Lot 331 - 1979 Lotus Elite 504
|Odometer reading||67,105 miles|
|Estimate||£7,500 - £10,000|
|Result||Sold - £8,848|
Lotus Engineering Limited was formed by engineer Colin Chapman, a graduate of University College London, in 1952. The first factory was in old stables behind the Railway Hotel in Hornsey, North London. Team Lotus, which was independent from Lotus Engineering in 1954, was active and competitive in Formula One racing from 1958 to 1994. The Elite's striking shape was designed by Oliver Winterbottom. He is quoted as saying that the basic chassis and suspension layout were designed by Colin Chapman making the Elite and its sister design, the Éclat, the last Lotus road cars to have significant design input from Chapman himself.
Originally registered on 1st August 1979, this Lotus Elite 504, shows only one owner on the V5 registration document. The current vendor had a Lotus garage for a number of years and purchased the car from the registered keeper some 20 years ago. As he was in the motor trade, he didn't transfer the Lotus into his name and, as such, any purchaser will effectively be the second registered keeper of this desirable sportscar, which presents in remarkable condition and appears to be totally original. There is no evidence of the car ever having any paintwork repairs and the velour interior trim is in excellent order. As part of the 504 specification, the car is equipped with power steering, automatic transmission and air conditioning, all of which appeared to be working fine on our demonstration test drive. We are advised that, prior to sale, the Elite will be fully serviced and the cambelt will be changed. The car comes supplied with the original service books, a V5 registration document and a full year's MoT test certificate. A Lotus Elite is a rare sight on the road and even more so in this condition.
Previous lotLot 330 - 2004 Mercedes-Benz 350SL Roadster
Interested parties should satisfy themselves as to the description and condition of each lot prior to the sale. Buyers are advised to inspect the car in person or use a professional to carry out this service.