This Rare 1970s Lamborghini Could Be Yours for $1 Million

Mike Maez/Courtesy Gooding & Company

It is one of just 158 examples ever built and comes with a fascinating provenance.

If you are in the market for a new car or are just looking for a super special holiday gift, then you’ll want to be paying attention to Gooding & Co.’s upcoming Geared Online virtual car sale.

The California-based auction house just announced that a very rare 1975 Lamborghini Countach LP400 Periscopa will be part of the auction later this month and it is expected to fetch between $900,000 and $1.1 million.

Mike Maez/Courtesy Gooding & Company

Dubbed “the definitive 1970s supercar,” the now-iconic LP400 Periscopa almost didn’t make it to production, as its predecessor LP500’s “kinetic” silhouette was considered too outrageous for the early 1970s. But in 1972, Ferruccio Lamborghini, who was personally involved with its development, gave it the go-ahead after lead engineer Paolo Stanzani and factory test driver Bob Wallace drove a prototype Countach to Sicily and back.

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The following year, the Longitudinale Prototipo 400, or LP400, made its official debut at the 1973 Geneva Auto Show and after some design modifications, 158 models were produced. According to factory archives, the LP400 that is up for auction was the 32nd car to leave the production line before being shipped to Saudi Arabia. 

Mike Maez/Courtesy Gooding & Company

It was originally finished in a Blu Metallizzato shade with tobacco leather interiors and it features scissor doors, “origami-like” bodywork, a four-liter V-12 engine, and a periscope-style rearview mirror (that also inspired its name).

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According to Gooding & Co, this LP400 is in a very good condition and has not suffered from any modifications or serious accident damage. The car has also retained its original matching-numbers engine.

Mike Maez/Courtesy Gooding & Company

Other highlights of the auction, that starts on October 26 and will be open for bidding until October 30, include a 1956 Maserati A6G/54 Spider estimated to sell for more than $2 million, a 1957 Mercedes Benz 300 SL Gullwing with an estimate of $1 million-$1.3 million, and a super sleek 1964 Ferrari 250 GT Lusso, the estimate of which is $1.4 million-$1.8 million.