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Rare early Lamborghini Countach sells for record $1.2 million

Lamborghini may have made headlines with the highly exclusive, $4.5-million Veneno and the even more expensive Veneno Roadster that followed, but when it comes to classics sold at auction, their prices seldom approach the kind of figures attained by rare classics made by arch-rival Ferrari. Early 350 GTs and rare Miuras (like the SV prototype Gooding sold a few years ago for a record $1.7 million) have been known to breach the seven-figure mark, but now the Countach is making its way into the big leagues as well.
Pictured here is a rather exceptional early example sold by Bonhams in Connecticut last week. This 1975 Lamborghini Countach LP400 "Periscopica" - so dubbed for the unique rearview mirror fitted to the first 150 examples made - has just over 10,000 miles on the odometer. With flawlessly retouched Blu Tahiti (read: French racing blue) paint and an immaculate deep tan leather interior, the Periscopica was the subject of feverish bidding before selling for $1.2 million to a buyer present at the auction, beating out a dozen or so telephone bidders.
The record price for a Countach trumps the previous record, also set by Bonhams at the Quail Lodge last August, where another '75 Periscopica sold for $836,000. The rising prices surely reflect the coming of age for the Countach, now nearly 40 years since its introduction - particularly for the generation that grew up idolizing it as the prototypical supercar. Scope it out in the artful gallery of 76 high-resolution images above and the details of the auction below.

Lambo considering Huracan GT3 for United SportsCar Championship

With all the versions of the Gallardo that Lamborghini made over the course of that model's dozen year lifecycle, we knew the debut of the new Huracán would only be the start. And now we're getting an idea of what Sant'Agata has in store. Before too long, there'll be a new Spyder, and likely a rear-drive version as well. But racing teams are more eagerly anticipating the new competition versions. There's the new Super Trofeo spec racer that Lambo unveiled in Monterey a couple of weeks ago, but now we're receiving word of a new GT3 racer as well.
Based closely on the Super Trofeo, the Huracán GT3 is reportedly being designed to meet the regulations of numerous racing series - including, the latest reports will have us know, the United SportsCar Championship that competes in North America. This according to Sportscar365.com, which spoke to Lamborghini's chief test driver Giorgio Sanna at Virginia International Raceway recently.
Unlike some of its rivals, racing has not traditionally been a core value at Lamborghini, but it has competed here and there. It previously relied on Reiter Engineering to develop racing versions of the Murcielago and Gallardo, but is said to be doing the Huracán GT3 almost entirely in-house, with a modicum of input from Dallara, the racing chassis manufacturer founded by the man widely credited with developing the Miura and Espada in the 1960s.

Watch this Lamborghini Aventador shoot flames and light itself on fire

The stationary revving of high-horsepower, high-cylinder-count Italian engines may be an adolescent pleasure among the world's wealthy, but it's a mechanical display of machismo we're usually prepared to indulge simply because it sounds so great. And it's a spectacle made all the better when one's exhaust spits flames, right? Well, most of the time. Check out this Lamborghini driver, who gets a bit exuberant with his right foot only to have disaster strike.
The driver's Aventador has no problem shooting long flames, and apparently they're hot enough to catch portions of the supercar's body alight. However, the driver's reaction might be even more unbelievable. Watch the video to see what happens - his response certainly isn't how many people would react to their supercar being on fire, perhaps because he isn't completely comprehending what's going on.
One final note; while the video's title claims that the fire is the result of a design flaw, there's not really enough information here to know if that's actually the case. The Lambo could be running an unsuitably modified exhaust or ECU to help it shoot big flames, or the issue could be as simple as debris caught in the rear vents lighting up.