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Lamborghini Espada

Overview

The Espada is the Lamborghini that outsold everything else Ferruccio built, and the one nobody puts on a poster. It is a four-seat, front-engined, 3,929 cc V12 grand tourer, nearly 4.75 metres long, and between 1968 and 1978 the factory made 1,227 of them. For most of the 1970s it was the company's commercial backbone.

Gandini drew it at Bertone out of two of his own 1967 show cars, the Lamborghini Marzal and the Bertone Pirana, which is why it looks like nothing else that carried four adults. The roof is flat, the tail is cut off vertically and glazed, and the whole car sits low enough that people mistake the proportions for a shooting brake.

Underneath is a semi-monocoque of pressed steel and square-section tube built by Marchesi of Modena, with the quad-cam V12 up front, fully independent suspension and Girling discs on all four corners. It was the first Lamborghini you could genuinely use every day, and the only one of its era with room for your family in it.

Distinctions

The defining attributes and collector status that make this car garage-worthy.

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Renowned for its history, engineering, or cultural weight.

Collectibility scorecard

Rated 1 to 10 on the traits that matter for owning, driving, and holding on to a car like this.

Desirability
6/10
Rarity
6/10
Driving thrill
6/10
Investment trajectory
5/10
Usability
6/10
Ease of restoration
3/10
Cultural impact
5/10
Electronic dependence
Fully analogHeavily electronic

The Espada is a purely mechanical car. Six Weber carburettors, contact breaker ignition, a cable throttle and no engine management of any kind. Brakes are Girling discs with a servo and no anti-lock system. Power steering appears only as an option on Series III cars, and the sole gesture toward automation anywhere on the car is the Chrysler TorqueFlite three-speed offered from 1974, fitted to 55 examples, which is hydraulic rather than electronic. The electrics run lights, wipers, windows and air conditioning, and Italian wiring of the period is the weak point rather than any control system.

Market data

Demand tier, price trend, and typical values by condition. Our own assessment, not a quoted valuation.

Demand tier
EntrySolidHighBlue-chip

A dependable market. Well-kept cars hold their value and find ready buyers.

Value trajectory
AppreciatingStableCooling

Values are holding steady. What you pay today is what it's worth tomorrow.

Price by condition
Driver
$70k
Excellent
$130k
Concours
$200k

The cheapest route to a V12 from Sant'Agata, and it has been that way long enough for the market to treat it as settled. hyper.luxe puts the range at 70,000 to 150,000 dollars in 2026, oldcarsdata sees recent cars between 104,500 and 187,000, and DriveIndex reads roughly 100,700 to 128,100 across 17 verified auction sales, with outliers from 45,000 to 235,000. Hemmings has noted that asking prices peaked several years ago and have not returned, which is why this reads stable rather than appreciating. Restoration cost still exceeds finished value on a poor car, so good ones hold their premium.

Values as of August 2026.

Buyer's guide

What anyone seriously considering this car should know first.

Why it's worth it
A four-seat V12 grand tourer that outsold every other Lamborghini of its decade
Callout
Lamborghini built 55 Espadas with a Chrysler automatic, which makes one rarer than a Miura SV
What to watch for
Buy the best one you can find and ignore the mileage, because the gap between a sorted Espada and a cheap one is larger than the price of a cheap one. The structure is a semi-monocoque of pressed sheet steel and square-section tube, and it rots in specific places: floor pans, inner sills, the battery tray area and the lower door skins. This is not a late-life problem. Denis Jenkinson found visible rust on a road test car with 10,000 miles on it. Mechanically the V12 is the reassuring part, provided it runs cleanly across the range. Six Webers and a distributor that has drifted will produce misfiring, hard starting and no low-end pull, and sorting carburetion and ignition properly on a twelve-cylinder engine is a day's work for someone who knows the engine and a month of frustration for someone who does not. Check the interior is complete before anything else. Trim is the category that stops projects, and an Espada missing trim is a car looking for a donor.

