1967 Lamborghini 400GT Convertible

We are pleased to offer 1967 Lamborghini 400 GT 2+2 s/n 0877, now a Lambo 400 GT drop-top with the spyder conversion done by Newport Specialty Cars in Huntington Beach, California. Today 400 GT s/n 0877 offers top-down driving in a great-looking; great-running; great-driving and well-serviced 400 GT that would be an instant stand-out at your local Cars & Coffee meet-up or a weekend canyon run. Newport Specialty Cars in Huntington Beach are experts in Spyder conversions as they have done several hundred spyder and cabriolet conversions on Ferraris, Lamborghinis, MBZs and more. Go to www.NewportConvertible.com for their website. In 2020 Lambo 400 GT s/n 0877 was shipped to Newport Specialty Cars for a spyder conversion priced at $79,500.00 followed by a repaint and a very major service and restoration work. Today the drop-top is easy to use, going up or down is a one-man operation and it comes with a Tonneau cover that is easy to snap into place when the top is down.

Lamborghini burst upon the small world of limited-production super-exotic cars in March, 1965 at the Geneva Motor show with the introduction of the Lamborghini 350 GT. At a time when the Ferrari 330 GT 2+2 had a steel body, twin-cams, triple Webers, a 4-speed with overdrive and a solid rear axle, the all-new Lamborghini 350 GT was clothed in a light-weight Superleggera alloy-body by
a four-cam 3.5 liter V-12 with six side draft 40 DCOE Webers and a smooth-shifting 5-speed ZF transmission put power to the rear wheels through a bullet-proof Salisbury self-locking differential. The 3.5 liter V-12 was good for 280 hp at 6,500 rpm. Handling was impressive thanks to a fully independent four-wheel suspension and braking used dual Girling power boosters. The Lamborghini 350 GT was an evolutionary step well over Ferrari’s competing 330 GT 2+2! Lamborghini also built two 350 GTS Spyders which were constructed by Carrozzeria Touring in 1965 with s/n 0325, finished in Gold with black leather first shown at the November 1965 Turin Auto Show. The second 350 GTS, s/n 0328 was finished  in black with green leather. These two Factory built spyders are probably worth $2,000,000 plus each today. Lamborghini produced only one hundred-twenty 350 GTs before replacing it with the Lamborghini 400 GT in 1966.

The production 400 GT was designed as a 2+2 and was first shown at the 1966 Geneva Auto Show, with the bodywork by Carrozzeria Touring. The body was now steel with a higher roof line, larger side windows and a smaller back glass. The larger body shape enabled the +2 seating to be installed in the rear,  The 400 GT 2+2 also had a Lamborghini designed gearbox, with Porsche-style synchromesh on all gears, which greatly improved the drive train. Thanks to the 4-liter engine power was increased to from 280 hp to 320 hp at 6,500 rpm. Only 227 total 400 GT 2+2 were built from 1966 to 1968.

Our feature car, 1967 Lamborghini 400 GT 2+2 s/n 0877 is the 107th of 247 400 GTs built and was sold new in early 1967 by Lambocar, then the Lamborghini dealer for Milan, Italy. 400 GT 2+2 s/n 0877 was most recently sold by RM to the current owner in May, 2020 and only a month later was shipped to Newport Specialty Cars, Huntington Beach, Ca, for the drop-top spyder conversion at a cost of $79,500 USD. 400 GT 2+2 s/n 0877 was next treated to a complete repaint in red at a cost of $22,000 before going to Tim Taylor’s Red Car Restorations in Rockwall, Texas in 2021 for a mechanical restoration which included a rebuild of the carbs and a full rebuild of the steering. All suspension “A” arms came off and were painted and re-bushed. The front and rear suspension uprights were also rebuilt as were the rear half-shafts and the full brake system. The cylinder heads came off, the valves were ground and the upper-engine was re-assembled, timed and tuned. An all-new exhaust system was also installed.

The ongoing service and rebuild  invoices from Tim Taylor’s Red Car Restoration for 2021 included $5,770.41 on 20 Jan., another $5,137.04 on 28 Jan., another $2,339.81 on 3 Feb., and yet another $1,646.18 on 09 Feb. Work continued in March with $2,592.77 on 10 March, another $5,955.95 on 17 March and then another $4,854.65  on 23 March and another $5,838.94 on 31 March. Suspension and carb work continued in April with $4,376.48  on 6 April followed by $3,396.87 on 13 April and another $5,233.27 on 20 April and again with a billing of $2,674.87 on 27 April, 2021. In late April a valve job was started with a billing of $5,171.53 on 24 June, another $2,188.89 on 07 Oct., followed by $3,379.07 when work was completed on 13 Oct., 2021. In 2022 additional work was done by Tim Taylor’s Red Car Restorations, Rockwall, Texas, including a wiring and light check for $4,071.77 on 18 May and another $4,041.89 for radiator work on 28 June, 2022. We have copies of all invoices on file, e-mail us for PDF copies.

