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    11 December 2017

    This Lambo LM002 just changed hands for $467,000

    By James LisleJames Lisle
    • How much would you value a good LM002? (image credit: rmsothebys.com) How much would you value a good LM002? (image credit: rmsothebys.com)
    • While half a mill seems like a lot, that's probably pennies in comparison to fuel bill alone. (image credit: rmsothebys.com) While half a mill seems like a lot, that's probably pennies in comparison to fuel bill alone. (image credit: rmsothebys.com)

    As classic car auctions go, that's quite a lot. But is it justified?

    If you’re one of the many who’ve been pressing their faces against their screen for more information on Lamborghini’s twin-turbo Urus, the thought of a cheap, second-hand LM002 might’ve crossed your mind.

    It's big, it's bad, and it isn't that well known by the general public, too. So it won't be as flashy as its 21st-century counterpart either. Well, as 'flashy' as Lambos go, anyway.

    But while the Urus will arrive in Australia with a handsome asking price of $390,000, this 1990 Lamborghini LM002 just got auctioned off at the RM Sotherby’s Auction in New York for $467,000.

    • While the LM002 was built as a heavy duty off-roader, it also 'tried' to be a performance orientated drive too. (image credit: rmsothebys.com) While the LM002 was built as a heavy duty off-roader, it also 'tried' to be a performance orientated drive too. (image credit: rmsothebys.com)
    • Power windows, air conditioning, and big locking diffs all 'round were some of the offerings to justify the mammoth price. (image credit: rmsothebys.com) Power windows, air conditioning, and big locking diffs all 'round were some of the offerings to justify the mammoth price. (image credit: rmsothebys.com)
    • Who do you think does leather better, the Italians or the Brits? (image credit: rmsothebys.com) Who do you think does leather better, the Italians or the Brits? (image credit: rmsothebys.com)

    $467,000! Just for reference, the exact same auction house later sold a 1989 Lamborghini 25th Anniversary Countach at $268,000. That's one of the US-spec, fuel-injected 'last of the breed'-type monsters, by the way.

    So while we’re good fans of the ridiculously fabulous LM002, we have to admit that that's a whole lot of coin for an oversized Countach. Even one that's only done 30,823km.

    It must be said, however, that before the 'Rambo Lambo' went up on auction, $323,000 worth of meticulous restoration was spent on the engine, interior, and exterior. All up, it took around five years to complete.

    Amongst the changes was an Alpine stereo system, a reupholstered interior, a new exhaust system, two OEM ECUs, and the iconic, 325-section run-flat Scorpio tires.

    So, which one would you rather then?

    What do you think of the super-expensive LM002? Do you think it's worth the money? Tell us what you think in the comments below.

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