Miura Prices

I know this changes monthly, but any idea where Miura P400 and P400S values are, poor condition/average condition/excellent condition? Thanks in advance.

 

I see you are not getting a lot of responses. Not sure if anyone who sells/brokers these cars will respond. But it seems to me that if SV's are commonly going for over seven digits, decent P400's and P400S' are probably at least $600-700k now. Maybe a late S with vented rotors and AC could hit $800k?....maybe?

I know that a SV "prototype" went for $1.7M at Amelia last Spring. A SV bid up to about $1.25M in the UK recently where it was deemed that the reserve wasn't met. On this thread, a SV is being offered by RM with estimate of $1.2-1.4M.

Some prefer the wider, more muscular haunches of the SV along with its mechanical improvements (revised rear suspension, chassis stiffening and vented rotors).

However, some actually prefer (it's not just that they can't afford a SV) the more subtle lines (the eyelashes, the rear-end light clusters etc.) of the P400 and P400S. As you probably know, the P400S' did receive some chassis stiffening improvements that are seen on the SV. And late S' got vented rotors. The reported horsepower improvements with each iteration are often reported to be overstated and some experts actually say that the P400 might be the quickest in a straight line because of their light weight (just don't brake, try to turn or go over 130mph). Only the late SV's got a split sump (although the shared sump makes warming up the gearbox really quick) and only a handful had a dry sump.

I own a P400 and have driven other P400's and P400S'. I have never driven a P400 SV. I am not sure that the performance improvements and the cosmetic differences are worth $500k. But that's just me.

 

I agree with RADNOR..

I currently do not have a Miura...and dont intend on getting one again. I had a total of 5 in a two year span a few years ago, from the small tube frame light weight 400 all the way to the SV latest version with AC and split pump.

Neither of the car's were my cup of tea..however they are to a lot of people. I just prefer from the CT and beyond. But I can say, of all of them the Lp400 "S" was the best for me AND I dont care what anyone says..was just as fast if not faster then the SV. It drove well, and IMO looked better over all then the SV trying to grow out of it's skin.

Prices have been bouncing back and forth of the last 18 months. I highly dought you will see another SV sell for over a million for a while...and IMO, truly not worth the premium price over a good quailty "S" car, for that matter a good DD Countach at 250K..

 

I agree with both of you, Radnor and roytoy2003. I have an early P400S, and I prefer it to the SV's in appearance and performance, but of course that is personal. Just shocked that the values are going up so quickly and needed a reality check. No intention of selling it, just wondering how much to insure it for, seems we have to keep adjusting the numbers. I noticed Gary Bobileff has a nice 1969 P400S for sale at $689,000, which confirms your figures Radnor.
Thanks to both of you for your time.

 

Gentleman,
The Miura S listed just sold at a full price offer. Obviously, the offer was accepted! I currently have 3 other Miura's for sale as well, that are not advertised. Regarding the SV, the overall structure of the SV is radically different then the S model, as there are many different reinforcements on the SV, as the passenger foot wells are much bigger and are "beefed up" , as well as many other chassis reinforcements. Driving the S model compared to the SV, the improvements are immediately noticeable. Much more predictability in handling.
Gary Bobileff

 

Thanks for your help and comments Gary.

 

I have just noticed this thread!

I will second what Gary says from the technical aspect.

Additionally, one must remember that even in 1972 when SVs were $20,000, they were twice the price of a P400 at $10,000. That ratio has simply carried along the years.

To answer rgscorsa's original question, not many Miura's are selling compared to 3-4 years ago, and this makes it difficult to gauge and establish a price-guide. Many cars advertised in Europe are cars with stories or provenance issues and those are exactly the cars that today's selective market stringently avoids. Most Miuras in the USA are now trading hands privately/discreetly and so again it makes it difficult establish benchmarks. Since the market is passing on cars with issues or needs, let me just focus on what I think impeccable cars might be valued at, based on my own dealings:

A very nice P400 without needs is @ $450k.

A very nice P400S without needs is @ $650k.

A very nice SV without needs is @ $1,000,000.

FWIW, I have recently sold a nice Miura SV for in excess of $1,000,000 and that did not include commissions.

Collectors and buyers vote with their wallets. Accordingly, the Miura is the most important & iconic Lamborghini, and I look for that trend to continue.

Hope this info is helpful.

 

Can you guys compare the drive of a 400s with a 250 Lusso?


