Lamborghini bull market?
06/28/2014
We were already used to the rising prices of the LamborghiniMiura , the aesthetically and constructively innovative mid-engine sports car of the sixties. Miuras scratched the million mark or even exceeded it at auctions. The successor Countach, however, was usually priced significantly lower.
This changed on June 27, 2014, when Bonhams sold an early LP 400 from 1975 for a whopping CHF 1,450,192 or EUR 1,192,396 at the Goodwood Festival of Speed auction .
This proud result not only made auction history (world record), but also challenged previous "laws". Or was it?
In fact, there were two more Lamborghinis for sale. One of them was also a Countach, a right-hand drive LP 500 S model from 1983 (pictured above), which found a new owner for a seemingly paltry CHF 172,623 or 141,937 euros. While the later S and SV models of the Miura usually fetch higher auction prices, the more powerful and muscular LP 500 S had to settle for just 15% of the value of the earlier LP 400.
For speculators who wanted to bet on the future, there was a third Lamborghini for sale, a left-hand drive Diablo VT with less than 20,000 km on the clock from 1993, for which CHF 121,521 or Euro 99,918 was enough to take the ignition key.
So we cannot yet speak of a general Lamborghini boom and the less sought-after Espada or Jarama models will probably remain cheap. But the second-born bull named Countach has at least caused a small stable revolt at Lamborghini.
The complete results of the Bonhams auction at the Goodwood Festival of Speed can of course also be found on Zwischengas.
