the same price tag on cars nobody wants, this countach is for sale for more than 10 years.

It has a modded 4l engine said to have 4,7l it's #1121464, I'm following that car since long time, went from dealer to dealer, originally you could buy it for less than $100k, which was still too much those days.

 

Which begs the question; Is each dealer jump a much vaunted "recorded sale" in which those who argue the market upward use as backup for the increase in value? There are not just shill bids at auctions, but shill sales, too.

What ever happened with the Amari car?

Another question I have on the market in general; What is the threshold at which a model is forever in the halo market where no examples are ever (or very, very rarely) offered at a distress amount? Those "regular" guys who had CTs when they were under (some well under) 100k continue to get weeded out when you can hardly touch anything under 200k now. Many get out for various reasons. Fewer "regular guy" buyers, sellers who cash out, and on top of regular maintenance you also have increasing insurance premiums to befit an increasing value asset. Regular guys are more susceptible to selling at a distressed price (who rode the wave up from 100k to 3, 4, 500) than are those who can actually write a check for half a mil to a mil. Or are they?

 

That car has been on sale at Affolter like for EVER. If I recall the price was lower many years ago but they keep it ahead of the curve. I dont follow the selling strategy here especially Affolter comes accross a shop who knows what they are doing. However given the desperation of some buyers, that car may well sell at this price to an emerging country buyer with more money than knowledgeof CTs.

As far as bubble, if the QV DD reaches $500K for a B+ grade before end of summer, I am out and will wait on the sideline. you never know how peaky assets bubble can become. On the down side, I dont think a decent DD will ever see below $180K again.

 

For $500K my QV will definitely be for sale