Official Countach Value Thread

Love to hear that!

 

CURRENT VALUATIONS

What are today's prices?

Let's take as an Example the following Countach (just for the sake of the exercise):
"Color black or white. European delivery, 30.000 KMs, perfectly restored by the best, new perfect paint, engine redone and still bearing its original interior."

What are today's prices? You can indicate ranges too.

- LP400S1 low-body (50 units) ???
- LP400S2 low-body (105 units) ???
- LP400S3 (82 units) ???
- LP5000S (323 units) ???

For example :
LP400S1: 800-900 KUSD
LP400S2: 700-800 KUSD (in average 100K less than S1 = 11-12% less)
LP400S3 : 600-700 KUSD (100K less than S2 = 12-14% less)
5000S : 400-500 KSUD (200K less than S3 = 45-50% less)

Anyone want to give their point of view?

 

I also would like to see the current valuations. Will be watching with interest.

 

Current "valuations" IMO are optimistic viewpoints and nowhere near what these cars have been selling for as of lately, even good examples.

 

My 2 cents based on actual sales, low number being rough cars that need attention and high numbers being under 5,000 mile mint cars or full Concours style restoration cars.

I find that cars that have had a "paint job" and "engine work" don't bring anywhere near the high end of the spectrum as a TRUE restored car.

Periscopo Cars - $800,0000-$1,250,000
LP400S1/S2 Low Body Cars - $350,000 - 850,000
LP5000S Carb - $250,000 - $505,000
LP5000S Fuel Injected - $180,000 - $275,000 -
LP5000 QV Fuel Injected USA - $180,000 - 370,000
LP5000 S QV "Downdraft" - $350,000 - $800,000
Anniversario - $180,000-350,000

I think the market has plateaued and honestly believe that the Countach IS STILL the most undervalued car based on production and its iconic status.

 

Not to far off,agreed, only thing ,some of the models mentioned, have not beeing offered in a totally restored version (as in Joe,s car) on the market,afaik, wich ,i think is where the really high numbers are in any of the differen variants. Also any of the bottom nmbrs ,in all variants, are basically useless, unless big money are spendt. Agreed ,still undervalued.

 

THIS.

 

Is LP400S3 included with LP400S1/S2 ? Same prices?
Thanks,

 

I disagree.
If you want to find the most undervalued exotic of the period look no futher than the Bora. You can get one really nice for $175k and given what you get, that is a steal for those who want exotic entry.

 

Bora? Really?

We have a vintage retail showroom located across the street from the countries largest Bugatti/Rolls/BMW dealer, thousands drive by, hundreds come in and every week we have 2-3 young professionals between 35-45 come in to talk about one day owning a Countach. Not tire kickers, but guys that may have a Bentley GT or Ferrari 458 and when the time is right, they want a Countach in their garage or living room. Not many cars have completely influenced culture like the Countach.

Let's face it, if you were 10 with a Countach poster on your wall in 1988, today you are 39... what are you going to want in 5, 10, 15 years?

 

I agree with both of you. I think the Bora is one of the most underrated cars in the collector car world. It's a pretty rare car so not many have experienced them, but they are extremely advanced for their time and the build quality was far better than their competition. I also think their Giugiaro design is something that needs to be seen in the flesh to truly appreciate it.

That being said, kids didn't grow up dreaming of a Bora the way they did the Countach. As John astutely points out, most guys 35-45 have a Countach on their wishlist and will add one when they are in a position to make it happen. The demand will be strong, no question.

 

JT I'll take a half dozen S1's for $350k each please! Drive push or pull no matter...

Geno

 

all true. I was not comparing the desirability of the countach vs a bora overall but rahter compare the value and the satement that the countach was the most undervalued exotic classic.
yes kids dreamt fo the countach. Yes i did buy a countach and not a bora but at 20, my 4 cars were the Countach, BB512, Bora and Pantera.

but not everyone can afford a $350K or $500K car vs. a less than $200K car. I would rather own a perfect Bora than a 25th for a lower price. No offense to the 25th and it is only my personal preference. There are just a few hundred Boras left and tons of 25th for sale and about the arts of lines. It is also about what you get for what money.

Of course people who have deep pockets will not consider value as a factor. They go after what they really want. Those of us who are not billionaires or can take business tax deductions on these things and for which $200K matters a bit will consider it.

Again I am not trying to be biased or look down on any CT variant but rather look objectively at some facts.
I have had the chance to drive a Bora at length and that car is very underrated. Still a raw driving experience. Yes it is a real pain to work on them but who buy these car or not based on the hassles the mechanic will experienced?

