Official Countach Value Thread

1976 Lamborghini Countach - LP400 Periscopo | Classic Driver Market

LP400 for sale...no pics ...

 

It's a blue / tan car. Ask was $1,850,000 last time it was offered. +/- 6,800 miles.

 

One wonders why the mysterious Ad without images of the car in question, surely some nice images will help it to sell!

 

So that's about $345,000, which lower than the lower end of my Countach Values estimate.

 

Also very possibly a car in need of total overhaul mecanicly and cosmeticly,50k miles,
That is very high miles in the used exotic car world, juding by the bids at Amelia island,where a Us Fi reached almost 400$ all inn,last week. i do understand this is Europe, but in reality its only a 3000$ container away, olso possible the Dd versus fi is not as big as suggested, in todays market, with very few cars for sale, anyway,this car is now sold,off the market, and hopefully being put back to great stndard,(if needed)and driven, the seller and buyer did good in this deal, the car was unloaded as is ,no work to be done,money in hand,the byer got a high miles car with a discount based on conditions and understanding more mony will have to be spendt.

 

I think it goes without saying that a few months ago to an American, this would have been a $425k+ sale at that figure.

Currency issue, not really a value reduction. Time to go scoop up those Euro cars!!

 

Did not include the currency issue,figured we all are avare of the rapid fall in euro,the winows in this to catch the deals are usually wery small being we all have internet and highly sought after items have a tendency to adjust to whatever part of the world they are most popular,this car could very well have been sold to french dealer,then to be sold to the states in the lover of Joes price scale,anywy from experience, the world is full of car guys ,act quick if you want a cheap Countach based on currency adjustement.

 

Not quite yet time to scoop. The Euro should be under $ par in a year or two. But if I had a CT to sell in Europe, I'd consider doing it now.

 

I think we see a pause (which is already evident) as the Euro guys asses what QE means to them and what kind of asset environment comes from it. You could see cars, real estate, stocks in Europe go on a tear in a few years. If that happens then we might see these cars trade to parity with what we see people buying cars in the US for. Another interesting time for cars is ahead.

 

Staying away from forecasts, opinions & speculation, and focusing on the facts based on numbers here-and-now, I'd say you are 100% correct.

 

As many noted investors like J.P. Morgan stated back in the 1920s....

"I believe the market will fluctuate."

 

'87 Countach with 15,000KM and single family ownership just hammered sold at $305K plus commish at Auctions America. Estimate was $350-400K.

 

'89 Anniversary Edition with fresh engine out service and clutch, under 21,000KM, apparently didnt reach reserve.

 

As posted elsewhere: So Buyer paid @ $335k, Seller netted @ $270k (approximately)?

 

Joe, dont change your value guide on the Qv fi,250$-450, its spot on, recent sale in Ft Lauderdale, 335$ all inn is right in the middle of your price and condition range,I had the oportunity to inspect this car in person,and i can say , .it was indeed one very average car. As far as what the seller is netting,sounds like the storys you mentioned earlier to find humorous in this tread,i suspect the seller and auction house is more often than not the same person,or entity. I do not think the sellers fee is actully deducted from the price very often. Lets all agree,true value is indeed whatever somone is willing to pay.

 

Nils,

The auction house cannot possibly be the Owner/Seller of the cars going across the block most of the time, or "more often than not", as you put it. That's just not a plausible scenario, and in fact, I'll warrant that it isn't the case.

Let's interpret or read the market based on numbered facts, not wishful thinking, or opinions. I know you mean well by your vested interest as a Countach owner, and whilst its good to see the cars become very valuable, its even better to see a realistic market. The latter lasts longer.

As regards my values guide, I am actually surprised how many people have told me how helpful they have been, and this includes Countach owners, Sellers. I always strive to objective, rest assured.

 

I looked at the car, too. That front bumper fit left me scratching my head. I'm curious why do you think that Joe's statement about what the seller netted is wrong. At auction, the auction house usually collects from both seller and buyer, especially at middle market auctions like auctions America.

 

More often than not,came out slightly brisker than intended,right wording would be ,it happens sometimes, and with all the auctions going on,and limited amount of nice exotics,you can bargain on the sellers fee, they want your car,and 10%on 300$ paid by the Buyer, is indeed a nice reward,in this case a little mouse wispered in my ear the car owner also had an interest in the auction house, nothing wrong with that,
I also noticed the front bumper,hanging down enough to put my fingers in the crack,an easy fix,surprised it was not done, anyway,not trying to fool anybody on the Countach value trend(including myselves) but someone forked up 335$ all inn for this car,wich to me is very close to where i expected it to be,(Joes value guide)Marshall Goldman sold the white on red 88 last week,knowing them right,they probably got close to asking price, there is no new uppsving on the horizon, short term IMO, but hopefully 80s supercars have settled inn nicely where they are now, a new Aventador is 600$, considering the Countach history,and being the father of all modern supercars as we know them,it is still a bargain,in fact waaay to cheap,all good

 

An 87 QV in need of full restoration ( has sat for around 10 years) just privately changed hands for $370,000 .

 

Stunning, what was so special about this particular car?

 

If someone paid $370k for a restoration project QV (I assume this was a Fuelie), then they simply overpaid. By a lot. Which has happened in recent time with amazing regularity.

My adjusted scale for those cars is LP500QV FI - $200,000 to $400,000 so that would be the upper end for a show-quality example.

 

What a seller nets really doesn't matter. The actual amount paid by the buyer, what it changed hands for, is the real number.

 

All the numbers matter: Seller's net, Hammer, & Buyer's Gross.

They're all real numbers for the different entities they ascribe to.

In the world of Private Treaty Sales, where many of the great cars change hands, I can tell you the average is somewhere between seller's net and Hammer.

 

Let me expand on my reply. When I mean restoration, it needs a mechanical restoration, as any car would after sitting for years undriven. Cosmetically it is in good original unrestored shape. Car is a fuelie, with approx 15,000 km, original U.S. bumpers etc.

The red Qv that sold on Ebay a few months back for $275k needed paint, interior and mechanical work. The pearl white Amelia Island QV was a very AVG driver, with no wing. $360k plus fees for a car in need of repair. Id imagine whether or not you like the wing, most people would also rather have the wing, and be able to pull it off, rather than to not have it all. The Marshall Goldman White QV sold for over $400k.

On top of that, a sales price is a sales price. Not what the owner nets. An owner doesn't need to sell his Countach at auction, thats their prerogative. When the person that bought his Countach at auction goes to sell, he will most certainly consider his investment price including the buyers fee. As you've said yourself, most of the real sales happen behind closed doors.

I realise there are areas where it behoves those with a motive to suggest prices are down, when they have clients that don't frequent Ferrari specific forums looking for info on Lamborghini prices. Please point us to those $200k Countach's. I would love to buy a few.

 

I think they are all interesting, especially when the fees really stack up, however the sold price is what really counts, when comparing values. I don't subtract realtor fees off of the property closings, or going further figure out what is left after federal, state, & obamacare fees for each person as well.