For years, I've been putting the Lamboghini Urraco and Jarama on "Budget Supercar" and "Forgotten Exotics" lists, but I've always conveniently left out the fact that even if you were the kind of masochist to buy a lesser-known Lamborghini, your biggest problem in the first place would be actually finding one.
The two cars have a lot in common: They were introduced within a year of each other in the early 1970s and have recognizably similar flying-wedge styling by Marcello Gandini. They served different purposes, though, and a 350-hp V12 was Lamborghini's big GT, a replacement for the Islero. The Jarama cost around $23,000, about four times more than a V12 Jaguar E-type. The Urraco was a Ferrari Dino fighter. The V8 in this top-spec version made 265 hp, and it sold for about the same, which was dead on with its Dino competition and not much more than the then-new V12 XJ-S.
Lamborghini built many more Urracos than Jaramas, but due to decades of low values and high costs, they've mostly evaporated—it's hard to justify pouring repair money into a car that isn't worth much. Look at those specs, though, you realize that someday, the same rarity, combined with performance and the Lamborghini name, would inevitably start to raise prices. As RM Auctions consignments, both of these models will go up for sale without reserve in Monterey this weekend. RM estimates the Urraco will sell for $60,000–$80,000 and the Jarama, which is one of six built with really cool double glass roof panels, for $115,000–$130,000.
Unlike the seven- and eight-figure cars offered in Monterey, there's little chance these are going to end up in a museum. I'm really hoping they go to the same person—someone who will commute to work in the Urraco and drive the Jarama to the grocery store on the weekends. They're cars only an enthusiast will appreciate, in all their bizarre, heartbreaking Italian magnificence. Stop and lend a hand when you see the hood open on the side of the road.