Official Countach Value Thread

Regarding the value comparison between the lp400 to the lp400S, I feel the early 400S should be much closer to the lp400 in value. If a comparable dd is at par with a S1, the S1 is under valued at this moment.

 

This is assuming the seller was charged the 10% fee. Often it’s lower or at zero depending on the situation. I think what some one was willing to pay is the market not what the yield was post various expenses a sellers incurs.

There was the red S1 Velocity was selling a couple years ago it didn’t do very good and was for sale for a long time. I heard it was in average to good condition.
https://www.velocitymc.com/vehicle-details/1979-lamborghini-countach-lp400-s-series-1-coupe-6d080075b52546b592eb67dd839239c2

 

the S3 is also worht more than a 500S

 

Perhaps, I can see that, but the market often sets value at a level that we don't necessarily think is logical for innumerable reasons so it's not about what we feel but what it is.

I know the gentleman personally, he netted in the upper 600ks, meanwhile feel free to call me in person and I'll happily discuss the real-world scenario of trying to sell an LP400S S1 today, specifically, one of the most perfect original ones extant in the USA, it's not easy to sell them for what I seem to easily sell Downdrafts, that's the real world of the market, I'm not speaking of hypotheticals such as what they should be, what we expect them to be or what we want them to be, meanwhile the Velocity car underscores what I'm saying.

Bear in mind that my main point is that market formulas between the variants can and will change over time, there are dozens of examples of that over the years as can be seen from collated market data.

I can see how that's sometimes the case, but that's not an absolute and there are examples to underscore this.

Moving along, just an observation, but it's been a few years since we have seen asking prices for any LP400 under $1m http://classicdriver.com/en/car/lamborghini/countach/1976/660330

Another observation which underscores the sensible notion that some illogical asking prices are no indicator of real value http://classicdriver.com/en/car/lamborghini/countach/1990/467852

As regards auction news, Rock N Roll legend Rod Stewart's LP400 in back-to-original guise is coming up for auction next Friday http://classicdriver.com/en/car/lamborghini/countach/1977/729850 significant because the singer is perhaps the most prominent celebrity with the longest-standing ownership history with Lamborghini, he started with a Miura P400 in the late 60s, and as far as I can make out as regards the V12 Supercars, he's has Miura P400, Miura P400S, Miura P400SV (2 of them), Countach LP400 (this car), Countach LP500S, Countach Downdraft, Countach 25th, Diablo, Diablo Roadster, and currently still has a yellow Aventador. I'm not sure any other prominent personality tops his brand loyalty but perhaps I'm missing someone else. Anyway, LP400 1120262 crosses the block next Friday in case you want it, I'm not sure his California 'RIVA 1' plates are included

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Guess we'll just wait for the market to come back to its senses.

1120262 looks fantasic!

 

Here is a question to whoever got an answer. How many Countaches is there currently in the US?

 

DD’s always were and still are rare particularly in the US. Supply and demand kicks in and that effects the pricing. In EU they were cheeper until recently when collectors took notice with this thread surly helping. Any one know how many DD’s are in the US?

 

I'll be there but definitely not for bidding...

 

It does look much better than when it was cut into a Targa!

Markets are difficult to predict but easy to record & chart.

I think @ 30 give or take.

 

The lp400 is priced up there. may be the DD QVis a judged better value at 1/2 the price ?

 

This car has been for sale forever! It that the blue one the guy on TV, shark tank I think, is owning?
I saw another red one lately under 1MM and in the 800k. 400 seem to have gone down a bit but I am not that close to the market and it may just be the one I saw.

 

Of course, and I think they are more than 1/2 price now.

Yes, I was first offered 1120154 @ 10 years ago and it has mostly been for sale since then in the USA and then the Middle East and now in the USA again.

No the one the gentleman from the Shark Tank owned was 1120172.

Yes LP400 have gone down a bit.

 

Any thoughts on the value of the side draft (82-84) cars? Thanks.

 

As if to underscore the point I have been trying to make above, a client on the scene in Paris tells me the ex-Rod Stewart LP400 1120262 in back-to-LP400 guise has not sold at a high-bid of $700k, well below the low estimate, if that's accurate it supports the changing of values formulas I've been referring to.

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Of course this Raging BullSh*t did not sell!
The worst restored LP400 I've seen in 15 years!
And all that Rod Stewart blabla didn't fool true enthusiasts. There's literally NOTHING about Rod in this car anymore!
No more RHD, no more special, oh and interior color is not even matching with original Tabacco.
Seriously. Look at the position of the side turning signals, is that a Countach QV?? The lower part of the front air intakes? The lower black trim of the rocker missing? The position of the Countach rear emblem? Ever heard of Vitaloni Sebring side mirrors?? The list is way too long. Some people were tought a good lesson today... once again.

