The Lamborghini LM002 is a favorite of ours here at CICFS, and lately, a few choice examples have appeared for sale. This is quite remarkable considering only 328 were ever produced. Powered by a Countach derived V12, this is no ordinary off roader and with specially made tires capable of high temperatures and speed courtesy of Pirelli, not much could stand in its way. Celebrities took note, as Malcolm Forbes and Sylvester Stallone owned one, and Tina Turner even had one modified with a Mercedes-Benz 5.0 liter V8 and automatic transmission. This example in California has been restored and had an extensive amount of work undertaken.
1989 Lamborghini LM002. New matte black paint. Over $80,000 invested in the restoration of this vehicle. Have receipts for $18,000 for complete engine overhaul in 2009. High performance cams, fuel injected, custom high performance exhaust, dyno at 550 hp. All mechanicals gone through. AC works excellent. OZ wheels on original Pirelli Scorpion tires (plus another set of newer Scorpion tires without outer lip available. Complete new interior, done to exact factory specs. New Pioneer Stereo, 6 disc change as well as iPod hookup. Has rear canvas cover. Warn front winch option. This vehicle has been completely gone over by the best Lambo mechanics in California. This is the best machine anywhere. This vehicle has never been off road. Note: mileage on the speedometer is in kilometers. Actual mileage converted from kilometers is 13,800 miles as of 9/21/2011.
Matte paint is quite popular these days in the aftermarket scene, but never has a paint scheme worked so well as on a truck like this. With the time and money invested in this LM002, we are certainly on the high side of LM002 values, which would be at around $120,000, possibly more.