The Story

Driving character

It is a big car and it never pretends otherwise. Nearly 4.75 metres long and 1,630 kg, with the V12 set well back behind the front axle line, the Espada moves like a proper grand tourer rather than a scaled-up sports car. Unassisted steering on the early cars is heavy at walking pace and fine once rolling, the usual bargain of the period. The Series III power steering option removes the argument entirely. The V12 is the reason to be here. Six Webers, 325 or 350 hp depending on series, and a delivery that pulls from low revs then keeps going past 7,000, which is not how a four-seater of 1970 normally behaved. A Series II was claimed at 250 km/h, or 155 mph, and 0 to 60 in 7.8 seconds. What surprises people is the visibility. The glazed vertical tail panel means you can actually see behind you, which no other Lamborghini of the era managed, and the four seats hold four adults rather than two adults and an apology.

Design

Gandini built the Espada out of two of his own 1967 show cars. The Lamborghini Marzal supplied the glasshouse thinking and the hexagonal motifs that run through the Series I interior. The Bertone Pirana, built for a British newspaper on a Jaguar E-Type chassis, supplied the proportions. The signature is the tail. It is cut off vertically and filled with a glass panel, so the car ends in a flat glazed face rather than a taper, and rearward vision is genuinely good. Combined with the flat roof and the low nose, it gives the Espada a silhouette that reads as a shooting brake from some angles and a very long coupe from others. Opinion divided at the 1968 Geneva launch and has never entirely reunited. Series III lost some of the strangeness: square-mesh grille, restyled instruments, Alfa Romeo 1750 Berlina tail lights in place of the earlier units. The name is the matador's sword, which is as close as a four-seater gets to the bull-naming convention.

Motorsport pedigree

None, and by design. Ferruccio Lamborghini built the company to beat Ferrari on the road and refused to go racing throughout his ownership, which is why Giotto Bizzarrini's V12 was detuned by Gian Paolo Dallara before a single customer car was built. The policy outlasted him. Lamborghini did not field a factory-developed race car until the Diablo SV-R in 1996. Even without that policy, the Espada had nowhere to go. It was a 1,630 kg four-seat grand tourer in an era when GT racing had moved to two-seat homologation specials, and no series existed that it could have entered without being comprehensively outclassed. The Jensen Interceptor and Maserati's four-seaters faced the same wall. The engine did the competing instead. The same 3,929 cc V12 architecture, in the Miura, provoked Bob Wallace's Jota and the six SV/J cars that followed, and in enlarged form it eventually reached Group C in the Countach QVX. The Espada simply carried the mildest version of it and took four people to lunch.

In culture

The Espada was a working car for people who could afford anything, and its cultural trail reflects that. Paul McCartney bought one, a right-hand-drive 1972 Series III in red over red leather with the manual gearbox, which is about as good an endorsement as a four-seat V12 can get. Italian cinema used it heavily through the 1970s, most visibly in Flatfoot in 1973, and it turns up across European film and television that decade in numbers no other Lamborghini of the period matches. What it never became is a poster. The Miura and the Countach took that job and the Espada was left as the sensible one, which is a strange description for a low, wide, glass-tailed wedge with a V12 in the nose. That has quietly become the appeal. It is the Lamborghini that people who already own the others buy next, and it does the one thing none of the rest can, which is carry four adults across a continent at speed with the same engine doing the work.

Rivals

Cars from other manufacturers that competed for the same buyers when new.

Owning One

Why collectors want it

The argument for the Espada is simple: it is a genuine Sant'Agata V12, hand-built and Gandini-drawn, at a fraction of what the two-seaters cost. hyper.luxe puts the range at 70 to 150 thousand dollars in 2026. oldcarsdata sees recent examples between 104,500 and 187,000. DriveIndex, working from 17 verified auction sales, lands between roughly 100,700 and 128,100. Cars have changed hands as low as 45,000 and as high as 235,000, which tells you condition is doing almost all the work.

Within the run, Series I cars are the rarest at 186 built and carry the Marzal-derived octagonal instrument binnacle that later cars lost. Series II, 575 cars, is generally reckoned the sweet spot: 350 hp, vented brakes, the better dashboard. Series III added power steering and a sunroof to the options list, and the 55 TorqueFlite automatics belong to that period.