 

I admit I am low by $70k-80k on the cheapest car I have seen? Maybe more! Thoughts?

 

John IMO the low on an S1 is probably in the $400-450k range unless a complete basket case. Not long ago even higher. But than a driver quality black S1 recently brought a lower number than most expected. But as they say one auction result does not determine the market.

 

And was immediately resold for more.

 

So let's see here, we have one guy saying "valuations are too high" before any valuations are even posted yet... lemme guess, a buyer looking for a good deal?

Then we have only one person willing to take a stab at valuations, with admitted errors.

Then we have silence from those who are known to sell these cars often, like Joe and Roy.

So this thread is kinda pointless

Maybe someone can just post a list of most recent 3 sales for each variant?

 

My post was based on sales we have been involved with or have direct knowledge of.

Check us out, we are a sponsor of FerrariChat. We specialize in collection management and buy/sell a good amount of European specialty cars every year.

Wearecurated.com

@wearecurated

 

Interesting concept? Flipped. Any idea for how much?

 

Interesting concept! Flipped. Any idea for how much?

 

Can't logically see why it would go for more than Roy's considering it wasn't original color and needed a lot of work.

 

Sorry, I literally just returned from a 3-day trip to Palm Springs with my wife, so Ive been mostly offline.

Priorities!

That said, I will now read & comment.

 

I'm thinking the same

But not because they are not cool cars, rather, because this is a Countach thread!

 

Okay, so I read and caught up, only a few posts since Friday.

I agree, perhaps John should probably use the original format of factory variants:

LP400

LP400S S1

LP400S S2

LP400S S3

LP500S

LP500QV FI

LP500QV DD

ANNIVESARIO

However, I'm confused, who is saying values are too high? I don't think GaetanVDK or John are saying that, are they?

Also, how is this thread pointless? Its been in existence for five (5) years and given much valuable guidance over the years across the market's ups and downs since the cars were worth a lot less: http://www.ferrarichat.com/forum/141221810-post17.html

Moving along, between this thread and the auction thread, I think most public sales are recorded for anyone wanting to follow, the proviso being, you have to actually follow and read all the data!

As you know, valuations are owner-biased so any one persons market view is indeed subjective (including mine) but I will make an attempt at a broad view across the variant raneg and post.

One thing I will say, is, the carburetted Countach is indeed a very undervalued sportscar. I say this from the perspective of trading Ferrari Supercars which constitutes significantly more than three-quarters of my business, and with that in mind, I know the Countach is more exotic, is more rare, and ultimately has more upside than the average benchmark Ferrari Supercar.

 

Okay, here is the best I can do this late at night!

My summary is based on everything from a non-running restoration project, to so-so cars, to modified examples, all the way to authentically restored cars in original spec done the way God & Ferruccio would be happy! This means last-nut-and-bolt restored cars of which there are more coming into being these days.

The summary includes that unrepeatable collectible, the low-mileage nice original car.

As I have said before, what characterizes Countachs more than any other car I deal with is the RANGE of values - they can be vast, for any variant, and between variants, and I tend to find my personal perspective accounts for this more than with anyone else I speak with. Im done with that, I can live with being different! I study more data than any of my peers and keep archives that track individual cars to help this effort.

I also think in time, the variants separate themselves and some become more desirable and valuable, others less so, this is true of all markets of any kind. You simply have to pay attention and watch it unfold, and chart the differences.

As always, it is important to have comps, and base values on whats been SOLD, and not on offers.

Its also important to base numbers on ALL market sources: auctions, dealer sales, and private party sales.

Bear in mind there are market anomalies, and, if a car sells inexpensively or below par because everyone is 'asleep at the wheel', that does not mean that a new low has been set! It simply means that an opportunity has been had by an astute observer.

Ive also given consideration to the fact that some Countachs are specials in terms of specification, mechanicals and ownership provenance - some or all 3.

My numbers are a little different from John’s but I think he will forgive me!

Lastly, these are numbers may go up, down or sideways, a market is always on-the-move. That said, I cannot advise anyone who is dreaming of a good Countach that values will do anything other than maintain an overall upwards trajectory. I predict that at some point we way have to hang on for dear life!

I hope I have helped.

=====================================


LP400 - $750,000 to $1,750,000

LP400S S1 - $450,000 to $950,000

LP400S S2 - $350,000 to $750,000

LP400S S3 - $350,000 to $750,000

LP500S - $250,000 to $500,000

LP500QV FI - $175,000 to $350,000

LP500QV DD - $400,000 to $1,000,000

ANNIVESARIO - $175,000 to $350,000