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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.

Lamborghini Miura from 'The Italian Job' is for sale

Just one month ago we posted on "The Ultimate Lamborghini Miura" going up for sale, a 1968 Miura that had been turned into a built-to-race Miura Jota. This one might be even better, and it is certainly more famous: the 1968 Miura P400 from the opening scene of the movie The Italian Job. Two Miuras were used in that opening scene and some aren't sure that this is one of the actual movie cars, but most sleuths believe it is – and the story of its history since filming is so wild, it could have come from the movie. Iain Tyrell, the owner of Cheshire Classic Cars in England, said he received a tip last Christmas that the Miura was in Paris. The coupe's owner led him to a secret, underground parking garage and gave him three hours to verify that it was indeed from The Italian Job, a challenging task since no one knew what happened to the car since Paramount Pictures returned it to Lamborghini at the end of filming in 1968. It seems that Lamborghini sold the Arancia-colored coupe to an Italian dealer, and it had four owners up to 2005 when Norbetto Ferretti bought it. Ferretti is not only one of the founders of the Ferretti shipbuilding group, he is the son of the dealer who bought the Miura from Paramount after the movie - and neither Ferretti nor any of the car's previous owners realized it. Octane magazine ran a 15-page feature in its March issue with all the forensic details matching this car to the movie car, however, even the magazine says it can't be sure. A different classic car broker recently put it up for sale, but that broker still doesn't believe it's the movie car. Top Gear called the film car "the coolest car in the world" in 2004, and if it is the real deal it's said to be worth more than one million pounds, or $1.5M US. Tyrell and his partner Keith Ashworth have listed the car for sale, the price "POA," which means "price on application" in UK-speak. In layman's terms that means, "Bring money." In the video below you can see the star of the show in the movie's opening scene. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Lamborghini reveals Asterion LPI 910-4 hybrid hypercar concept

There are automakers that roll out concept cars regularly as a matter of course, and there are those that rarely do. Lamborghini falls squarely in the latter category, which makes the vehicle you see here - revealed just a day before the Paris Motor Show - such a rare treat.
It's called the Lamborghini Asterion LPI 910-4, and if you're familiar with Sant'Agata nomenclature, you're probably already picking apart its specs based on those letters and numbers: LP for longitudinal posterior, telling you this is, like all other contemporary Raging Bulls, a mid-engined supercar. 910 tells you how much metric horsepower it packs. The 4 tells you it's all-wheel drive. But along with the name Asterion, borrowed from a mythical minotaur (a hybrid man-bull, for those unschooled in Greek mythology), it's the letter I - standing for "Ibrido" - which speaks of the novelty of this concept.
That's right, you're looking at the first gasoline-electric hybrid Lamborghini. A plug-in hybrid, in fact, that can travel 31 miles on electricity alone. The powertrain combines the 5.2-liter V10 and seven-speed DSG from the Huracán (good for 610 metric horsepower) to a trio of electric motors (good for another 300) to bring total output up to a claimed 910 - equivalent to 897 hp by our standards - assuming all four motors are running at peak output at the same time. That makes it the most powerful Lamborghini we've ever seen, and puts it in league with the McLaren P1 and LaFerrari. The result is a 0-62 time quoted at three seconds flat and a top speed of 199 miles per hour, or up to 78 mph in pure electric mode.