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£342.5k

1988 Lamborghini LM002

RM Sotheby's • UK • 12 Jun 2024

Market Position:

Highest 10% of Past Sales

Track live values and receive listing alerts

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£342,500

1988 Lamborghini LM002

UK • 12 Jun 2024

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Vehicle Details

AI Listing Summary

This 1988 Lamborghini LM002 is an early production, carbureted example with 17,273 kilometers. It features an Acapulco Blue exterior over a Grigio leather interior and has been owned in Sweden, Italy, the Netherlands, Kuwait and the UK. The car has benefited from recent recommissioning and component replacements, but shows wear.

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Condition 

7

The vehicle is described as a quality driver's example with 17,273 kilometers. It retains its original configuration and benefits from recent recommissioning of braking, ignition, and fuel systems, as well as replacement of several components. It shows some wear, but overall solid condition.

/ 10

10,733 miles

ZA9L00000JLA12092

United Kingdom

Manual

1988

Auction

£342.5k

1988 Lamborghini LM002

RM Sotheby's • UK • 12 Jun 2024

Market Position:

Highest 10% of Past Sales

Track live values and receive listing alerts

Description

Lamborghini’s former CEO Patrick Mimran was just 26 years old when he ingeniously took his company’s LMA off-road prototype to the 1982 Monaco Grand Prix.

The behemoth circulating the pristine streets of the principality made for an inspired publicity stunt that truly grabbed attention.

Four years later, the outrageous-looking production LM002 was ready to earn its deserved “Rambo Lambo” nickname.

As well as royalty, Formula 1 World Champion Keke Rosberg, rock queen Tina Turner, and Rambo himself, Sylvester Stallone, came to count themselves as owners.

Despite the utilitarian styling and originally intended military application, the LM002 managed to combine supercar-baiting performance with genuine luxury.

Behind the burled wood and leather dashboard sat a 5.2-litre, 48-valve V-12 lifted from later Countach models.

The early LM002s were fed by some six dual-throat Weber carburettors to produce 444 brake horsepower.

Slick use of the dogleg five-speed, close-ratio ZF gearbox could...

Price Analysis vs Other LM002s

£132,183

Lowest Price (Since 2020)

£298,325

Median Price (Since 2020)

£552,248

Highest Price (Since 2020)

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World Record

If this vehicle sells at the mid-point of its estimate it will set a new world record for the [enter model]

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Highest 10% of Past Sales

Compared to previous sales, the sale price placed this vehicle in the highest 10% of past sales for the LM002.

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Lowest Price

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Average Price

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Rare Sale

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Previous LM002 Sales

MOT Information

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Latest MOT mileage:

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MOT History

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MOT Mileage Trend

Gallery

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Auction House Headquarters

RM Sotheby's

1 Classic Car Drive, Blenheim, Ontario, N0P 1A0, Canada

Operating from Blenheim, Ontario, RM Sotheby's is a physical auction house handling high-end classic, historic competition, and collector cars. They conduct live auctions globally and offer vehicle consignment and private sales.

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