 

Lol , interesting comments reg this variant,

not shure what you are saying, out of 600 or so qv cars ( not counting anniversary ) more than 50% where carbed, beeing an international market,where all Countaches are exempt from US import restrictions,and air travel is very common amongst most, as we know it. The rear variant is imho the lp 400
N

 

would you concider this perticular car a good representative for the lp 400 variant?

 

All fair comments, however the result underscores what I'm saying.

Assuming it had actually sold at say $700,000, it could back to Lamborghini's Polo Storico and $450k later all it's sins would be forgiven and for $1,150,000 you'd have Rod Stewart's RHD Rosso/Tobacco in better-than new condition.

Contrast this with a number of years ago when an LP400 in even poorer condition sold for $1,870,000 https://www.goodingco.com/vehicle/1974-lamborghini-countach-lp400-periscopica/ and $430k later it was restored and for $2,300,000 we had the original Verde/Bianco LP400 again.

Whichever way you want to look at it, LP400 values have decreased very significantly in the past few years, whereas, in fact Downdraft values have actually increased in the same span of years, that's the basic point I'm making and this is easily supported by sales data.

FWIW 1120262 car wasn't restored at all in the true sense of the word, it was just given a quick refurbishment to it's current guise, meanwhile, I've seen fabled Ferraris & Lamborghinis in much worse condition than 1120262's current status rise from the ashes to become Pebble Beach-winning stars celebrated from then onwards in their second life, having had the benefit of a complete thorough restoration by a worldwide authority. A full restoration done right is like a remanufacture, perhaps only better. 1120262's current status is far from the kiss of death, this car could benefit from a total restoration by Polo Storico and IMO it might make perfect sense at $700k or even a bit more. I understand that many would pass on this car as many people only see problems, but let's not forget that others only see possibilities, as such I will not be surprised to see 1120262 restored by PS in the near future.

Depending on one's preference for original or restored, a good representative of any variant is either a totally restored car done faithful to the original spec or a beautifully-preserved original example, as we all know 1120262 is currently neither, but it still has the chance to become the former.

 

Victor will explain you exactly why haha

 

Joe #1120262 was totally restored, but in the incorrect way. The mechanic was done by Top Motors. I saw the car there in person a few years ago. A restoration is a long research process of correct materials like paint code, OEM &NOS parts, right leather & carpets and of coursce vintage photos of the particular car to verify the correctness of your results. I don´t need to tell you, you restored several cars. Particular on this car, some points were just missed completely.

 

IMO the car needs MANY adjustments but not a complete restoration. Just my 2 cents.

 

agreed 1000%
this is the perfect example of what not to with a car like that (heavily modified but with interesting history)

all the Rod Stewart history cancelled so that's no more sense to advertise it as "look this is Rod's car! his countach"
and not a very good, well done restoration with all correct details either.

i think when you do something like work on a car with such a different life, you should sit down and take your time to decide what to do with it, before unbolting first part from the car

 

Fair comments, but I think we are using the expression restoration a bit loosely.

A restoration is the act of bringing the car completely back to it's former basic specification and the fact that it wasn't even returned to Right Hand Drive specification, a pretty major aspect of the car's original guise, means it wasn't restored in the true sense of the word IMO.

That's always an option depending on what the owner wants.

I agree with this carefully considered approach towards restoration.

But again, my focus is not the proper way to restore a car or whether 1120262 was restored correctly or fully, rather, the point I am trying to make is that LP400 values have decreased very significantly in the past few years, which is not the case with all variants.

For example, 1120172 sold for $1,320,000 @ RM in 2015, and the same car in the same condition (yes, I inspected & drove it personally) sold by the same auctioneers at the same venue just 2 years later in 2017 for @ 25% less at $1,034,000. I am confident that if this car were to cross the block today in the same condition in which it was when I inspected & drove it, the result would be a further reduction on the 2017 result. This underscores the simple point I'm making based on accumulated sales data.

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Interesting. That is quite an hair cut in 2 years!. I wonder if the 400 just did not stray too far from the other v ariant in terms of value. Should compares be similar to the 365BB an 512BB? Or is it that cars above a Mil just see a major reduction is the buyer pool lately? wonder why because everyone says this economy is so fantastic.