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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
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 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 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.
Vehicle | Chassis | Event | High Bid | Est. Low | Est. High |
---|---|---|---|---|---|
1988 Lamborghini LM002 | ZA9LU45AXJLA12109 | 2019 RM Sothebys : Amelia Island | $325,000 | $375,000 | |
1988 Lamborghini LM002 | ZA9LU45A9JLA12120 | 2018 RM Sothebys : Monterey | $350,000 | $450,000 | |
1988 Lamborghini LM 002 | 12080 | 2011 Bonhams Les Grandes Marques à Monaco | $80,000 | $120,000 |
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1988 Lamborghini LM002
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