Bonhams Auction slammed the hammer down on a final bid of $1.21 million for this 1975 Lamborghini Countach LP400 "Periscopa" last weekend, setting a record for the model. Named after the periscope-style rearview mirror the first 150 Countach models came with and finished in original "Blu Tahiti" with a "Naturale" leather interior, this is the first Countach to break the million-dollar mark. The previous record paid for a Countach – also a 1975 Periscopa – was $836,000.

Sold new to Zurich, Switzerland, in 1975, this particular model headed to the States in 1978 where it was bought by the same consignor who put it up for auction at Bonham's Greenwich sale last Sunday. Its single owner history combined with a meager 10,252 miles on the odometer, the long term owner's meticulous maintenance, and original 375-hp 3.9-liter V12 all contributed to the record sale.