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1988 Lamborghini LM002 SUV

  • Chassis Number: ZA9LU45A9JLA12120
Lamborghini has a history that is built upon a legacy of exotic, mid-engine supercars. In the 1980s, the firm tested the luxury, all-terrain vehicle market and the potential to apply it to military-grade applications. The idea was pioneered in 1977 with the Lamborghini Cheetah prototype with the hopes of securing a US Army contract. The rear-engined, one-off prototype showed promise but it was too exotic for the American military.

In 1981, at the Geneva Motor Show, Lamborghini unveiled a further design study based on the Cheetah, the LM001. The LM001 also had a rear-engine placement, and consequently suffered in handling and rear interior space. Lamborghini's principal, Patrick Mimran, assigned ex-Maserati engineer Giulio Alfieri to design a new concept that would address these short-comings. The result of his work made its debut in 1982. It was coded with serial number LM0002 and utilized the same V-12 engine from the Countach. With a front-engined layout, it had better handling and weight distribution, and allowed the rear cabin to be properly trimmed for six passengers. It rode on specially designed Pirelli Scorpion run-flat tires and was fitted with an early GPS navigation system.

The LM002 was officially introduced in production form at the Brussels Motor Show. It was a rugged SUV fitted with a broad array of luxuries, including leather interior, tinted windows, a high-fidelity sound system, and air-conditioning. Production continued through 1993 with just 328 examples produced.

This particular LM002 has seen limited use during its existence. It has been well maintained by a New York-based Lamborghini collector over the past seven years prior to acquisition by the current caretaker. It has its original Acapulco Blue paint and gray leather interior with wood accents. In 2011, Valentino Balboni signed the car's dashboard.

This SUV has is factory-optioned toolbox, tonneau, and owner's manual. Power is from a 5167cc dual overhead cam V-12 engine fitted with six Weber carburetors. The 455 horsepower produced by the engine is sent to the rear wheels via a five-speed manual gearbox. At all four corners are ventilated disc brakes.

By Daniel Vaughan | Oct 2015

2018 RM Sothebys : Monterey

Pre-Auction Estimates :
USD $350,000-USD $450,000 
Lot was not sold

2015 Gooding & Company - Arizona

Pre-Auction Estimates :
USD $225,000-USD $275,000 
Sale Price :
USD $176,000

1988 Lamborghini LM002 Auction Sales

Recent Sales of the Lamborghini LM002

(Data based on Model Year 1988 sales)
1988 Lamborghini LM002
Chassis#: ZA9L00000JLA12103
Sold for USD$321,476
  2022 RM Sothebys : Monaco Grimaldi Forum
 
1988 Lamborghini LM002
Chassis#: ZA9L00000JLA12110
Sold for USD$304,528
  2022 RM Sothebys : Paris
 
1988 LAMBORGHINI LM002
Chassis#: ZA9L00000JLA12103
Sold for USD$476,532
  2021 RM Sothebys : Milan 2021
 
1988 Lamborghini LM002
Chassis#: ZA9L00000JLA12092
Sold for USD$260,000
  2020 RM Sothebys : Open Roads, Fall
 
1988 LAMBORGHINI LM002
Chassis#: ZA9LU45A8JLA12108
Sold for USD$187,000
  2017 Bonhams : Scottsdale, AZ
 
1988 Lamborghini LM002
Chassis#: ZA9LU45AXJLA12109
Sold for USD$192,500
  2015 RM Sotheby's : Motor City Auction
1988 Lamborghini LM002 image  1988 Lamborghini LM002 image  
1988 Lamborghini LM002
Chassis#: ZA9L00000YLA12114
Sold for USD$162,931
  2015 Rétromobile by Artcurial Motorcars
 
1988 Lamborghini LM002
Chassis#: ZA9LU45A9JLA12120
Sold for USD$176,000
  2015 Gooding & Company - Arizona
1988 Lamborghini LM002 image  1988 Lamborghini LM002 image  
1988 Lamborghini LM002 SUV
Sold for USD$62,000
  2011 Mecum Auctions - Monterey, CA The Daytime Auction
 
1988 Lamborghini LM002
Sold for USD$93,500
  2008 RM Auctions - Classic Car Auction of Michigan
 

Lamborghini LM002s That Failed To Sell At Auction

1988 Lamborghini LM002's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1988 Lamborghini LM002ZA9LU45AXJLA121092019 RM Sothebys : Amelia Island $325,000$375,000
1988 Lamborghini LM002ZA9LU45A9JLA121202018 RM Sothebys : Monterey $350,000$450,000
1988 Lamborghini LM 002120802011 Bonhams Les Grandes Marques à Monaco $80,000$120,000

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1988 Lamborghini LM002

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