Market Watch: Lamborghini 400GT prices climb strongly

Price bulletin, 24 March 2021.

Classic Cars archive

by Phil Bell |

These civilised grand tourers have powered up into our top 40 Price Guide Climbers On The Up this month.

A 5.3% move brings the price of rough project cars to £200k, with presentable examples typically £260k and the faultless examples making £325-395k, depending on levels of perfection.

This was the evolution of the original Lamborghini, the 350GT, a riposte to Ferrari's uncompromising sports cars of the period. The 400GT brought a comprehensive if subtle re-style to the Touring bodywork, 2+2 seating and a continuation of the four-litre version of the Bizzarrini-designed V12 first seen in the last few 350GTs to be built.

It's part of the collectable class of classics that had seen big growth in the past decade before the supply of buyers willing to pay ever more dried up. The 1966 example pictured sold for $869k in Gooding & Co's 2014 Pebble Beahc auction. The 400GT is now part of a subset of those same cars that are gently picking up again.

This month's list of 48 classics on the up contains just seven *£100k+ classics, five of which are £200k or more: six from the post-war chrome and curves era and one pre-war. We are seeing a steady trickle of these high-value classics showing growth each month. As we've come to expect, old car values have their ups and downs in response to market sentiment and wider economic forces, but in the longer term, desirable and relatively scarce classics will always find more buyers than there are good examples for sale, adding upward pressure to prices.

Overall, beyond that solitary pre-war car, our climbers include 13 pre-1970 cars, 12 Seventies, 10 Eighties, 10 Nineties and two millenials. After our seven £100k+ entries, just two are £40-100k, three are £20-40k, seven £10-20k and the remaining 28 are all below £10k.

Price Guide Movers On The Up is part of 30 pages of market tips, analysis and buying advice in the latest issue of Classic Cars

*Price category refers to those in mint condition.

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