S/n 0877 is still powered by its original Giotto Bizzarrini designed 4-liter V12 engine # 0851, topped off with 6 Weber carburetors, and thanks to the tuning by Tim Taylor’s Red Car Restorations the 4.0-liter V12 delivers a smooth yet impressively powerful ride while the exhaust note is everything you would expect from a classic Lamborghini V12: pure and exhilarating. Additionally the engine and engine bay are very nicely detailed with red cam covers, fresh plating on all engine bay hardware and carburetor linkage components and the correct colors and decals on the air cleaners and all accessories. Thanks to the full suspension, brake and upright rebuild the suspension, underneath panels and chassis all show as new. She sits on an excellent set of Borrani RW 3831 15 x 6 1/2 wire wheels with Pirelli 205 R 15 Cinturato CN tires. The spare is a Lamborghini Factory mag wheel. The trunk is nicely detailed and carpeted and comes with an original sales brochure, a Lamborghini buyers guide and a Lamborghini 400 GT parts book.

The drop-top conversion was carried out to a standard equal to or exceeding factory requirement. 400 GT 2+2 s/n 0877 looks great with the top up or the top down and when the top folds down it is almost out out sight, with an easy to use tonneau cover that snaps in place. The interior is a nice place to be and has obviously been redone in the recent past, with a large wood-rimmed Nardi steering set in front of a black leather covered dash and the black leather dash pod housing a full set of Jaeger instrumentation. The light tan carpets are in near-new condition and are protected by Lamborghini logo’ed throw carpets. A Borletti air conditioning unit features large vents and is mounted under the glovebox where it blow cold. Additionally the power windows can be lowered for fresh air cruising. The body is straight and the red paint is near-new and has no flaws.

Today Lamborghini 400 GT 2+2 s/n 0877 is one of just 247 Lambo 400 GTs built and is the only drop-top Lambo 350 or 400 GT extant in North America. If you are a Lamborghini  aficionado that wants to go topless, backed by the sound of a  Giotto Bizzarrini  designed 4-cam, 4-liter V12 engine fed by 6 Weber carburetors that exemplifies Lamborghini’s earliest design and engineering efforts, this is your ride. Comes with all service invoices, title and sales paperwork and dozens of pages of service and restoration invoices. This is a car that will be welcomed with open arms at most prestigious historic events and will also provide great driving pleasure for Cars and Coffee meet-ups, Canyon runs, short journeys or long-distance road trips. Needs nothing. Shows 82,879 kms or 51,498 miles.

S/n 0877 GT. 400 GT 2+2. Engine # 0851. Body # 23857. # 107 of 247 400 GTs built. From new in Azzurro Fiat/Nero

1967, 26 Jan., delivered to Lamborcar in Milan, Italy.

2016, 08 Sept., California title issued to Randall Poland, 7515 Estates Road, Reno, Nevada,

2020, 21-29 May, offered at RM Sotheby’s Driving Into Summer online auction in California. “This 400 GT is finished in the splendid color combination of red over tan. The exterior is accented by brilliant bright work and a Talbot-style mirror on the driver’s side. It rides on Goodyear Eagle VR60 tires mounted on Campagnolo-style wheels, with a full spare concealed within the trunk. The interior is a nice place to be, with a large wood-rimmed steering set in front of a black leather trimmed dash housing Jaeger instrumentation. The door cards, console, and seats are all trimmed in a tan leather. A Borletti air conditioning unit is mounted under the glove box. Additionally, power windows offer a natural relief from the heat.

2020, 30 May, sold post-auction by RM for $410,000 USD to Gene Ponder, 4901 Victory Drive, Marshall, Texas, 75672.

2020, 13 July, contract to convert 1967 Lamborghini 400 GT s/n 0877 into a drop-top spyder conversion with Newport Specialty Cars, at a cost of $79,500 USD.

2021, 17 April, new Texas title issued to Gene Ponder, 4901 Victory Drive, Marshall, Texas, 75672.

2021, 20 Jan., a mechanical restoration was started by Tim Taylor’s Red Car Restorations, Rockwall, Texas, rebuild carbs, start full steering, suspension and brake rebuild, with a valve job and new exhaust, invoices for $5,770.41 on 20 Jan., another $5,137.04 on 28 Jan., another $2,339.81 on 3 Feb., and yet another $1,646.18 on 09 Feb.,. Work continued in March with $2,592.77 on 10 March, another $5,955.95 on 17 March and then another $4,854.65  on 23 March and another $5,838.94 on 31 March. Suspension and carb work continued in April with $4,376.48  on 6 April followed by $3,396.87 on 13 April and another $5,233.27 on 20 April and again with a billing of $2,674.87 on 27 April, 2021. In late April a valve job was started with a billing of $5,171.53 on 24 June, another $2,188.89 on 07 Oct., followed by $3,379.07 when work was completed on 13 Oct., 2021.

In 2022 additional work was done by Tim Taylor’s Red Car Restorations, Rockwall, Texas, including a wiring and light check for $4,071.77 on 18 May and another $4,041.89 for radiator work on 28 June, 2022.

2022, 22-24 Sept., offered again by RM Sotheby’s at their Gene Ponder Collection sale but withdrawn in the weeks prior to the auction.

2026, April, on consignment with Mike Sheehan’s Ferraris Online LLC.