Lambo Espada Barn Find
Discussion
Yet another Espada in lime green has turned up. Like the one in Dorset last year, this one too has been sitting on it's arse since 1978. One owner and pretty much delivery miles back here to Guernsey via England and not registered again.
It's pretty run down and on the tatty side but for £5,000 to £7,000 may be worth a punt for a bid.
http://www.martelmaidesauctions.com/index.asp
It's pretty run down and on the tatty side but for £5,000 to £7,000 may be worth a punt for a bid.
http://www.martelmaidesauctions.com/index.asp
The story on this 'found' car (as pictured by the OP) was published as far back as April 2010
http://bringatrailer.com/2010/04/17/28-year-uk-gar...
Now for sale on Pistonheads at £54,995 after some light fettling..nice!!
http://classifieds.pistonheads.com/classifieds/use...
big_boz said:
"prety much delivery miles" in the OP's original post, then in the PH add its done nearly 60k? must have been some extensive Ferris bueller style testing during the restoration!
I think the Guernsey one has delivery miles, the one on PH classifieds is the Wimborne one with the 59k. (Although I can't be sure, I clicked the OPs link and just got a pic of a candlestick.) Vic_S said:
These descriptions are getting rediculous!barn 1 (bɑːn)
— n
1. a large farm outbuilding, used chiefly for storing hay, grain, etc, but also for housing livestock
auctioneers said:
It was last taxed and used on the road in 1996, since when it has been parked undercover outdoors.....
..... a very rare opportunity to obtain a completely original, single owner 1970s Italian supercar in 'barn find' condition.
Since when does barn mean undercover and outdoors? ..... a very rare opportunity to obtain a completely original, single owner 1970s Italian supercar in 'barn find' condition.
After 16 years of sitting outside it's going to be rotten as a peach underneath!
austin said:
Vic_S said:
These descriptions are getting rediculous!barn 1 (bɑːn)
— n
1. a large farm outbuilding, used chiefly for storing hay, grain, etc, but also for housing livestock
auctioneers said:
It was last taxed and used on the road in 1996, since when it has been parked undercover outdoors.....
..... a very rare opportunity to obtain a completely original, single owner 1970s Italian supercar in 'barn find' condition.
Since when does barn mean undercover and outdoors? ..... a very rare opportunity to obtain a completely original, single owner 1970s Italian supercar in 'barn find' condition.
After 16 years of sitting outside it's going to be rotten as a peach underneath!
And hardly "delivery mileage" at 71,598 km.
Every scrapheap breaker is a 'Barnfind' these days, I don't think there are enough barns in the world for all these discovered cars.
I know it's only one photo and that it could well be horrific underneath, but I've seen lesser cars that look a lot worse than that being saved and restored.
I dare say that a UK specialist or dealer will snap it up and have it restored and re-advertised for 65+k, but I really hope that a private enthusiast buys it and restores it for himself (...and starts a restoration thread on here).
I dare say that a UK specialist or dealer will snap it up and have it restored and re-advertised for 65+k, but I really hope that a private enthusiast buys it and restores it for himself (...and starts a restoration thread on here).
"Martel Maides Auctions will require the car to be paid for in full and removed from the premises via a low loader, at the owner's arrangement and expense, by Friday 7th December 2012."
Hmm that's where my AA membership could come in handy:
"Good afternoon and thank you for calling the AA. What seems to be the problem?"
"My car won't start and I can't get home."
"OK we'll send a technician over to you straightaway. If we can't mend it at the roadside, we'll put the car on a low-loader and bring it back home to Northamptonshire for you."
"That sounds great."
"So, can you please tell me the make and model of car and where it is?"
"Yes, no problem. It's a Lamborghini Espada and it's just at the entrance to a company called Martel Maides Auctions."
"OK, can you please tell me exactly whereabouts that is?"
"That's in Guernsey"
<< click >>
<< silence >>
"Hello, hello?"
Hmm that's where my AA membership could come in handy:
"Good afternoon and thank you for calling the AA. What seems to be the problem?"
"My car won't start and I can't get home."
"OK we'll send a technician over to you straightaway. If we can't mend it at the roadside, we'll put the car on a low-loader and bring it back home to Northamptonshire for you."
"That sounds great."
"So, can you please tell me the make and model of car and where it is?"
"Yes, no problem. It's a Lamborghini Espada and it's just at the entrance to a company called Martel Maides Auctions."
"OK, can you please tell me exactly whereabouts that is?"
"That's in Guernsey"
<< click >>
<< silence >>
"Hello, hello?"
gt500nick said:
how much would it cost to rebuild I wonder?
A proper restoration of an E Type seems to be £50K upwards, unlike the 'E' type these Espadas are much more complex with very few 'new' parts readily available..very few people can do one properly.How much?
How well do you want to restore it? Do you want to make it like new? You can't skimp on these things, if you do then the finished car value suffers more than is saved on the bodging.
For a proper nut & bolt resto job I can't be far wrong to say minimum £60K cost upwards can I? Plus the cost of the car to start with.. set that against top values being asked sthat seem to be £45-55K?
You've got to really want one to absorb that as yet unknown cost although it'll still be cheaper than a new Range Rover (Insert: any lux car) that will bleed far more in just 3 years though and the resto & finished job will be a lot of fun & satisfaction if you get the right people on it.
Your figure may well be right if you hand the car over to a specialist and ask him to give it you back when it's finished. I remember Octane featuring a nut and bolt, no-expense-spared, Ferrari 250 GTO restoration a couple of years ago. If memory serves me correct the whole job totalled 100k. That's for restoring to perfection one of the world's rarest and most valuable cars. You would have to be insane to spend the same amount to restore a road-going E-Type.
However, surely the vast majority of your estimated Espada restoration figure will be labour with a nice fat profit margin. If a specialist bought the car himself, he could do the restoration at cost and then still sell the finished car at a nice profit. Similarly, a skilled enthusiast could also do a lovely job in his own time and only have to fork out for parts and any work he couldn't do himself. Of course it would take longer, but in theory he could also sell it on for more than it cost him, especially if the market price of the vehicle increases over time.
Whatever happens at the auction, I would be amazed if this particular car is not restored, rather than broken for spares.
However, surely the vast majority of your estimated Espada restoration figure will be labour with a nice fat profit margin. If a specialist bought the car himself, he could do the restoration at cost and then still sell the finished car at a nice profit. Similarly, a skilled enthusiast could also do a lovely job in his own time and only have to fork out for parts and any work he couldn't do himself. Of course it would take longer, but in theory he could also sell it on for more than it cost him, especially if the market price of the vehicle increases over time.
Whatever happens at the auction, I would be amazed if this particular car is not restored, rather than broken for spares.
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