Official Countach Value Thread

What this car owned by Chad Bolles at one point?

 

1979 Lamborghini Countach LP400S Series I | Monterey 2014 | RM AUCTIONS

A set of photos archived for reference. Simply gorgeous...

Check out the Bertone badge.

 

You are thinking Brian's S2 in the same livery.

 

I looked at an identical LP400S at a used exotics dealer in Oakville, Ontario in 2004. It had a damaged piston and liner (as I recall someone had fitted improper plugs with long electrodes and damaged the engine). It was for sale in the range of CAD$ 100-120k but I did not buy it (but I took a lot of photos). I am curious if this is the same car. That copper shade makes it very rare.

Any ideas as to what this might go for?

 

I think that's also Brian's car. Chad bought it and fixed the engine if I remember correctly.

 

OK, I see it now. Easy thing to miss and easy to correct.

Thanks

Steve

 

That was my car. Engine was repaired and it ran fine but after my purchased it was sent off to 2NA (Tim Keseluk) who completely rebuilt the engine which is still running fantastic today....he did a great job.
This car is an S1 with extremely low miles so worth much more than my S2. I would guess the RM estimate will be around $450K but think will go much higher.
If you have pictures, I would love to see them...please PM me.

Brian

 

OK, I've gotten good feedback and a few PM's on question #1.

I'm still looking for information on #2. I know this can be a sensitive issue but I'd sure appreciate it if someone who has actually bought or sold a Countach especially a 5000S could PM me with what the price was. ****I will not disclose the info to anyone without written approval from the seller or buyer.****

Thanks

Steve

 

I can just imagine smoke pouring out of your eye sockets whenever you read the name Joe.

I don't EVER recall him saying that, funny how when you are trying to make your case, your "memory" just happens to diverge from reality. Even in other threads YOU restate 5%. You know full well, so don't play dumb.

We get it, you think your way is the best way, period.

 

I think nobody has truly answered because it's so volatile everyone is holding their breath.

 

honestly this car is the same as yours to me
ok is an S1, but a late one without bravos...so basically an S2 built few days earlier

so, while i think it will bring over 500k$, i also believe yours is worth a bit less JUST for mileage
this one is barely used and "barn find" ...auctions usually love these kind of cars

 

If you take the latter view, then this Countach is the FIRST one made with the smooth-finish dished porthole wheels. Pretty special, either way.

If the current market holds (& there is no telling if it will), I'd be surprised if it doesn't bring in excess of $750k, maybe more, maybe a lot more.

I'm still sticking with my position that the insane rise in values for the Countach is a dangerously precipitous ascent, and should the stock market endure a sustained correction, we can look forward to prices for these cars correcting similarly. Till then, its happy hunting!

 

The pricing for Countach's has nothing to do with the stock market and everything to do with an icon getting it's due. Otherwise a Testarossa would
Have increased by the same %. Are the values for 246 Dino's gonna burst too? A car that Ferrari didn't even put their own emblem on? The Countach, any Countach is becoming very sought after by seasoned collectors and although some adjustment may occur, I don't think the values will change greatly.

 

I hope you are right!

 

Right now, no one really knows how macro economics will pan out. The last few years have been unprecedented, and have put conventional thinking on hold. Whatever happens to the wider economy will have a direct impact on all collector car values, that's for sure.

I think the Countach is having its overdue day in the sun anyway, compounded by the general collector car "bubble". On the downside, if things collapse generally, the CT could be the tulip bulb of this bubble. Conversely, if central banks etc mess up the taper/interest rate rise etc, and pull back too late for inflation, then owning an appreciating asset (w/o debt) will be a good place to be.

Either way, we do at least have "the" iconic supercar to drive around in!

 

A bit harsh. I didn't remember as well.

 

The TR is not an icon? Nearly as many posters of that as CT on my own and my friends' walls. That would support a big price increase if it's only "icon" status that is behind all of this.

The bottom of the market for the TR was about $35k to $50k for rough cars to pretty good cars, whereas the CT market was double that at the bottom. TR's have increased by 2 to 2.5 times since then.

So if they are an icon, and have doubled, but not triple / quadruple / quintupled, why not?

Well, there were roughly 5 TIMES as many TRs produced as CTs. So that would be a factor that would eradicade a lot of the possible gains and a reason why it wouldn't keep pace with the CT, there's just too many TRs out there.

