Car Collector International
Classic · 1968–1969

Lamborghini Islero

The conservative 400 GT replacement — Marazzi's clean-lined coupe and Ferruccio's own daily driver.

Car Collector International Editorial
Dark green Lamborghini Islero in a bright studio, front three-quarter view showing the flat bonnet with pop-up headlights, slim chrome bumper, delicate greenhouse and tan leather interior — Ferruccio Lamborghini's own daily driver.
Overview

Why this car matters

The Islero is the quiet 400 GT replacement — launched at Geneva in 1968 alongside the radical Espada as the more conservative half of Lamborghini's touring line-up. Marazzi built the bodies on the outgoing 400 GT platform; the 3.9-litre Bizzarrini-designed V12 sat up front, and Ferruccio Lamborghini himself made it his personal daily.

Produced for only two years — 125 GT cars in 1968–69, then 100 revised S cars in 1969 — the Islero is one of the rarest and most understated front-engined Lamborghinis, and one of the last cars from the pre-Countach era of the marque.

Named after the Miura bull that killed the matador Manolete in 1947, the Islero is a specifically Italian understatement — a clean-lined 2+2 coupe covering a Bizzarrini-designed 3.9 V12 that could reach 154 mph. Front-engined V12 Lamborghinis are a small and finite category; the Islero and the Jarama are the last two, and Ferruccio's own choice of daily driver gives the model a marque significance disproportionate to its 225-car production run.

Variants

Range and production

VariantYearsProductionNotes
Islero GT (400 GT)1968–1969125 built. 3.9 V12 Bizzarrini design; period power figures disputed across sources — commonly quoted 325–340 bhp for the base 400 GT (Verify). ZF 5-speed manual; Salisbury LSD. Launched at Geneva 1968 alongside the Espada. Marazzi-built body on the 400 GT platform.
Islero S1969100 built. Revised model with disputed period power — commonly quoted 350–355 bhp (Verify) — revised suspension, bonnet vent, minor styling changes and improved interior trim. Total Islero production 225 cars across both variants.
Buyer's Guide

What to look for

Provenance — Polo Storico paperwork and matching numbers

Late-1960s / early-1970s front-V12 Lamborghinis were built in very small numbers and passed through many hands. For the Islero specifically, the 'S' cars are visibly and mechanically distinct — bonnet vent, revised suspension, revised interior — and are more sought after than the base GT. Confirm chassis number, engine number and gearbox number match the factory build book; a Polo Storico heritage certificate is the strongest paper the market recognises.

Body and structural corrosion — Marazzi bodywork

Marazzi-built steel bodies rust in the sills, floors, rear arches and around the rear window surrounds. Cars presented as restored must be inspected on a lift with a paint-depth gauge; superficial paintwork over unresolved structural corrosion is common and materially resets value.

Bizzarrini-designed 3.9 V12 and driveline

The four-cam V12, ZF five-speed gearbox and Salisbury rear axle are robust but specialist-served. Verify carburettor sync, cold-start behaviour, oil pressure at temperature, cambelt / timing-chain history and evidence of recent service. A drivetrain rebuild is a five- to six-figure exercise and should be reflected in price.

Variant identification — GT vs S

The base and later 'S' cars (Islero and Islero S; Jarama GT and Jarama GTS) are visibly and mechanically distinct — power outputs, bodywork details and interior trim differ. Verify configuration against the factory build book; an 'S' badge on a base car is a not-uncommon story that must be reconciled before any premium is paid.

Pricing

What to pay

400 GT (125 built)
USD$180,000 – $280,000
GBP£140,000 – £210,000
EUR€160,000 – €240,000
Base 400 GT. Matching numbers, Polo Storico paperwork and honest bodywork drive placement within the band; project cars fall below.
Islero S (100 built)
USD$260,000 – $380,000
GBP£200,000 – £290,000
EUR€230,000 – €330,000
The 'S' with bonnet vent, revised suspension and revised trim trades at a material premium to the base GT.

Regional ranges authored independently — each reflects its local market, not an FX conversion

Ownership

Living with it

Typical mileage
1,000–3,500 miles typical
Service interval
12 months by time or 3,000 miles, whichever first
Annual running cost
$8,000 – $22,000 depending on condition and use
Fuel economy
10–13 mpg
Insurance
Agreed-value classic Lamborghini policy with limited mileage, secure storage and annual value review. Front-engined V12 Lamborghinis are underwritten alongside the 400 GT and Espada by specialist classic Italian insurers.

