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BMW Z8, Lambo LM002 sell for $192,500 apiece in Detroit [w/poll]
Wed, Jul 29 2015Think a car are a bad investment? That all depends on what kind of car you're talking about. Because while most cars depreciate in value as soon as you drive them off the lot, others can do even better than hold their value. The cars that appreciate tend to be pretty high-end exotics, but they don't have to be multi-million-dollar classics to command a premium at auction. Just look at the results from RM Sotheby's Motor City sale in Detroit this past weekend. The auction house moved a solid $7.4 million worth of metal, which is pretty impressive when you consider that – unlike events at Lake Como or Pebble Beach – not one of the lots dipped into seven figures. 1930s-era American classics performed the strongest, with Duesenbergs, Packards, Auburns and the like all fetching hundreds of thousands. But what intrigued us most were the European exotics that rounded the top ten results. Amidst the Depression-era American steel were a BMW Z8 from 2001 and a 1988 Lamborghini LM002, each of which sold for an equal $192,500. Hardly the highest figures paid for European exotics this year, but considering how much they were worth just a few years ago, they've proven solid investments. BMW only made 5,703 examples of the Henrik Fisker-designed retro Z8, of which only 2,543 were brought to the United States, where they originally sold for $128,000. The most anyone had ever paid for one at auction, according to Sports Car Market, was $184,082, just this past March at Silverstone. That makes the price achieved this weekend a new record for one of the slinkiest vehicles the Bavarian automaker has ever made, representing an impressive 50-percent increase in value over the course of fourteen years. This particular example – chassis WBAEJ13481AH60437 for those keeping track – is decked out in silver over black, with less than 15,500 miles on the odometer. This Rambo Lambo was produced early in the 301-unit production run, with the sought-after carbureted engine and 32,000 miles on the clock. It didn't set any records at the same price, other examples of the LM002 having traded over the past few years for over $200k. But considering that Sant'Agata originally charged around $120-130k for the SUV when it was new, its selling price still represents about 50-percent appreciation (leaving inflation aside).
Ken Okuyama's Kode 0 brings classic '70s design to the Quail
Sat, Aug 19 2017Ken Okuyama designed this, the Kode 0, to invoke memories of such classic '70s supercar designs as the Lancia Stratos Zero, Lamborghini Countach and Ferrari Moduro. But its retro-futuristic looks are only skin deep. The Kode 0 sits atop the guts of a current Lamborghini Aventador, including its naturally aspirated 6.5-liter V12 engine. Due to its full carbon fiber bodywork, the Kode 0 weighs just 3,417 pounds. That's more than 600 pounds lighter than the Aventador upon which it's based. With 690 horsepower and 507 pound-feet of torque, the Kode 0 can hit 60 miles per hour in just 2.9 seconds. The Kode 0's dramatic wedge-shaped design is inspired by the works of Marcello Gandini and flows seamlessly from front to rear. Its almost impossibly short rear overhang and slanted roofline draw the eye toward the acute crease that makes up the rear portion of the passenger compartment. It's certainly striking, especially when the doors open to reveal bright green highlights hiding behind the bodywork. The Kode 0 is radically different but equally as stunning as the Kode 57 that Okuyama unveiled at the Quail last year. See for yourself in our high-res image gallery above. Related Video: Featured Gallery Ken Okuyama Cars Kode 0 View 11 Photos Image Credit: Copyright 2017 Drew Phillips / Autoblog.com Design/Style Lamborghini Coupe Luxury Performance Supercars Pebble Beach
Lamborghini Veneno Roadster stands in for fighter jet aboard Italian carrier
Tue, 03 Dec 2013How do you draw even more attention to $4.47 million hypercar? Placing it atop an aircraft carrier in the Persian Gulf ought to do the trick, as Lamborghini has demonstrated with the live reveal of the new Veneno Roadster on the flight deck of the Italian Navy's Cavour.
Docked in the port of Mina Zayed, Abu Dhabi, the 787-foot flat-top is being used as a floating showcase of Italian products, with Lamborghini chosen to represent the automotive industry. A fitting location to unveil a roadster that looks like the half-breed lovechild of a fighter jet and a Le Mans racer, particularly since Sant'Agata is bound to find in the Emirates a buyer for at least one of the nine Veneno Roadsters it will produce.
"We are honored that Lamborghini was chosen to represent the Italian car industry in the UAE, as a perfect example of iconic Italian super sports cars, and that we have the opportunity to show the Veneno Roadster for the first time in Abu Dhabi, said Lamborghini chief Stephan Winkelmann. "Lamborghini has an extremely strong following in the region for its super sports cars, with the Middle East one of our largest markets in the world." Turn up the Kenny Loggins and ride into the danger zone with photos from the event in the gallery above and the press release below.