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Carburetted Countach QV in California with over 100,000 km on the odometer, owned by John W who bought it new in 1986 in Rome!!! Image Unavailable, Please Login Image Unavailable, Please Login
Tim: not my pics. They are by cr8visions, and I was simply drawing attention to the fact that here is one Countach purchased new, still owned by the same man, and driven to in excess of 100,000 km. A rare thing indeed.
That double wing "thing" looks horrible imo. That car needs a make-over! Love the John W story. Very interesting indeed. Would like to talk to him some day. Many questions, such as, has the engine ever been rebuilt? and the lower vents were added later correct?
If it is #0188 then it no long has that wing. The car is on display in a San Diego museum and is NOT for sale. I've been talking with the owner for years trying to get him to sell.
I agree. Very boy-racer amateurish. In fact, although I know that the Wolf cars (1120148 and 1120202), the Spazzapan car (1120188) and the Silveira car (1120222) are historically important Countachs, they are rather lacking in terms of aesthetic appeal. Brutal-looking from a 'Muletta' or 'Prototipo' standpoint, but a bit tacky in finish, if you see what I mean.
Anyone care to share their thoughts on if the highest number a freshly-restored LP400 Periscopa should bring was $315,000 (no sale at hammer)? I have no problem with it, but was it a reflection on this particular car? Can we conclude that the top level for these is currently that number? TIA Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
I would imagine some of small missing or wrong details on the car and the two tone interior deter a higher price. But overall, the market probably is hovering around that mark?
Correct on the details, as I have said before, there is a "flight to quality" in this market, and anything that looks wrong puts the discerning buyer off. A lot of people said the interior did not look original... as for the market, I would have though $315k should have taken the car, but...
Other things weren't correct either....although the owner ( I spoke with him at LVD and at RM) said the paint was original, it isn't. Look at the missing black triangle of paint above the rear quarter window......the factory painted that black triangle in there and on his car it is all blue. The interior isn't original no matter how much he insisted on it. The spare was a space-saver from a later CT. The engine had not been opened up. Although it was cleaned and detailed well, nobody knows the condition of the rings, bearings, etc. No documentation of the miles, and it is real easy to change the miles on a CT, so documentation is necessary to confirm the odo reading. He had nothing. And more of that kind of stuff makes you wonder, and that wondering is what hurts the values in this market made up of skeptical and picky buyers. The seller was hanging around the car and his nonstop bs that real buyers knew was bs probably turned them off even more.
PS. more to add.......... I hate it when sellers claim their car was freshly restored. To me a full restoration is a complete disassembly and reassemble using all new or reconditioned parts. But more and more you hear about these so-called 'sympathetic' restorations, which really just means a paint job and interior. This was not a fresh restoration as I would define it. The engine must be rebuilt, trans rebuilt, diff rebuilt, all suspension parts removed, repainted or plated, and reassembled. New wheel bearings, new hiem joints, new or rebuilt shocks, new brake lines and on and on. Like Bobileff and like what the guys is doing to the Cannonball car little by little. IMO this one was little more than the paint job and interior for a quick-sale-restoration. This one reminds me of the similar-colored LP400 that sold at Russo Steele in 2008 for about the same money. Only partially restored, and not correctly at that, with no records. Not correctly nor completely redone.
+1 nothing more to add to your last two posts you know what you are talking about, and reflecting all you said I would conclude that 315' was a good offer for that car, if it was a real offer (we must add the premium in case of a sale)
Apparently there is confusion regarding the definition of "sympathetic restoration". In my experience it is used to describe essentially the opposite that you mentioned. Basically everything except a paint job and interior. Assemblies repaired and mechanical systems restored without destroying the original patina of a rare survivor. A car is only original once. If it ain't broke don't fix it.
To be honest, I think that they did not do a quick-sale restoration, I have seen many cars which were worse: http://www.ultimatemotors.com/restoration.cfm?RT= However, the restoration result is not really convincing (=my point of view).
From what I have seen of this car it lands somewhere between a mechanical freshening with paint and interior and a full restoration. Actually a little closer to the first. The problem is to do a full restoration costs a LOT of money and the time element goes through the roof. This money is never recovered when it comes time to sell so the feeling I get is that the work was done to a level where the best return was considered rather than placing emphasis on the best restoration. Of course when the car is finished the result is a blending of new and old parts at various stages of restoration and the old parts really stand out against anything new or fresh. As such the market is very narrow for this car because the true expert does not want it and the person wanting a solid driver may not want to spend what the owner thinks it is worth. Even though I feel the market has a long way to cool I really cannot see this car being worth more than high $200's. The seller should have taken the $315K and run. Then again I'm sure his pricing memory is a little short. I suspect he'll regret it 1 year on.