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Auction Block: 1988 Lamborghini LM002

Photos: Peter Singhof ©2021 Courtesy of RM Sotheby's

Initially unveiled at the Brussels Auto Show in 1986, the Lamborghini LM002 — affectionately known as the “Rambo Lambo” — was an experimental off-road truck that represented a major departure from the Italian firm’s traditional fare. Produced from ’86 through ’93, less than 350 specimens of the LM002 would ever leave the factory, making the pristine ’88 example that’s just surfaced for sale incredibly noteworthy.

A single-owner specimen with only 22,598 original kilometers (or 14,041 miles) on the odo, this particular 1988 Lamborghini LM002 is powered by a 5.2L V12 — the same 5,167cc twelve-cylinder engine used in the 5000 QV 25th Anniversary Edition Countach — that’s mated to a five-speed transmission and fed via an early rare factory carburetor setup. Earlier this month, this Lamborghini LM002 was treated to an extensive, nearly $20,000 restoration from Ismaning, Germany-based Lambo specialists Cartech Knowledge GmbH, returning the 4×4 to its former glory. What’s more, this ’88 example still proudly wears its original Argento Metallico livery, too.

Sold with its original service book and extensive paperwork and documentation from its recent restoration, this 1988 Lamborghini LM002 (chassis # 12110) is slated to cross the auction block at RM Sotheby’s upcoming Paris, France sale on February 2nd. And, while RM hasn’t listed an expected valuation, previous low-mile examples of the Italian 4×4 routinely go for six figures.

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Photos: Peter Singhof ©2021 Courtesy of RM Sotheby’s
Photos: Peter Singhof ©2021 Courtesy of RM Sotheby’s
Photos: Peter Singhof ©2021 Courtesy of RM Sotheby’s