Does anybody know if the Se30 at today's Villa Erba Auction sold? They posted an addendum : ADDENDUM Please note that this car is the 20th example built and the first SE30 delivered to Europe, as confirmed by Lamborghini Polo Storico. Si prega di notare che questa autovettura, così come confermato dal Lamborghini Polo Storico, è la ventesima prodotta e la prima SE30 consegnata in Europa.
SE30 didn't sell, and is 'still available' on Sothebys post-sale email. The periscopo attracted good bidding after a slow start...the hammer was first raised at $350k and I jumped in, thinking maybe a "no reserve" bargain was in the offing! Soon pulled out when it went up to c$900k inc fees. La Ferrari, P1GTR, Enzo, F12 TDF, attracted virtually no real bids, and it all seeemd pretty flat. The 'high bid' no sales are no guide whatsoever as most came from the auctioneer, who can bid up to reserve. lP400 was one of the best performers I would say. My 918 also sold, so no complaints!
High-bid/no-sale numbers are pretty meaningless as any kind of benchmark or established market comparable, that said, IF this car truly had a real buyer @ those numbers, if I was the seller, I would have grabbed that deal with both hands! Exactly.
There were a few people on the SE 30 very close to the reserve and I wouldn't be surprised if it sells before the weekend is over. I liked the Periscopo overall. See my post here: http://www.ferrarichat.com/forum/145397019-post5272.html Congrats on your 918 - that was a stunner!
I have come across several Miura S models for sale this year all in or around $1.5M USD but none seem to be selling? Has the market for these cars settled down like so many other Italian Exotics. I have recently read Sackey's book and appreciate the SV but at two and a half times the value of a P400 I'm struggling to see the value. What do the Miura disciples here think? I'm sure dealers will have a very different view from collectors.
If the car is driven hard, I am sure the SV is worth the premium. How many Miura owners have ever driven the car aggressively.
David, it's not two and a half times, for comparably conditioned cars, more like two times, and at the seven figure level, this makes a lot of difference. Bear in mind, a new P400 was something like $12,000 in 1967, and a new SV was something like $24,000 in 1971, so, that formula of the SV commanding @ 2 times that of the SV has carried over the years from new till now. I'll be the first to say that I don't necessarily think an SV is twice the value of a P400 (with an S somewhere in-between), but that's the way the market has worked. I'm a proponent of the notion that nothing stays the same forever and the only constant is change, so, I see the gap between the SV and the earlier cars closing somewhat. I have driven comparably conditioned P400, P400S and SVs. If the car is pushed, there is a big difference in handling between the earlier cars and the SVs. Having owned a handful of examples of the latter, I know their characteristics to make driving them aggressively much more predictable and safer through corners and at speed than an earlier car. That;s exactly why an SV variant exists. That said, as you suggest, if one does not plan to drive a Miura aggressively, the premium difference may come into question.
The P.O. told me the stock P400 would barely stay on the road - when pushed to some degree. My X obviously had some subtle aftermarket suspension mods. I imagine a stock P400 properly restored to the original factory condition (aside from an aftermarket oil booster system), is quite difficult to locate. You did not need any café before a fun run. The Gallardo owner had no idea about driving in front of the car around a bend .
Whoever said that likely was either was pushing the car waaaaay past its limits, did not have a well-sorted P400, or perhaps was not the best driver. Again, this was not a race car and was never intended to be one. It was a GT, meant for just that. And a P400 performs that job very well. That being said, the nose does lighten under speed, which needs to be taken into account when cornering. Also, the rear engine/weight distribution needs to be accounted for as well. Braking, acceleration, etc., to keep proper weight balance is necessary. And, that's what I find so wonderful about it. It's a true no-nanny car. Which explains, perhaps, why a distracting and sense-deadening radio was never originally installed.
My comments about the comparison between a Miura S and SV may cause an uprising... That being said... In my opinion the SV IS the car. We can all agree that the Miura is the first supercar, but an SV? You can park an SV example next to an F40, Bugatti, Koenigsegg and the car still looks current with its wide hips and aggressive stance. Arguably the SV is pinnacle of ALL Lamborghini design and the most respected by ALL collectors. Porsche, Ferrari, etc.
Agreed, and your viewpoint is helped by the fact that you have a great P400 and are an excellent driver!
Bear in mind also that the P400 was the first mid-engine sports car built for the road, period, so while it wasn't perfect, it was ahead of its time! It only makes sense that they improved upon the front end lift as they continued production, but there is only one first! As a comparison, it took Ferrari 6+ years to catch up with the 365 BB.
