Lamborghinis at auction

If they were all of the same variant..maybe..but there not..

 

Two days left of this auction:

Lot #290
Location: Novato, California
Chassis: 68570M
Engine: 40458
68,598 miles shown
Sold with original engine
Complete and solid basis for restoration
Original Campagnolo wheels
Six Weber carburetors
Private Party or Dealer: Private Party


This 1972 Lamborghini Espada Series II has been in the seller’s family for over 30 years. The car is complete but will need significant restoration. It is believed to have remained in the Bay Area since new – it has resided in Novato, CA since the 1980s and has benefited from indoor storage for the majority of the time. It looks like a great basis for restoration with original details and parts present including the original V12 with all six Weber carburetors. The engine has been removed and disassembled in preparation for a restoration that never materialized, and the entire project is now being sold as-is. The interior is rough but all there with intact wood dash, full gauges and instruments, seats, and door panels. The 4.0L V12 engine is photographed in detail below. 1217 Espadas were produced in their 4-year production run, 575 of which were Series II examples which retained the nice slim bumpers as shown here.


In the early 1990s the car was refinished in it’s original metallic sandstone color. The seller says all factory glass is intact, and it’s great to see the original alloy Campognolo wheels which were more commonly associated with Miuras of the same period.


The car looks to have escaped serious rust over the years, thanks to being garaged for most of its life. Bubbles are evident in the wheel arches and the seller says it has been sitting outside for the last 5 years and the condition of the underbody is undetermined. He believes the car is structurally sound. Note the hatch and surrounding area look quite solid. Chrome and badging appear complete and the seller says the body is very straight. We dig the vertical glass tail panel, a Bertone design cue that was copied by many manufacturers in the 80s and 90s.


The interior is complete and door panels have been removed and are pictured in the gallery below. Original Veglia gauges, steering wheel, shift knob, Bertone emblem, and what looks to be the original Voxson radio all remain in place, and though the dash top will need replacement the wood looks to be intact. Front seats are dry and cracked and will need recovering, though the rears look like they can be saved.


The original chassis plate shows chassis 68570M, indicating that this car was probably among the last Series II cars produced. The engine has been disassembled with pistons and camshaft removed and photographed. Engine #40458 is stamped in the block.


The drivetrain is said to be complete with six Weber carburetors and the original Lamborghini valve cover included and pictured below. The engine has been thoroughly disassembled and parts organized, which should make it easier for the new owner to take stock of the situation.

These were a polarizing design in period but have aged well, penned by Marcello Gandini who is also credited with designing the Miura and Countach. In stock form these cars were good for 345 horsepower thanks to a higher 10.7:1 compression ratio in the Series II cars, complemented by vented Girling disc brakes. The car is sold with a clear non-op title.

Check out the entire photo gallery here on Flickr.
https://www.flickr.com/photos/batexclusives/sets/72157652101049871/


1972 Lamborghini Espada Series II Project | Bring a Trailer
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Bonhams : 1967 Lamborghini Miura P400 Chassis no. 3057 Engine no. 1190

See last photos - I suspect that a member of the Bandini family had to register the car to satisfy a lost bet.

CA plate: GUANO

 

Uh, don't know what to say......Winning Bid: $69,500

 

This is madness, imo!!! It will take $50,000 (shop cost) to $100,000 (low end of retail restoration cost) to make it a $100,000 car! The math does not work. ie: $69,500 + $50,000 = $119,500 at the lowest possible end of the cost range. Probably much, much more. I think somebody is betting big on values of Espada to continue the upswing, so that in the two (or five) years it takes to restore the car, it will be worth much more. I don't get it, but I would love to restore it for the new owner! I love Espadas, but the market madness continues imo.

 

Well, we have seen members spend more than 100k to restore. The cars are selling between 120k and 200k and more.
I have recently found projects ranging from 40/50k to almost 200k.....for projects! How does a buyer know he is buying right?

 

Well KlimaLounge, the purchaser of the BaT project car, has apparently just sold an Espada at Techno Classica for €280k, and had another on their stand with an ask of €400k.
So they are looking at the $120k bill with a big smile on their face...so long as they can turn the car before any market correction!

Regards.

Mark.

 

Just a taste of some of the Lambos I will have crossing the block here real soon in June

https://www.mecum.com/collection.cfm?auctionid=WA0615&groupid=10231

 

Am I reading that an espada that was a $35-40K car a few years ago now got the hammer for ~$310K??!! and that the next in line is priced at ~$440K ???!!!
Have guys in Europe gone nuts? Too much Greek interactions there? Can I sell my Countach (euro model) for the low price of $1MM there? (I pay the shipping and custom charges!)

you cant be serious...

 

What's interesting is that these prices emanate from Europe, where things are not that great everywhere.

 

That is what I thought. Oddly I have a few car parts on ebay. One offer came from Rhone Alpes France and another from Australia. I just sold a KTM dirt bike that is being shipped to Poland. A truck driver came and loaded it in the back with a bunch of potatoes last night.

 

C mon ,guys, the market is flooded with cheap down draft QV s, from europe. Cheap euro,crappy european economy and so on. At least thats what i am told.

 

Lets see what happens at the next major Eu auction at Villa Erba, Ive noticed some surprisingly low estimates amongst significant Italian cars, perhaps RM is figuring-in new market values, or this is their way of hopefully drawing more people in: http://rmauctions.com/lots/?

 

The rich got richer, simple.

 

All jokes aside,lots going on in Europe (close to) to change many things in a very short time,including the high end car market,lots of turbulence,but also some light in the tunnel for countrys like Spain, Portugal, time will tell, as Joe mentioned,Villa Erba will be exiting.

 

That is true in some areas, and that may change for many who are wealthy on paper.

 

I noticed that as well. My guess is the latter, but time will tell.

 

THE ANDREWS COLLECTION
2 May 2015
Lot 192

1990 Lamborghini Countach 25th Anniversary

To be auctioned on Saturday, May 2, 2015
showing 1,240 kilometers from new
Without Reserve

Sold for $451,000

Chassis no. ZA9CA05A1LLA12049

 

Wow.

 

imagine if it was rosso perlato - wld have been well into the 500ks.

 

To me it looks like Klima-Lounge is trying hard to run up the prices.
Apparently sold might be a key word here, but what do I know.

 

Yes, and that's including their 10% premium.
1990 Lamborghini Countach 25th Anniversary | The Andrews Collection 2015 | RM Sotheby's

 

Amazing price. Wow is right. I'm guessing a fair amount of the premium could be attributed to the low mileage.

 

So, you're suggesting that the difference between comparably-conditioned Rosso Siviglia and Rosso Perlato cars is $100,000?

 

Imo the Rosso Siviglia is a better color on the Countach. I like the Perlato,on a California flattbottom/ski boat,not on a Countach, just my personal taste,i would pay a premium on the siviglia or white, at the very bottom is black on black,also tahiti blue is extremely nice,