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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.

Leno stretches Lamborghini Diablo's legs for latest Garage installment

While posters of the Lamborghini Countach decorated the walls of many boys' walls in the 1980s, the Diablo filled that spot for young men in the early 1990s thanks to its extreme styling. In its latest video, Jay Leno's Garage welcomes a beautiful, white 1991 Diablo into his garage for a look back on what is now a classic supercar.
Unlike some of the vehicles Leno shows off, this one doesn't belong to him. Instead, veteran Italian car mechanic Franco Barbuscia owns it. He has been maintaining Jay's Countach for years. A '91 Diablo is an archaic supercar by today's standards. It doesn't have power steering, anti-lock brakes or obviously anything like traction control. It's just a big V12 hanging behind the driver with a wonderfully meaty roar that emanates from the exhaust.
Franco's Diablo might actually be better than new. It has a few upgrades to aid in drivability, like re-spaced pedals, a carbon-Kevlar clutch and more. Apparently all of the tweaks help a lot because, "it rides smoother than my Carrera GT," Leno enthuses about the car. Scroll down to reminisce about this Italian classic and get an ear full of its wonderful sound.

Lamborghini Aventador LP720-4 50 Anniversario Edition leaked

As part of the celebration of its 50th anniversary, Lamborghini has created a new version of its Aventador called the LP720-4 50 Anniversario Edition, and images of the black and yellow machine have leaked out online ahead of its official unveiling at the Shanghai Motor Show.
Looking past the bumblebee-spec paint, this Lambo will boast 710 horsepower - or 720 metric horses, which explains its mouthful of a moniker - to go along with an estimated 0 to 62 time of just 2.9 seconds and a top speed of 217 miles per hour. All that speed will be managed by a special carbon fiber aero kit that is reportedly 50 percent more efficient than before.
A report from Carscoops indicate that the Italian automaker will build 100 examples of this anniversary-edition Aventador, though how many of them will be painted in this arresting Giallo Maggio color we don't know. We expect all the details will be flowing forth soon enough, but until then, content yourselves with the high-resolution image gallery above.