Body and structural corrosion

Marazzi steel bodies rust in the sills, floors, rear arches and around the rear window surround. A lift inspection with paint-depth gauge is non-negotiable; poor restorations are common given the low visibility of these cars in the market.

V12 drivetrain and driveline

The 3.9 V12 (in Bizzarrini-designed 4-cam form) is durable when properly maintained but is specialist-served. Verify carburettor sync, cold-start behaviour, oil pressure at temperature, cambelt / timing-chain history and evidence of recent service. Gearbox, clutch and rear axle require Polo Storico or specialist attention.
Common Problems

Known issues by system

Provenance

Matching-numbers reconciliation and Polo Storico certification

CriticalNot applicable — market impact only
Symptoms — Missing factory build book, non-matching engine / gearbox numbers.
Inspection — Polo Storico heritage certificate and cross-check against factory build book.
Body / structure

Sill, floor, rear-arch and rear-window-surround corrosion

Critical$15,000 – $60,000+
Symptoms — Bubbling paint, sill perforation, boot-floor deformation.
Inspection — Full lift inspection with paint-depth gauge.
Engine / drivetrain

3.9 V12 service, carburettor sync and driveline

Major$8,000 – $30,000+
Symptoms — Cold-start hesitation, oil-pressure drop at temperature, uneven idle.
Inspection — Compression / leak-down, ignition-timing check, carburettor synchronisation, cambelt / timing-chain history.
Variant identity

GT vs S (Islero) or GT vs GTS (Jarama) reconciliation

ModerateNot applicable — market impact only
Symptoms — Mis-badged sub-variant, non-original trim or bumper detail.
Inspection — Cross-check body, trim and drivetrain against factory build book.
Valuation

Current value bands by region

Each region quoted in its local currency — independent market readings, not FX conversions

The Islero is one of the smallest-volume front-V12 Lamborghinis and has historically traded at a material discount to the Miura and 400 GT from the same era, while sitting above the higher-volume Espada. Non-matching engines, poor restorations and cosmetically-refreshed structural corrosion are the standing risks and materially reset value.

Recent activity has shown softening at the top — an 'S' went unsold against a CHF 295,000–330,000 estimate in late 2025, and a further example failed to meet reserve at €169,000 in December 2025.

Auctions

Recent results

DateAuctionCarMileageResult
2025-11-01
Broad Arrow
Zurich 2025
1969 Islero
CHF 270,250
Sold
2025-02-05
RM Sotheby's
Paris 2025
1969 Islero S
€241,250
Sold
2024-10-06
Bonhams
The Zoute Sale 2024
1968 Islero 400 GT
€172,500
Sold
2023-08-19
RM Sotheby's
Monterey 2023
1969 Islero S
$346,000
Sold
Investment

Long-term outlook

Strong HoldHorizon: 10+ years

Very small production (225 total), Bizzarrini-designed V12, Ferruccio's personal association and its position as one of the last two front-engined V12 Lamborghinis together position the Islero as a defensible long-term hold. Matching-numbers 'S' cars with Polo Storico certification are the natural focus.

Our view, not advice. This section is Car Collector International's editorial judgement on where this model sits in the collector market, based on the production, specification and market data set out in this guide. It is not a recommendation to buy or sell and it is not investment advice. Values can fall as well as rise.

Recommended

The trusted network

Specialists

  • Lamborghini Polo Storico
    View →
    Sant'Agata Bolognese, Italy
    Factory-side authentication, heritage certification and restoration support for classic Lamborghini road cars.
  • Independent Lamborghini V12 specialist
    View →
    UK / EU / USA
    Servicing and rebuilds of the Bizzarrini-designed 3.9 V12 and associated driveline for the 400 GT, Islero, Espada and Jarama.
  • Concours preparation studio
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    International
    Paint correction, PPF and detailing for sale and event preparation.

Storage

  • Windrush Car Storage
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    Cotswolds, UK
    Climate-controlled storage for high-value collector cars.
  • Autovault
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    Bicester, UK
    Secure climate-controlled storage at Bicester Heritage.
  • Hagerty Garage + Social
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    USA (multiple locations)
    Climate-controlled storage in key US collector markets.

Transport

  • CARS UK
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    UK & Europe
    Enclosed event and concours transport across Europe.
  • Reliable Carriers
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    USA (national)
    Enclosed coast-to-coast transport for collector cars.
  • Intercity Lines
    View →
    USA
    Enclosed transport with dedicated supercar handling.

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The valuation figures in this guide are for research purposes only and do not constitute financial or investment advice. See our full disclaimer.