Recession knocks Lamborghini prices down

Sat, 12 Sep 2009 5:19p.m.

By Bob McNeil

 

They are one of the glamour cars of the motoring world, and in Auckland today, three Lamborghinis were up for auction.

 

But would they sell during a recession, or would the auction turn out to be a 'silence of the Lamborghinis'?

 

They can cost more than half a million dollars new, but it seems the recession has let some of the air out of their tyres.

 

"The cars are a bit of a, sort of an idea of what's going on around the recession, because when the cars are on the block for sale there's a reason for it," says Chris Broadhurst, auctioneer. "It's not just the prestige cars you know - repossessed cars are up 31 percent to date, so it's showing, it is really showing."

 

Three Lamborghinis were up for auction in Auckland today, and the elegant autos drew a crowd - but not everyone was buying.

 

The most expensive of the Lamborghinis was expected to fetch up to $260,000, and the bidding was enthusiastic.

 

In the end, the top one sold for $216,000. The other two sold for $173,000 and $154,000. The auctioneers say despite the recession, the Lamborghini is still a glamour car.

 

Really?

 

Which Auckland you talking about? and What are the cars? In What dollars?

quote "they can cost more than half a million dollars new". They're not talking U.S. dollars that

for sure.

yeh, sounded like NZ dollars, because we got a Auckland here.

And if they are older cars, there was no bargain to be had there, even in NZD.

Yeah that was in NZ dollars.

It was in all our national newspapers before and after the auction.

Our country is so small that these cars are a big deal becasue there are only a doz or so Murci's in the country.

Just over 200K for that car was bloody good buying compared to other cars on the market here.

Yeah that was in NZ dollars.

It was in all our national newspapers before and after the auction.

Our country is so small that these cars are a big deal becasue there are only a doz or so Murci's in the country.

Just over 200K for that car was bloody good buying compared to other cars on the market here.

That's what I was wondering about, such a small country and it has a functional dealership. I wonder how they keep it up and working.

Yeah gotta wonder how they keep the dealer going. They sell a hand full each year (most gallardos) maybe 6 or so.

They do have a lot of lower value cars like astons, BMW's and such.

I assume keeping them turning over keeps it alive.

so,the one over 200k was a murci and the other two was gallardos?

 

what year and how many kms were the two gallardos?

Wow murci for NZ$260K and Gallardo for under NZ$200K. Thats cheap! Oz still $400K for Murci and $300K for gallardo auction or early model years.