What is the value of a Llama semiautomatic 380?

Answer 1

You are likely talking about the Llama model IIIa. The value depends on many factors, such as the condition of the weapon (scratches, rust, functioning, etc...).

Another factor is that there were two types of Llama model IIIa: those made from the 1930's until 1975 used a locked breech, short recoil function--just like the M1911A1 which it is based on.

Models made AFTER 1975 used a simpler, and cheaper blowback design. All other things being equal, a locked breech, short-recoil Llama IIIa will be more expensive than a blowback Llama IIIa.

As of March 2015, a Llama IIIa in barely functioning condition might sell for $110, while one in great condition could go for $350--$400. Some in pristine condition could go for $500 or more, but it would have to be in exceptional condition, and a hard to find variant. Run of the mill Llama IIIa's fetch around $250-$300.