Lamborghinis at auction

Hammered at $385k

G

 

Well under estimate again, but still a good result in my book because the estimate was rather optimistic.

 

That is an amazing result, originality rewarded.

 

Looks like someone was trying to make a quick profit on that one and it didn't work out. No wonder they halted it at $310k. Seems like it was sold back in February at their Kissimee event and went for $378k, all in. Ooops.

Mike
Image Unavailable, Please Login

 

yes amazing

but how do you explain the yesterday price for Miura SV at 2,250.000 USD + fee and today a Miura S at 2,300,000 USD

 

Yep, what a beauty. Only 2 owners and a California black plate. Yum.

 

That 90 Countach sold for almost $416,000 all in. I don't think that is bad at all. I have noted that some of the "facts" that Mecum are including in the copy of ads are factually incorrect.

 

Lets please post the correct COST to the new owner(s)...with fee's the paid $425K approx...and the HOUSE worked with Scott, (the seller) and netted him $395K in his pocket...the house still made $30K for very little effort.

 

At $1.7mm the second bidder in then room stopped bidding and than it was the phone bidder from Europe versus the museum buyer that was going to be the winning bidder no matter the price. Crazy result as I was offered the car 6 weeks ago for $1.5mm

Geno

 

The Miura S was purchased by a determined buyer purchasing on behalf of a collection, he must have been under instructions to buy the car at all costs!

As far as a value hierarchy with standard production Miuras, in my book they descend from a split-sump engined SV (production number 666 upwards), then single sump SVs, then vented-disc P400S, solid disc P400S, and P400 in that order - all subject to condition of course. There is a value difference which a thoughtful collector will note between these various types, but I must admit we exist in a market phase where buyers do tend to lump all the variants together.

 

The ex-Paul Marshall "Periscopio" just hammered at $1.32 million (including premium).

Mike
Image Unavailable, Please Login

 

So much for my theory!!!

 

That's just @ 60% of the high estimate.

$270k for a 2,207 miles Countach 25th is the lowest Ive seen this far for a low-mileage example.

 

Does anyone read the specs besides me. The entire engine was rebuilt and the car was involved in a front end collision. I would say that sounds far from pristine!!

Why would a car with less than 3,000 miles need an engine rebuild??? I love Mecums spin machine and the way they market their cars. IMHO, I would rather put a car up on Flea bay.

 

You are not alone, I read all auction descriptions.

"This nicely menacing all-Black example has covered just 3,553 kilometers, or 2,207 miles, since new. A one-family-owned car until 2015, it has been meticulously maintained without regard for expense and presents in better-than-new condition, with exquisite Black paint and a virtually flawless leather cockpit. In 2013 the engine and transmission were removed for a complete rebuild and reseal, and the brakes and fuel system overhauled, the total investment surpassing $26,000. Slight front-end collision damage was also seamlessly repaired to an exceptionally high standard that is in keeping with the rest of the car. Recently, 200 hours of lavish detailing was performed on this exceptional 25th Anniversary Countach, whose superlative history, exceptionally low mileage and single-family ownership recommend it as an exceedingly desirable example of the iconic supercar from Sant‘Agata."

FWIW, I have seen many Lamborghinis with just 2,000 miles covered in 20 years have their engines rebuilt. However, if you read the description carefully, you can see that the $26,000 covered engine work, brakes, fuel system and body repairs, so its fairly clear that the engine work was a reseal rather than a total rebuild in this case. The disclosed damage is described as slight, and again, the invoice total in consideration of all the other items corroborates this. Reports are that the car showed as pristine as any other Countach, and note that black 25ths are particularly desired by some. Whichever way this is spun, $270,000 is low, especially for a one-owner car with just 2,000 miles.

 

I bought the car....yes a CarFax report of a "minor" left front fender damage at parking lot speed. Car was drive-able and drove away from the scene. The engine rebuild according to the service receipts from the shop, was due to an in-correct clutch installed causing damage. Of course who knows if that was true or not. There is however full service receipts showing all the work completed recently at a cost of almost $28K. Did have all books, tools and records.

I guess time well till if it was worth it or not...

I think it was all and all a STRONG Lambo weekend for Mecum.

My car, the "No reserve" 88 Black at R/M did not do as well as hoped, hammering at $335, with fee's $368K approx.

I was glad we agreed to a NO FEES to the seller (me) for the no reserve, full hammer price paid, they collect the fee's from the buyer. It cost me $320K, then approx $8k in transports and little odds and ends I did to it prior to going to auction. So just about a $7K profit...pretty weak for such and investment, but like they say, a profit is a profit.

 

I also bought the Red Islero "S" from R/M tonight...most will think a bit steep, but such a stunning example...and will see where it goes in the years to come...

with fee's $401,500

 

That was an exceptional example. I am not knowledgable about the market, however.