The brand new Lamborghini Gallardo, with only 100km on the clock, is expected to fetch $400,000 a comparative bargain compared to its recommended retail price of nearly $600,000.
The Italian supercar, which is being sold by a financial organisation after it repossessed the vehicle when Sydney Lamborghini dealership went into receivership late last year, is just one of almost 90 cars set to go under the hammer at the Pickles Auction at Moore Park tonight.
Auctioneer Steve Allen said the collection of cars, which also included an Audi R8, Porsche GT2 and a limited edition Mustang, was the strongest since the GFC tore through the top end of town.
"During the GFC we saw more vehicles, but in terms of the quality of the cars this is the equivalent,'' Mr Allen said.
The Italian supercar, which is being sold by a financial organisation after it repossessed the vehicle when Sydney Lamborghini dealership went into receivership late last year, is just one of almost 90 cars set to go under the hammer at the Pickles Auction at Moore Park tonight.
Auctioneer Steve Allen said the collection of cars, which also included an Audi R8, Porsche GT2 and a limited edition Mustang, was the strongest since the GFC tore through the top end of town.
"During the GFC we saw more vehicles, but in terms of the quality of the cars this is the equivalent,'' Mr Allen said.
"There must a bit of a clean out at the top end of the market because its more than just a coincidence to see so many high-end luxury cars.''Most of the cars up for grabs had been repossessed from business and individuals who had fallen on hard times or were being sold after their lease had expired, he said.While the European supercars will attract the most attention, there's also good news for people whose wallets aren't lined with gold.Mr Allen said some cars, such as an Audi A1 and several Golf GTIs, would sell for not much more than $20,000.Up to a 1000 prospective buyers are expected to pack into the Royal Hall of Industries in the Entertainment Quarter at Moore Park on Monday night to try and snap up some cut-price metal, with more bidding online from home.
"A lot of people will just come down to the action to try and get something they might not usually be able to afford,'' he said.
"A lot of people will just come down to the action to try and get something they might not usually be able to afford,'' he said.
