Official Countach Value Thread

FWIW there is a supposed anniversary car that may soon be available for "somewhere" in the 80's. It does, apparently, run according to the seller, as it had a rebuild a decade ago with about 2k since. However, we are as yet to verify that this car actually is in the possession of said individual. He gave us a VIN that exists, and in an area that he claims to have it (near KS and MO border). Could possibly have another few issues, but very hard to say. Maybe if it becomes real, someone could go have a look see? Ahem, Brian pops to mind.

We shall see. I though the moment of truth was supposed to be last week.

 

It depends on how extensive, a person wants the restoration to be. You can spend 75K, on just stripping, disassembly, and the paint.

 

I was going to say the same thing Ralf, but clearly you beat me to it!

Please send pix of 1068. New interest...

 

LP 400 periscopa in Germany: 470.000 EUR

http://suchen.mobile.de/auto-inserat/lamborghini.countach.lp%20400%20periscope%20aluminium.singen/159165859.html?useCase=Direct&lang=de&pageNumber=1&tabNumber=1&adLoadingVersion=bottom

 

it is! I am getting so dizzy with these cars flipping. That car was gone at $350K about not that long ago, i though it went to japan.
Now it is 1/2 mil in euros and an in Germany... go figure. I am sure someone knows something about the travel here.

now that is overpriced. the car is like new and the resto was great. but it is not original. IMO at this price you want an original car.
note that 470K euro is 33% more in $$..
What is up with this sudden jump in pricing these car lately? they are also associated with fast flips it seems.

 

this car won't sell for 470k euro
overpriced

 

Is it something odd with the rear lights or is it just me?

 

It sold by Fantasy Junction for $345k plus fees.

It was also being promoted here.
http://www.kristafuentes.com/LP400/thiscar.html

The car was totally restored by its New York owner, from its original colors of "Arancio" with "Bianco" interior as seen below.

Short story: Around the time of its restoration some 4 years ago, the NY owner approached me to sell the car. Bear in mind during this time-frame I was a multiple LP400 owner myself. He stated that he wanted $500k US, and since I'm in the business of making deals I replied that this was an unlikely scenario because it was $150k over market. I asked him: "where are you getting these numbers from? I do this every day of the week, and I promise you its not going to fly". He then stated to me that the car would be going to Pebble Beach, and at that point he would be asking even more - $600k this time. I wished him luck with the sale and apologized for not being able to bring him what he desired. In the meantime between then and now Ive sold 7 different LP400 at market prices. Fast forward a couple years, and I see the car is for sale and could be bought a Fantasy Junction at $350k, $250k lower than his predicted number of $600k. Obviously, he had to eat a rather large slice of humble pie.

This story illustrates what I have been advocating recently. I have seen markets become sale-proof because the participants within them are simply being unrealistic. The general populous then perceives that market to be over-the-top and moves on to some other interesting make of car. I seriously think that certain variants of Lamborghini are in danger of suffering a downturn due to lack of demand caused by this very thing.

I know I have a (perhaps annoying) tendency to compare our market to the Ferrari market, but I do so because I specialize in Ferrari Supercars (288 GTO, F40, F50, Enzo) and I have noticed that the definition of that market as a result of pricing based on realistic references causes a lot of deals to get done! Deals mean great cars get into the hands of enthusiasts and are out there on the roads getting driven! I feel if classic Lamborghini owners were sometimes not so pie-in-the-sky with their thinking, the market would be healthier.

Case in point: the silver/blue LP500S that asks $350,000. I wont even comment other than to say it makes collectors think owners of classic Lamborghinis are generally unrealistic and therefore the perception is that dealing with them is not worth the drama. That's unfortunate, and it hurts the make, but sadly it happens. A client of mine ready to buy a Countach went and instead spent $350,000 on a (much less exciting) Daytona because he thought the Countach seller was simply gouging him. Sure, I got the Daytona sale so what am I complaining about, but I love Countachs and wish he would have perceived a good deal. Another client I have been trying to persuade to buy a Countach for months just bought an Enzo last week which he perceived to be a good deal at over a million, yet he thinks the Countachs that he likes are generally overpriced. Go figure, but this is how the people who drive the market think. By the way, as I have said to some privately, YES, it is these collectors we can thank as the main reason Periscope Countachs are no longer $125k cars, because they were willing to step up and pay strong money for nice examples of Lamboghinis in the past. I think they still will, so far as they think the price has a great reference point in the market.

All this is IMO and is based on my own dealings but I hope it gives anyone reading this a perspective on why I take the position that I do.

Best,
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LP400 rear lights do not have the reflector beneath the brake lights as with all cars from LP400S to LP500QV. This may be what you are seeing. If you see an LP400 with the rear perspex containing those reflectors, I can tell you without a shadow of doubt that they have been replaced as a result of some rear-end trauma.

Hope that helps.

Best,

 

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Well, at $626,000 US, mine is $2k less and with out question a SUPERIOR CAR!!

http://www.catsexotics.com/web/used/Lamborghini-Countach-LP400-1976-Lynnwood-Washington/1047399/

AND just for the record, since this is all about tracking them. I had a SOLID offer in writing of $500K from a collector in Japan as well as slightly lower offer froma collector in Greece this past week..both were declined..
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That car is beautiful.

 

You are probably right. So all LP400 cars are like this from the factory, correct?

 

Agreed. Last year, when I bought, prices were still OK. Had I still been looking today, my thought would have been that these sellers are nuts and moved on to something else

 

That is true.

Alos consider that a restored car in non-original colors, especially those that didn't even exist on the factory's chart is not appealing to many people nowadays.

 

Correct.

 

I got pretty much the same call..probably after calling Joe first..I also ahd to shy away as due to the non correct colors, as well as other items that were not correct on the car..I do recall at one point, prior to a RETIL sale to Japan, the car could have been bought for under the $300K mark..still did not think it was value wise at the time for such an example

 

Contrarily I find it tastefully beautiful, though the non originality is not becoming of a top dollar ask. I think this has shaved at a minimum $125k from the current ask, probably significantly more. Someone's gonna take a haircut, IMO. Add in easy credit and this flipping quick profit stuff reeks of housing bubble.

 

Peter:

Yes you are correct. All Albert Silvera's cars were to unusual livery and 1120056 was no different. It was officially "rosso dino" which is widely regarded as blood-orange or reddish orange. I got this car also with nothing but a pink slip and I put its entire history, books & tools together myself. I contacted family members and showed them pictures and the color was exactly as they remembered it in the 70s. Then I uncovered some documents. You can see the factory letter refers to the car as "red" but the warranty docs refer to it as "Rosso Special". Clearly the sales department wasn't speaking to the service department!
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+1 How do you uncover documents like this?

 

you used to ask... I got these papers too in 2001. Only one I miss is the original invoice to the dealership. It was JBL in Paris. If anyone knows someone there I'd love to hear from it.

I see Thepenier was involved in Silvera's car. I bought a Merak SS at from this dealership in 1984 and to be honest, despite the official "distributor" title, the guy at the sale always gave me the impression of a flight by night.
May be the crowed there was better in the 70s.