LP670-4SV Siezed by IRS | FerrariChat

LP670-4SV Siezed by IRS

Discussion in 'LamborghiniChat.com' started by roytoy2003, May 5, 2010.

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  1. roytoy2003

    roytoy2003 F1 Veteran

    Jul 30, 2004
    9,591
    Full Name:
    Roy L. Cats
    #1 roytoy2003, May 5, 2010
    Last edited by a moderator: Sep 7, 2017
    LOT 16
    IR2010650050000101-036-0000
    2010 Lamborghini Murcielago LP670-4 Super Veloce: 6.5L V12, 6 Speed Automatic Transmission w/ Manual Mode, OD, White Exterior, Black Interior, Automatic Climate Control, AM/FM/MP3, Navigation System, Power Steering, Power Locks, Power Windows, Aluminium Wheels, Odometer Reads: 298, VIN: ZHWBU8AHXALA03837, Secure All of Florida - Miami, FL

    I will be bidding on it...if you outbid me..I wish a tousand sand flys to travel up your nose..LOL
    Image Unavailable, Please Login
     
  2. Kravchak

    Kravchak Formula Junior

    Oct 17, 2005
    850
    Northeast
    Full Name:
    Ken
    Let us know if you win........
     
  3. Bas

    Bas Four Time F1 World Champ

    Mar 24, 2008
    42,554
    ESP
    Full Name:
    Bas
    good luck Roy.

    If you win you will have almost 1% of all LP670 SV in your possession :D
     
  4. cafebisque

    cafebisque Karting

    Aug 19, 2006
    50
    Denver, Colorado
    Full Name:
    Alex G
    Thoughts on what this will bring at an IRS auction?

    AG
     
  5. jplayer521

    jplayer521 Formula Junior

    Feb 22, 2006
    617
    FL
    Full Name:
    Jason
    I will be there as well................. Since your coming onto my home turf how about I introduce you to some local elf's
     
  6. thecarreaper

    thecarreaper F1 World Champ
    Silver Subscribed

    Sep 30, 2003
    17,989
    Savannah
    if you get it Roy, post a pic of all your cars together..... i think that would be some site to see with all the cool personal inventory you have now!
     
  7. tiara4300

    tiara4300 Formula Junior

    Feb 27, 2005
    650
    miami ,fl.
    Full Name:
    Adam
  8. GaryReed

    GaryReed F1 Rookie

    Feb 9, 2002
    3,127
    Seattle
    Full Name:
    Gary
  9. ilconservatore

    ilconservatore F1 Veteran

    May 18, 2009
    8,369
    Cincinnati Ohio
    Anyone care to post their guesses at where the bidding will end up?
     
  10. ralfabco

    ralfabco Two Time F1 World Champ
    Lifetime Rossa

    Mar 1, 2002
    28,029
    Dixie
    Full Name:
    Itamar Ben-Gvir
    I know someone, who likes the SV, in that specific livery.


    ha ha
     
  11. Jalpa_Mike

    Jalpa_Mike F1 Rookie

    Apr 2, 2004
    3,019
    Sequim
    Full Name:
    Michael Wilson
    I'd love to have that 55' Sea Ray......

    Mike
     
  12. roytoy2003

    roytoy2003 F1 Veteran

    Jul 30, 2004
    9,591
    Full Name:
    Roy L. Cats

    Normaly, at auctions..stupid money prevails over sense..

    I will guess at the Minimum $400K
     
  13. 430rcks

    430rcks F1 Rookie

    Dec 26, 2009
    2,737
    West Palm Beach
    Full Name:
    Jason
    Any idea why they took the car?

    If I could afford that car, I'd have it in an instant.

    I LOVE the SV logo on the white exterior
     
  14. Anderson

    Anderson Karting

    Nov 6, 2004
    51
    Colorado
    Full Name:
    David Anderson
    I have an Agreed Value Insurance policy on my 1979 LP400S Countach. The policy is with American Collectors Insurance. I have tried several times to raised the agreed value, but they refuse as their sources claim these cars are worth far less than I think.

    Today I went to the "2010 Collector Car Price Guide" and found a listing for an 1978-79 LP400S in "excellent condition, maximum professional standards." So, this might not be up to totally Pebble Beach standards, but a very, very nice car in all respects. They list this at $77,500. In my strong opinion, this is SERIOUSLY low!

    I suspect that a Series 1, LP400S in virtually perfect condition might go for 3 times this amount ($232,500) and this might sell in a few days or a couple of weeks.

    So, I am asking what other people do to get their Countaches fully covered under an Agreed Value policy? What sources are used to establish value?

    The agent I spoke with said they would consider evidence I could bring to the table. However, it must be convincing I imagine.

