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This Lambo LM002 just changed hands for $467,000

James Lisle
Content producer
11 Dec 2017
2 min read

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.

$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.

James Lisle
Content producer
James Lisle (aka J3) likes all things cars. Cynical and enthusiastic in equal measure, James loves to clamber into anything with a steering wheel and a decent amount of grunt. Although it may seem the J3 glass is half empty on first acquaintance with a new ride, he maintains a balanced approach and will happily lose himself in technical details relating to even the most common, mass market models. Bore and stroke ratios, specific output stats, and thermal efficiency figures are his guilty pleasures.
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