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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.

eBay Find of the Day: 1992 Minardi-Lamborghini M191L

Think of Italian Formula One teams and Ferrari is first and foremost to come to mind. But the Prancing Horse team is not the only game in town. What is today known as Scuderia Toro Rosso was once, and for two decades, known as Minardi. And for one (unfortunately unsuccessful) season, it was powered by Lamborghini.
That season was 1992, when Christian Fittipaldi (Emerson's nephew) drove for the team, substituted by Alex Zanardi for a few races and teamed up with Gianni Morbidelli - the Italian driver who just took the Superstars championship this past weekend.
Alongside the Modena team it supplied the year before (to even less success), the Minardi partnership was one of only two Italian teams which the F1 division established at Lamborghini under Chrysler ownership would motivate power. It yielded a sixth-place finish at the Japanese Grand Prix as its best result, but the coupling of an Italian engine in an Italian chassis is what makes it stand out in history. Valentino Balboni drove it for demonstration events at Road Atlanta and Sebring, and now that car is up for auction on eBay Motors.

Lamborghini teases engine sound, but of Sesto Elemento or Cabrera?

Lamborghini has launched a website for something it calls the Hexagon Project. The mysterious page asks that you submit your email address, and then it gives you a taste of glorious V10 engine noise, with the message: "Listen to your instinct. Discover the roar of a new creature from Lamborghini. That will be just the beginning."
But where is that wonderful noise going to come from? Since we don't see Lambo launching a front-engined, front-drive minivan in the near future, we're guessing it'll be found in the back of some low-slung, edgy super car.
In our minds, that leaves two candidates. The popular opinion, perpetuated by our friends at Jalopnik, is that this is the engine for Lambo's Gallardo replacement, rumored to be called the Cabrera. This is a sound guess, although the naming of the site, Hexagon Project, makes us think that there's more to it all than just the Cabrera's new engine.