Legacy Metrics

1974 Lamborghini Urraco P250

15826roadItaly
Engine
2.5L V8
Colour
Orange-red

A late-production Lamborghini Urraco P250 — one of only 520 built — notable for a 1984 factory restoration carried out at Sant'Agata Bolognese under the supervision of legendary test driver Valentino Balboni, and a subsequent comprehensive bare-metal restoration completed in 2018 by Michaelian Restoration in Florida. The car features a P300-series interior fitted at the factory during the model transition, and has accumulated multiple concours awards in recent years.

Ownership

  1. Auction sale
    Estimate US$150,000 – US$175,000

    RM Sotheby's catalogue lot →

  2. 1976 →Acquisition unknown
    Second owner based in Tulsa, Oklahoma
    partial documentation

    Had the car transported from Saudi Arabia to Tulsa; in 1984 commissioned a full factory restoration in Italy overseen by Valentino Balboni, including engine rebuild, body respray, and various U.S.-market upgrades.

  3. 2014 → 2015-12-01Acquisition unknown
    Third owner
    partial documentation

    Commissioned engine service, steering rack rebuild, and suspension refresh; entered the car at the 2015 Lamborghini festival in Houston.

  4. 2015-12-01 →Acquisition unknown
    Current owner
    full documentation

    Engaged Michaelian Restoration in Stuart, Florida for an extensive bare-metal restoration completed in July 2018 at a cost exceeding $98,000, covering bodywork, respray, interior refinishing, and mechanical refurbishment.

  5. Date unknownFactory delivery
    Saudi Arabian prince
    partial documentation

    Reported original recipient of the car, based in Saudi Arabia.

Competition

  1. 2015
    2015 Lamborghini Festival Houston
    Class win

    Valentino Balboni was reportedly present at the event and reunited with the car he had overseen during its 1984 factory restoration.

  2. 2018
    2018 Palm Beach Cavallino Classic
    Excellence in Class
  3. 2019
    2019 Palm Beach Concours
    Best of Italy award
  4. 2020
    2020 Palm Beach Cavallino Classic
    Excellence in Class

Maintenance & restoration

  1. 1984Restoration
    Lamborghini factory

    Full restoration carried out at the Lamborghini factory in Italy, overseen by Valentino Balboni, encompassing an engine rebuild, full body respray, and installation of U.S.-market amenities including air conditioning, power windows and mirrors, and a leather interior.

    Historical photographs documenting this restoration process, including an image of Balboni at the wheel, are part of the car's history file.

  2. 2014
    Engine rebuild

    Engine removed and fully serviced prior to the 2015 Houston concours appearance.

    Work carried out under the third owner's tenure.

  3. 2014
    Mechanical

    Steering rack rebuilt and suspension components refreshed as part of the same recommissioning effort.

  4. 2018Restoration
    Michaelian Restoration Inc.

    Comprehensive bare-metal restoration covering full bodywork repair, respray in the original orange-red factory colour, refinishing of the black leather interior to factory specification, and thorough mechanical refurbishment throughout. Total cost exceeded $98,000.

    Commissioned in early 2016 and completed in July 2018; detailed service invoices accompany the car.

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Each chassis record is compiled from public auction archives and links to its source material. Ownership, competition and maintenance entries are extracted from those catalogue listings by an LLM, which can make mistakes — please contact us with any corrections. The summary is Legacy Metrics’ own writing; we do not reproduce catalogue text.

“Full” and “partial” documentation labels indicate how well each entry is corroborated in the underlying sources, not an audit of the car’s physical paperwork. Names of recent or living owners are withheld for privacy.