Official Countach Value Thread

I don't think having a defined market has anything to do with Keeping up with the Ferrari gang. Its just good business.

And it benefits all who have an interest in the cars: owners, dealers, enthusiasts etc.

 

I invite any & all to tell me what they honestly think this Countach is worth to them.

TIA.
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$499,999.00

 

The livery is correct, but lots of small details (all easily correctable) are not. Side-markers must geaux

 

If I had a paddle in my hand at an auction, I'd stay in the bidding to $600K. It's the right color and looks to be perfect. I'd be hanging onto it, but I'd also have faith that the value would ascend past $600K in the not too distant future, so taking a bit of a risk to have it would be acceptable to me.

Nothing ventured, nothing gained.

 

OK, glad that's the way it is seen..and YES I agree to doing that. I guess for me, since I enjoy being here and on the board..it's fun to get people saying >>"wow" whats he got now...like the First date...waiting ALL nite, looking, talking, but you just want that first kiss!


The control part is probably from my 11 years as a Cop LOL

 

On the car..the Blue 400, this is probably one of the few times I would put a number on the car for total collectabilty reason. Having done my 400, I KNOW what it costs to get it correct. I would have a few questions first:

1) Was the dash material ORGINAL OEM product, or newer today replacement product

2) were the body to the frame rivets replaced with OEM Brass products or done
with available today rivites

3) Are the wheels orginal or reproduced unit

4) All books and tools (in the orginal round case) with the car

5) Seat belts correct

6) ORGINAL ignition key

But, at a starting point, nothing that a buyers preium at Auction is 10%..I would start at $550K..I enjoy the color and the interior, but not the side marker lights, that I did remove from mine..NOT CHEAP to do, and with new body work and paint..at this point even more of a cost..had them done to mine..

 

Firstly, its important to note that this is not my personal car, but I have been approached to assess it. So I'm still gathering data, and so far the responses on value have been very generous IMO.

Dash is newer non-original product.

Rivets are painted-over so, who knows?

Original road wheels.

All books & tools.

Original Britax seat belts.

Ignition key? Don't know yet.

 

Well, in my view.

First off, these cars are just plain rare, no two ways about it. There are few examples that come up for a new owner. I als dont thin the RHD drive one that sold, the Yellow one, was a good example..I knew that car the first time it sold..I think it has less appeal as a RHD drive car and it was not a sorted out car..knowing WHAT these cars (the 400) takes to make it right and the TIME..OMG... with your answers I will stick with a 550K to start..

If the other items, were presnt..I think it can only go up from there. The pic appears to be from R/M parking lot in Monterey Auction. I dont know if the car has already gone across a block or is getting ready to across a block..?

I would not be suprised one bit to see such a cosemtical perfect looking car, in such a eye pleasing color combo for the masses approach $750K..

After all, not like you can say to the seller...."Nice car, but I have two more to go look at, I will get back to you"..

 

Obviusly you haven't seen many CT's yet.
I saw QV with 6k miles in a horrible states whereas there are examples with 20k miles still looking perfect and I saw also Garage Queens with low miles costing a fortune to make them drivable.

Forget this nonsence with the miles, there is only one important thing, was the car driven and maintained regularly, everything else is BS.
Here in Europe we prefer Drivers, 35k is better than 8k miles if the overall state is OK.
Gearbox and engine wear is mainly influenced by the way you treat the car not the mileage.

 

I agree with Raymond here... didn't the "barn find" rusted out roof DD have very low miles?
Nobody is going near that car. All things being equal mileage would come into play but how often does that happen? With cars this old it is probably number 4 on the list of interesting priorities imo. My friends' car with the most mileage is one of the least fussy cars i know of.
(p.s. Peter, you made the right color choice for your car... don't doubt it!)

 

Seems like you guys are throwing out numbers like it's not your money.............Oh, wait, its not.

I think you guys are WAY high (or perhaps you are subscribing to the adage: you didn't pay too much, you just bought too soon) on this thing, specially without knowing restoration details: was the engine rebuilt, by whom, when, was the car just painted or completely cosmetically and mechanically restored, is there picture documentation of the restoration, who did it, how long ago, what's the history of the car, maintenance records since and before, etc., etc., etc. If you are going to be generous, then do it on the right car. I'm not saying this is not that car, I'm just saying not enough information has been revealed yet to merit it.

 

So far I have had $499k, $600k & $550k estimates.

Here is what I think - I'm not nearly as generous as the rest of you are. Or perhaps its my having been involved with so many of these that makes me cautious. Added to that, I choose to put out a car that is without needs when it has passed through my hands so Id have to start with a lower number knowing this one has needs. Any number close to "5" sets off alarm bells in my head so it would have to be $400k for me.

Then consider that this LP400 will need both paint and interior. The side-markers have got to go and there is no shortcut here so to do it right I'm afraid it will have to be repainted - deduct the cost of a really good repaint. What the previous restorer was thinking, I don't know! An LP400 is all about lines & purity and thinking it would be accepted with side-markers shows a total lack of foresight. Deduct the cost too of a completely new interior - the current one uses all the wrong materials.

After paint & interior costs to consider, I'm afraid my purchase budget is closer to $350k, and because I'm a cheap SOB call it $350k to buy this car as is. Even at that number I'm taking a risk the mechanicals are up to snuff and when I do my stringent PPI, if anything major crops up, guess what, my budget reduces still further. So lets assume all is well with the mechanicals and I buy it at $350k. Id budget at least $25k for mechanical surprises and incidentals Id like to rectify. By the time I'm finished doing it my way, this will be a pretty spectacular car, but Id be in it over $425k.

Why do I think this is the right number? Because, although LP400 are ULTRA desirable and everyone and their grandmother wants one, there are probably only 1 or 2 people in the world willing to wire the money for one today. At least, that's my experience. So, I have to be sensible with the numbers.

Remember, this fits right in the middle of my stated estimate at the beginning of this thread.

In support of the above, lets review its sales history:
At the 2009 RM Auctions Sports & Classics of Monterey, 0154 did not sell for $315,000. At the 2010 Gooding & Company Amelia Island Auction, 0154 sold for $330,000 (see below sale in action). Naturally, they have gone up in value since then, so I think my proposed purchase price at $350k to allow for a budget to attend to the needs is spot-on.

At $425k invested, if it can sell anything over $450k it goes to a new home. The new home gets a perfect car with all needs attended to that they can just turn the key & drive, and be proud of. Makes sense?
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I think you should be my purchasing partner

 

LC3929 will really appreciate this picture of the original Britax seat belt buckle....
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+1

 

Yes, appreciated, that's a good one.

 

yes Roy. That is what I meant. Info not all known/released that brought a few questions on the threads. Nothing else.

 

Interesting discussion. It would make sense, that an educated buyer, who is willing to pay top dollar, would want everything perfect. I never gave much thought, to an original factory issued ignition key.

If a car needs work, it is a good idea, to consider the worst case scenario, to fix the multiple known issues - plus the unknown.