Both for me are just beautiful creations and if Roy chimes in he will most likely point out my dislike of all other Lambo's

 

I'd like to experience whatever it is that makes SV's worth that much more than the P400's and P400S'. Any SV owners in the Mid-Atlantic region who might afford me this opportunity, please PM me.

 

There's a white Miura that comes to cars and coffee. Want me to ask if he's interested in selling?

 

Very helpful, thank you so much!

 

You trying to get me divorced?


I will need to now fly out to see your beauty and this one day. Unless its brown interior. Or blue.

Let me know

 

Yor wife will be pleased...

http://www.ferrarichat.com/forum/showpost.php?p=139838607&postcount=136

Either way, you should try and make it out to the "right coast" sometime.

 

Brown interior doesn't excite me. Yours is haut tho.

Thanks for the link.

 

Look, let's be brutally honest here. Yes, the SV drives and is so much more predictable than a P400 or S model, but is it worth almost twice the price? Some say yes, some say no. But for the individual that wants the best, the SV is the only way to go. How can you justify the almost double price of the SV compared to a P400 or S? Happens all the time. I don't see a tremendous shortage of buyers in Palm Beach or Beverly Hills or similar areas. Granted, not all properties in those communities are mega mansions, as there are some " affordable" properties there. But those " affordable" properties are still probably 6,8, maybe 10 times greater in price than comparable properties selling in just mediocre areas. Why? Because the land is irreplaceable, same theory holds true for the SV. Prime real estate on wheels!
Gary Bobileff

 

I think Gary has summed it up perfectly. I think I get it. Now I see that I probably don't need that ride afterall. It is not about performance. After all, just about anything half-decent that you buy today will run circles around these cars from Cadillac CTS wagons to Subaru STi's let alone 911's or 360's or any other more exotic hardware.

It is about being a style icon. A snap-shot in time of the pinnacle of automotive design. A very exclusive "ne plus ultra" icon and the SV is that.

 

I remeber the day when a 275 2 cam was half the price of a 4 cam. Today the gap has narrowed and in some cases special 2 cams have exceeded a 4 cam for value (alloy, 6 carb, long nose or the Shaughnessey barn find).

If I were a betting man I'd say the gap will narrow in values on the Miura variants. Early cars are usually the pure design and most after that are a compromise for the market or governments.

If the same were true in Countach world then a periscope would be less than a later variant and this is not the case.

 

About 3 years ago the gap narrowed, but I think the spread has opened again with all the SV sales the last 2 years..

 

Very nicely put!

The SV is the type of car where if you have to ask.....

 

I have a late S and a late SV. Echoing earlier posts, I'd say for most driving applications you'd be hard pressed to tell the difference, but there are differences. The differences are becoming less obvious over time, because what typically happens to S and earlier cars is that they get restored with subtle changes that make them pretty comparable to SVs performance-wise (rear lower A-arm cross bracing, split sumps, vented brakes, assorted lubrication and bracing upgrades). To the untrained eye, it's hard to spot the upgrades between a stock and modified S, but collectively they make a noticeable improvement.

My S didn't need too many improvements, but I added a Wallace-mod, adjustable shocks, SV rims, split the sump and added an LSD, just to see what that would do (may make it worse- we shall see).

What makes the biggest improvement of all is a car that's properly sorted. A well cared for early car will be far for enjoyable to own than a neglected later model, which will give you fits.

 

I have similar modifications to my S, and two roadracing licenses which equals to a Miura driven to and cornered at very illegal speeds, yet never have had any complaints about the cars handling. In fact I love it's feel. The key thing is what you mentioned, keep it in top shape and if you want to drive it illegally fast in the US then make the modifications. I have a P400S road test from an issue of Road and Track, dated April 1970 indicating .85g of cornering power, which was at the time the highest recorded figure, so for sure an S is not a cornering pig to begin with. I'm sure an unmodified one still will not compare to a SV in the handling department, yet your average owner/collector will never be pushing any of these cars to the limit any way. Bottom line is if you have any of these cars just maintain it, enjoy it and drive it, that's what they are designed for.

 

Yeah....if I want to drive something to within an inch of its life, I think I will be choosing something else from the stable. Within reason (or even slightly unreasonable), I find the handling fine.

 

There is a Miura S P400S series 2 project for sale in the US for $1.8m.

 

More information...or it's not true... ;-)

 

Send me a message and i will pass you the details.