Values have been flat for a while, which for once is the buyer's problem solved rather than the seller's.

Which one to look for

Three series, easy to tell apart once you know where to look. Series I ran from 1968 to 1970, 186 cars, 325 hp, with the octagonal instrument housings Gandini carried over from the Marzal concept and solid brake discs. It is the rarest and the most obviously of its moment. Series II, 1970 to 1972, is the volume car at 575 built and generally the one to buy. Output rose to 350 hp on higher compression, the brakes were vented, and the dashboard was redesigned with rectangular instruments most owners find easier to live with. Series III took the car from 1972 to 1978 and accounts for the balance, roughly 460 cars depending on whose count you use. It brought a square-mesh grille, aluminium-trimmed instruments, five-stud wheels, tail lights borrowed from the Alfa Romeo 1750 Berlina, and the first optional power steering and sunroof. The connoisseur's oddity is the automatic. From 1974 Lamborghini offered the Chrysler TorqueFlite three-speed and built 55 of them, which makes an automatic Espada a rarer car than a Miura SV, and a very strange thing to find in a Lamborghini showroom of the period.

Series I · 1968–1970

The launch car, shown at Geneva in 1968. 325 hp, solid brake discs, and the octagonal instrument housings Gandini carried across from his Marzal concept. Rarest of the three series and the most obviously a product of 1968.

Series II · 1970–1972

Higher compression lifts output to 350 hp, brake discs are vented, and the dashboard is redesigned around rectangular instruments. The volume car and generally reckoned the best balance of the three.

Series III · 1972–1978

Square-mesh grille, aluminium-trimmed instruments, five-stud wheels, tail lights from the Alfa Romeo 1750 Berlina. Power steering and a sunroof join the options list, and from 1974 so does a Chrysler TorqueFlite three-speed automatic.

What owning one is like

The Espada's reputation for being difficult is really a reputation for being cheap to buy and expensive to fix, and those are different problems. Corrosion is the serious one: floor pans, inner sills, battery tray and lower door skins, all of it structural on a semi-monocoque, and all of it hidden under carpet and trim. These cars have been rusting since they were new. Running gear is mostly durable. The V12 will do serious mileage if it is set up properly, but keeping six Webers in balance and a distributor honest is ongoing work rather than an annual service, and a poorly running one feels like a broken one. Fuel consumption is heroic. Owners talk about it in gallons per hour. The electrics are of their time and place, which means connections, earths and switchgear rather than anything catastrophic. What genuinely stops projects is interior trim, because it is scarce, expensive and specific to the series. A complete Espada is worth pursuing across a continent.

Upkeep & parts

The mechanical side is manageable. The V12 shares its architecture with every other Sant'Agata twelve of the era, so the specialists who look after Miuras and Countaches can look after an Espada, and engine parts are obtainable. Lamborghini's Polo Storico department supports classic cars directly, including certification and reproduction parts, which is a real advantage over most low-volume Italian marques of the period.

Budget for the things that are Espada-specific. Body panels and structural repair sections are not sitting on shelves, and interior trim, especially Series I with its octagonal binnacle, is the hardest single category to source. A retrim on a four-seat car costs what a retrim on a four-seat car costs, and there is more of it here than in any other Lamborghini.

The International Lamborghini Registry is the documentation resource and the wider club network is active. There is no dedicated Espada register with a public presence, so owner forums carry more of the knowledge than usual.

Country of origin
Italy
Class
Grand Tourer
Production years
1968–1978
Units built
1,227
Model
Espada
Nickname
No nickname
Body
Coupe
Layout
Front-engine, RWD
Engine
3,929 cc quad-cam V12, 325 hp (Series I); 3,929 cc quad-cam V12, 350 hp (Series II and Series III)
Transmission
5-speed manual, Chrysler TorqueFlite 3-speed automatic (optional from 1974)
Designer
Marcello Gandini (Bertone)