Rare Lamborghini LM002 Sells For Staggering Amount At Auction

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The final bidder paid twice as much as a brand-new Lamborghini Urus.

The Urus may have the honor of being Lamborghini's first mass-produced SUV, but it isn't the first time the automaker has strayed away from supercars and entered the SUV segment. Back in the 1990s, Lamborghini launched the rugged, military-style LM002 off-roader, but only 300 examples were built between 1986 and 1992 in contrast to the Urus. Only 48 of those were built to US specification, one of which recently went under the hammer at a recent RM Sotheby's auction in New York, where it sold for a staggering amount of money.

Originally, the Lamborghini LM002 will have set you back $158,000. While prices for the Urus are rumored to start at $200,000, this rare US-spec 1990 model LM002 sold for an eye-watering $467,000 at the action, meeting original estimates of $400,000 to $500,000. Featuring a black exterior and red cabin, it also underwent an extensive five-year cosmetic and mechanical restoration costing $325,000, so it's in pristine condition to justify the price. Hard-to-find Pirelli Scorpion tires like the original SUV were found and added, and it was also modernized with contemporary upgrades including an Alpine stereo with Bluetooth as well as a new interior.

Like the Urus, the LM002 was positioned as a high-performance luxury SUV which were far less common at the time, although it was originally intended for military use. In contrast, luxury SUVs like the Porsche Cayenne and Bentley Bentayga are flooding the market, but the Urus is the fastest of them all. The LM002 also has supercar credentials, packing the same V12 as the Countach enabling it to reach a top speed of over 125 mph, and a four-wheel drive system with three self-locking differentials that made it a highly capable off-roader.

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