Lot 290 - 1962 Lotus Elite Mk. 14 Series II
|Odometer reading||50,159 miles|
|Estimate||£30,000 - £40,000|
|Result||Sold - £44,800|
The first Elite or Lotus Type 14 was an ultra-light two-seater coupé, produced from 1958 to 1963; it made its debut at the 1957 London Motor Car Show. It was chassis number 1008 and, having spent a year in development, aided by 'carefully selected racing customers', it went on sale. The Elite's most distinctive feature was its highly innovative fibreglass monocoque construction; the Elite also used this glass-reinforced plastic material for the entire load-bearing structure of the car though the front of the monocoque incorporated a steel sub-frame supporting the engine and front suspension. The resultant body was both lighter and stiffer and provided better driver protection in the event of any mishap. It had independent suspension all round with transverse wishbones at the front and Chapman struts at the rear whilst advanced aerodynamics also made a contribution giving the car a very low drag coefficient of 0.29 - quite low even for modern cars. When production ceased in 1963, a mere 1,030 units had been manufactured.
First registered on 19th July 1962, this charming sports car has been in long term ownership in the current vendor's family since 1970 with the previous owner having the car for four years. Powering 15 NMM is a Coventry Climax FWE, 1216cc engine (#FWE10503) producing 90bhp and Stage two tuned and fitted with a high-lift camshaft and twin SU carburettors. Further enhancements include a Lawrence Tune conversion with oil cooler and body mounted oil filter. Power is fed through a four-speed ZF close-ratio gearbox with the car sitting on its original wire wheels. The interior is functional as one would expect to keep weight down and not to distract from the road ahead with black vinyl seats and leather steering wheel. 15 NMM was renovated in the 1970s and 1980s, used as a road car and shown at local shows and events until 2006 where it was laid up for the next 10 years. Showing 52,000 miles and with an MoT test certificate valid until July 2017, this affordable example comes with the green registration booklet and represents an iconic and extremely desirable British sports car.
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.