Lamborghinis at auction

7k in profit on a $300-400 car is not that much.
For comparison, wonder how much RM netted on this Countach?

Edit: To answer my own question: $33,500
That's almost 5 times as you as the seller netted.

Sellers/owners do all the hard work here:
First buy it, prepare and fix their cars, transport, etc.
Then the auction house gets away with suddenly profiting way more!
I really wonder if these auction houses are necessary?

To much dough disappears into their pockets if you compare what they've actually invested in the actual car.

Yeah, I here your replies now:
They need to set up the auction, organize their webpage, tell all their "friends" and clients about the sale, rent space at the hotel/venue, pay their staff etc etc.

IMO they are parasites that have invested zero in the car and have no risk here!
No risk at all. Think about that.
Seller is risking everything and here he gets paid the least.
Something is clearly wrong IMO.

And $8k in transport to Monterey for just a single car? Must be a typo.
If so, the transport companies are starting taking advantage here as well.

 

Anyone having the RM result for the Ex Jim Kaminski 1965 Lamborghini 350 GT?


Lot 331
1965 Lamborghini 350 GT by Touring
To be auctioned on Saturday, August 15, 2015
Estimate $800,000 - $1,000,000

Chassis no. 0220
Engine no. 0175
Body no. 18001

One of 131 examples built
Original matching-numbers engine upgraded in period to 400 GT specifications
Thorough two-year restoration by marque specialist Gary Bobileff, which was completed in 2015
Fascinating period documentation, including factory build sheets
Foundation of the Lamborghini supercar tradition



Chassis number 0220 was one of approximately sixty-seven examples built in 1965, and it was originally finished by the factory in Grigio Saint-Vincent with a Tobacco-colored leather interior. As indicated by an original factory chassis card, on July 7, 1965, the car was sold new to the Marquis Alessandro Cisa Asinari di Grésy, of Galliate, Novara, the heir to a line of nobility that owns some of Piedmont’s most noted vineyards. Mr. di Grésy was an ardent automotive enthusiast. Documentation suggests he purchased the 350 GT from the well-known LAMBOCAR dealership in Milan.

A May 1966 letter to the Marquis from Gian Paolo Dallara himself discusses the topic of upgrading the Lamborghini’s 3.5-liter motor to the new 4-liter displacement, and it is believed the modification to its original engine was undertaken sometime later that year. A 1979 letter from Allesandro Artese of Lamborghini to the then owner states that the car is a genuine 350 GT, according to company records, which clarifies that it was upgraded very early in its life.

In 1974, this handsome 350 GT was purchased by Jim Kaminski, one of the area’s most fervent marque enthusiasts and the founder of the Lamborghini Owners Club. Chassis number 0220 experienced ideal care while in his ownership, and by 1979, he began to explore the car’s provenance with letters to the di Grésy family and the Lamborghini factory. The car is believed to have spent the most of the next 30 years in Florida while under Mr. Kaminski’s care.

By 2013, the aging 350 GT was owned by Mario Velardo, of Ossining, New York, a well-known Lamborghini enthusiast and occasional Italian car show judge. Mr. Velardo commissioned a full engine rebuild by Auto Elite, of Tenafly, New Jersey, specialists in premium Italian sports cars.

More recently acquired by the consignor, this 350 GT had been the subject of a comprehensive restoration by one of the nation’s foremost Lamborghini experts, Gary Bobileff of San Diego. Mr. Bobileff fully refreshed all mechanical systems and completely restored the original coachwork, including performing a bare-metal repaint in the correct factory-original color scheme of Grigio Saint-Vincent. Executed to the typical high standards of a Bobileff restoration, the two-year nut-and-bolt refurbishment was just recently completed, resulting in breathtaking quality. The entire process was also photographed and documented, adding further detail to the car’s fascinating history file.

This 350 GT is an immaculate statement in Italian GT motoring and is now inviting future ownership to bask in its Bizzarrini-designed V-12 glory. It is accompanied by a 400 GT manual, jack with bag, and a deep file of documentation, including period correspondence, a letter to the original owner from Gian Paolo Dallara, a Touring body number log page, and a factory checklist.

Chassis number 0220, featuring its original matching-numbers engine and coachwork, is a rare and exquisitely restored example of the elegant grand touring cars that reshaped the landscape of premium Italian automobile manufacture. It should be welcomed at top-tier vintage Italian car events, such as Concorso Italiano and La Belle Macchine, and offers its next caretaker the considerable performance of the period-upgraded 4-liter V-12.



1965 Lamborghini 350 GT by Touring | Monterey 2015 | RM Sotheby's
Image Unavailable, Please Login

 

Yes I know. Perhaps to lucrative?
But if you are a dealer and have a well known, up and running organisation, why would you pay an auction house 5 times your net profit to sell a specific car?
To me it just doesn't sums up, sounds logic, or right for that matter.

And for the end buyer/user/enthusiast the gross amount paid could have been shaved off considerably going directly to the source, IMO.

And if you look at the major auction houses busy schedules, you will be pretty impressed of the frequency the are setting up the table.
So I think they are eating more and more now of the "car collector cake" then ever.

 

Thanks for posting the result.
Image Unavailable, Please Login

 

Looks that this 25th didn't sell either.
It also seems that bidding halted at $215,000...


1989 Lamborghini 25th Anniversary Countach
4,602 actual miles
Red/tan
Lot 1050
Offered in stunning original condition…down to the plastic wrapper on the kick plate!


Recent Full Major Service
Serial Number: 12664
Engine Number: 12664
True Mileage: 4,602
Estimate: $350,000 - $425,000

An extremely low mileage example in stunning, original condition.
The 1989 Lamborghini Countach 25th Anniversary Edition finished in Rosso Siviglia over Beige Leather interior. 4,595 actual miles.
This Countach 25th Anniversary Edition is offered in absolutely stunning original condition…even down to the original plastic wrapper on the pedal box kick plate! Full major service, including a new clutch and more, performed 4/4/2014 totaling over $18,000.00!
The ultimate iteration of the world’s most famous and outrageous supercar, built to celebrate Lamborghini’s 25th Anniversary. Presented in outstanding colors and incredibly original condition down to the original plastic wrapper on the pedal-box kick plate. One of just 657 examples produced in all. Fewer than 7,400 original kilometers (4,600 miles) indicated. Stunning and enduring performance and visual statement.



With only an approximate 7,400 original kilometers (4,600 miles) of use and finished in stunning Rosso Siviglia (Seville Red) over beige leather upholstery, this 1989 Lamborghini Countach 25th Anniversary beautifully marks the final evolution of the legendary Countach. An incredibly original example, it even retains the original, as-delivered protective plastic wrapper on the pedal-box kick plate! Mechanically, the Countach benefits from a full major service, including installation of a new clutch and other items, performed on April 4, 2014 with the work totalling over $18,000. As summed up by Classic & Sportscar, “The Countach still stacks up as one of the most exhilarating, richly compulsive and spiritually resonant drives there is. Its shadow will remain a long one.” Now is the time to buy a Countach and this final-series 25th Anniversary model is certainly one of the finest and most desirable examples available.


1989 Lamborghini 25th Anniversary Countach; 4,602 actual miles | Rick Cole Auctions
Image Unavailable, Please Login