    [I should point out that my car is not in virtually perfect condition -- rather, I think it is an excellent driver and very original with the LP400 motor and Bravo wheels, etc. I use the "perfect car" example above just for illustration.]

    Thanks for any advice you can offer; I think this is not an isolated example -- rather a general problem we face.

    Anderson
     
  15. BorisSF

    BorisSF Formula Junior

    Aug 22, 2007
    283
    Chicago
    Why don't you bid on Lot 13 as well Roy? ;)
     
  16. JamesSimpson

    JamesSimpson F1 Rookie

    Jun 29, 2005
    3,624
    Toronto,CANADA
    Full Name:
    James Simpson
    Hey Roy, the 6.0 deal went through btw but wanted to know have you or anyone here bidded on cars through one of these auctions before? is there opportunity to have the cars/boats inspected beforehand?

    Also do you know if a out of country person can bid at these auctions? I've emailed them asking as theres quite a few cars I need as well as hopefully get the veyron for someone.

    I REALLY want one of those jet-ski's so Roy if you could bid on one for me that would be awesome! I would only want it if I got it for $3000 or less though...I know it's dirt cheap but hey it's a auction and ya just never know!


    Thanks
    James Simpson
     
  17. TrentS

    TrentS Formula Junior

    Nov 22, 2005
    789
    South Florida
    Um, they were Scott Rothsteins... If you live in South Florida you should know all about WHY they took them.
     
  18. 430rcks

    430rcks F1 Rookie

    Dec 26, 2009
    2,737
    West Palm Beach
    Full Name:
    Jason
    Lol, I have no idea.
     
  19. Champboat/Champcar

    Champboat/Champcar Formula Junior

    Jan 29, 2007
    885
    Freeport NY
    Full Name:
    Eric T
    ....................................................................All you have to do is call Hagerty and tell them what amount of coverage you want ,its that simple , and for the Auction, once you get 2 or more people wanting the same car then price is not the concern . I think the white looks really good!
     
  20. Chadbourn Bolles

    Chadbourn Bolles Formula Junior
    BANNED

    Aug 5, 2005
    820
    Leesville, SC USA
    Full Name:
    Chadbourn Bolles
    I use Grundy for my 69 Dart and my 68 Barracuda, I placed a value on each, there were no questions asked. They only wanted pictures of each car.
    I placed $50,000.00 on the Dart.
    They will take, as long as you are willing to pay for, the value you place on the car and send them pictures.
    Chadbourn Bolles
    [email protected]
    803 532 6257 h
    803 798 3044 cell





    I have an Agreed Value Insurance policy on my 1979 LP400S Countach. The policy is with American Collectors Insurance. I have tried several times to raised the agreed value, but they refuse as their sources claim these cars are worth far less than I think.

    Today I went to the "2010 Collector Car Price Guide" and found a listing for an 1978-79 LP400S in "excellent condition, maximum professional standards." So, this might not be up to totally Pebble Beach standards, but a very, very nice car in all respects. They list this at $77,500. In my strong opinion, this is SERIOUSLY low!

    I suspect that a Series 1, LP400S in virtually perfect condition might go for 3 times this amount ($232,500) and this might sell in a few days or a couple of weeks.

    So, I am asking what other people do to get their Countaches fully covered under an Agreed Value policy? What sources are used to establish value?

    The agent I spoke with said they would consider evidence I could bring to the table. However, it must be convincing I imagine.

    [I should point out that my car is not in virtually perfect condition -- rather, I think it is an excellent driver and very original with the LP400 motor and Bravo wheels, etc. I use the "perfect car" example above just for illustration.]

    Thanks for any advice you can offer; I think this is not an isolated example -- rather a general problem we face.

    Anderson[/QUOTE]
     
  21. Peter K.

    Peter K. F1 Rookie
    Silver Subscribed

    Jan 9, 2004
    4,443
    Connecticut
    Full Name:
    Peter K.
    PM sent.
     
  22. JamesSimpson

    JamesSimpson F1 Rookie

    Jun 29, 2005
    3,624
    Toronto,CANADA
    Full Name:
    James Simpson
    So what happened at the auction? anyone know?

    What sold and for how much?
     
  23. 4re Nut

    4re Nut F1 World Champ

    Mar 27, 2004
    16,343
    N of NOLA
    Full Name:
    Steve
    According to link below the auction is June 3rd...

     
  24. JamesSimpson

    JamesSimpson F1 Rookie

    Jun 29, 2005
    3,624
    Toronto,CANADA
    Full Name:
    James Simpson
    oops sorry I already knew that! Someone posted a news clip of people looking at the cars and I guess I just forgot.

    Thanks!
    James Simpson
     
  25. norcal2

    norcal2 F1 Veteran

    Roy are you at the auction? I see in your other post you are at Fontana...let us know how all turns out...
     

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