So, you recognize that other cars are going up too, as noted with the 246. However, the way you phrase it seems to put the CT in a vacuum as you state it has nothing to do with the rise in the stock market. Look, some people who made gains in the market and took profits off the top are absolutely putting money in to cars, art, homes. There are also others who simply by "feeling" wealthy when they look at their portfolio (paper wealth) will act on this euphoria and try to convert into tangibles. When you view purchasing habits of the current market, high end items are skyrocketing while certain other consumables are stagnant with the exception of increases for inflation. Got an explanation of why Maserati sales are increasing hundreds of percent per year? Most luxury goods are increasing sales volumes and prices currently. Those who cannot afford luxury items also tend not to be invested, or invested heavily, in stocks. THAT (and unemployment) are why non luxury items are stagnant. Same thing happened during the housing bubble. The euphoria and paper wealth created there pushed certain assets up up and away (million $ hemi cuda, anyone?) and sales of Mercs, BMs, and smaller ticket (but still expensive) items such as cruises and vacations and credit card debt, went ballistic.

I'm really not trying to wreck the party here, but I'm just trying to take the rose colored lenses off gents.

To Victor's point recently, this entire thing is an interesting view in to the psychology of the market.

 

First part, true.

Second part, conventional "Keynesian" econ has exacerbated the mess, while common sense "Austrian" econ took a back seat because nobody likes being told to take their medicine. Econ is not a science and snakeoil salesmen say otherwise.

Look at Kondratieff wave analysis and it'll tell you what history says about the soon-to-be direction. I've been a broken record for a few years and I'll be first to admit I am shocked that the reserve banks have been able to keep musical chairs going this long. Complicit cooperation is the only reason. Will Russia and China cutting out the USD as a medium be the straw? We'll see.

 

Maybe, but he should have because he was directly involved in a very heated discussion about precisely that.

 

I agree with the first sentence, not the second. But lets hope for the best!

 

Harsh? Hardly.

Imagine if we all went around espousing falsehoods & practicing blatant slander, simply because we couldn't 'remember' the correct data, or, in fact, had no real first-hand knowledge of it, but posted what we wanted to 'remember' whether it cast someone else in a bad light or otherwise?

That would be harsh.

 

LOL hey its the good old Joe back...been a while. Read what I said...I even stated "you need to check with him" LOL and that's SLANDER a FALSEHOODS..in your wildest dreams..

But FOR the record..there is documented records of you charging a 10% fee to Mr CA as well as MR JA, I have the written "consignment" papers you drew up for both of them calling out for a 10% fee if you sold their car (of the selling price).

AND EVEN your OWN website says:

To Acquire or Sell

......Joe’s consultancy fee is generally 5% of the sale or purchase price paid upon completion of the deal........

Please take note of the word "GENERALLY".......so there is an open window for "Different Fee's" to be charged. Maybe you should up date your website to say

"fee IS 5%"

and is that 5% TOTAL or as in past cases where it has been 5% from the BUYER as well as 5% from the seller..as has been done in the past..which if you add 5 and 5, in my book of math, that's 10!

But who cares anyways..10% is a consistent fee with the auction houses..heck their even higher, some get 10% from BOTH sides the seller fee and the buyer fee...

so 10% is a BARGAIN if you look at it that way.

At lease we have established here in writing for anyone using your service to sell a car, it will ONLY be 5% of the total sale price and NO fee to the buyer...or is it the other way around? I sure cant see a straight answer in your website or posted here...and why such a BIG secret of what your fee's are..

as they say, the "dog that barks loudest" is the dog........

I think brokers, auction houses, Dealers...anyone selling a vehicle should be clear as day what their fee's are...and if its from the buyer, from the seller or BOTH?

I see nothing wrong with being clear and up front about ALL fee's to be charged and collected...I actually think it may be a LAW to disclose ALL fee's in a transaction in most states...at least it is here in Washington State for us Dealers...

 

I was guesstimating this with a friend. I told him I wouldnt be surprised if this car got to $800k. 7 weeks from now I can't see it having a problem reaching those numbers.

I told him if it doesn't get to $600k, I would pay next year's fishing vacation to Norway.

 

I don't think you'll be paying next year's fishing vacation to Norway!

Meanwhile the auction results for Countachs are generating headlines all over the world.

The LP400:
This Lambo Countach just sold for £720,000 - BBC Top Gear

Some Countach stereotyping still remains though:
"OK, we know it'd be a pig to drive, and impossible to see out of, and probably rather slower out in the real world than, say, a Golf GTI, but still. Just look at it."

I expect the timing for this LP400S S1 couldn't be better...

 

Completely agree, there is a reckoning to come. I spend most of my work time trying to make the most of current "good times" and the rest of it trying to make sure we don't miss the first signs of trouble.

There's always the chance of a sudden show stopper, but given that the musical chairs should have stopped by now, you can't sit out the whole party either, because who's to say there's not another year or two, or more left?

I'm not a believer in 'new paradigms' and am sure that all classic car values inc CT will rise and fall with the economy, they are not suddenly protected. Within that, there will of course be some which perform relatively better, and CT has underperformed but is now catching up and may over perform. I'm happy owning it either way, and it's not in the emergency exit seat if things start to go wrong!