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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.

'World's Most Expensive Car Crash' results in 10 charged [w/video]

Justice is slowly being served to those drivers who were involved in a 10-car pile up in Japan last year that saw eight Ferrari models, one Lamborghini and three Mercedes-Benz vehicles hauled off for scrap. As you may recall, the lead driver lost control of his machine, pin balling into those following behind and doing some $4 million in damage in the process. Now the 61-year-old lead driver and nine others have had their cases sent to prosecutors.
The group are currently being charged with suspicion of violating traffic laws. We'll take a moment to wait for the laughter to die down before continuing.
Prosecutors claim the drivers were exceeding the speed limit and not paying attention to the road when the incident happened. Six people were injured in the dust up, but everyone survived. The group was on their way to a supercar event in Hiroshima. Feel free to watch the original news reports below.

Lamborghini Miura and Countach driven back to back in bid to make Autoblog staff jealous

For the Autoblog staff, we're in the honeymoon phase following the Monterey car week and Pebble Beach Concours d'Elegance. In terms of big, huge, labor-intensive events on the horizon, we're free until the beginning of October, when we'll ship off to Paris for its annual motor show. That means we're free to look back on the beautiful metal out in California, which included more than a few classic Lamborghinis, including the Miura and Countach.
Unfortunately, we never had a hope of getting behind the wheel (believe it or not, asking exceptionally wealthy car collectors to borrow their meticulously maintained, extraordinarily rare vehicles doesn't elicit immediate cooperation). Considering this grave injustice, we're left taking solace in the latest video from Car, which sees the British outlet taking spins in both the Miura and Countach. The pair of vehicles served as forbearers to the modern supercar, with the former's early mid-engine layout and the latter's aggressive, wedge-shaped styling.
Take a look at the latest video from the lucky bastards team at Car.