Lot 196 - 1974 Lotus Elite 502 Ex-Ronnie Peterson

Lot 196 - 1974 Lotus Elite 502 Ex-Ronnie Peterson

Lot 196 - 1974 Lotus Elite 502 Ex-Ronnie Peterson

Lot Number 196
Registration SNG 359M
Chassis Number 74060207A
Engine Number G74067569
Result Sold - £20,160
  • Given to Ronnie Peterson by Lotus
  • In current ownership for circa 15 years
  • Offered with many photographs from new confirming its fascinating history

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.


Built on 24th June 1974 this example is the 207th Elite to have been built. Offered in Lotus Yellow coachwork the Elite comes with a custom Oatmeal interior with Lotus badges on the seat backs. Given to ex-Formula One racing driver Ronnie Peterson on the 25th June 1974 the history file includes photographs of Ronnie Peterson and the car at the Lotus factory, including a handover by Colin Chapman. Presented in good order throughout the Elite has been stored for some time and is regularly started and lightly exercised. The paintwork retains a deep shine, and the interior is largely in good order although as you would expect for a car of this age there are some age related blemishes to show. Offered with many bills and receipts as well as various sundry invoices the Elite has a fantastic, documented history and is an opportunity not to be missed.

Interested parties should satisfy themselves as to the description and condition of each lot prior to the sale. Accordingly, buyers are on notice that each vehicle is offered ‘as is/as seen’ subject to the Terms and Conditions for the auction. Buyers are advised to inspect the vehicle in person or use a professional to carry out this service. Historics will not entertain disputes over descriptions.

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