1963 Lotus Elite S2 (Type 14)

Lot Number: 223

1963 Lotus Elite S2 (Type 14)

The 12th from last produced, fresh to market from long term ownership, an older restoration that is ready to be enjoyed as intended once again.

  • Sold for: £43,875

LIVE AUCTION: This lot was auctioned on Saturday 9th November, 2024 at 10.00am GMT at NEC, Birmingham, B40 1NT

  • Body Colour

    BODY COLOUR
    Lagoon Blue / Silver

  • Drive

    DRIVE
    RHD

  • Registration Number

    REG NUMBER
    323 CDA

  • Odometer Reading

    ODOMETER READING
    47258 Miles

SUMMARY

The 12th from last produced, fresh to market from long term ownership, an older restoration that is ready to be enjoyed as intended once again.

DESCRIPTION

Making its debut in 1957, the Type 14 Elite was the first production sports car that Colin Chapman designed for Lotus Cars. Lotus' design philosophy ran contrary to the prevailing norm, making their cars lighter, more aerodynamic and therefore more nimble, rather than increasing horsepower and weight, enabling Lotus cars to out-handle much more powerful vehicles on track. It was very light, weighing just 630kg and utilised a 'monocoque' construction which meant there was no separate chassis with the body being load-bearing and whilst this was becoming accepted practice, the Elite was the first time it had been attempted in fibreglass.

There were only two strips of steel in the car — a strip for the door hinges to attach to and a very small steel frame to which the engine and suspension were attached and when combined with independent sports suspension, a ZF gearbox, disc brakes, the Coventry Climax all-aluminium engine and a very low drag coefficient of just 0.29, it made for a great drivers' car. The first 280 were built by Maximar prior to production transferring to Bristol Aircraft who built a further 750, however the Elite was very expensive to produce, especially the GRP monocoque which was extremely labour-intensive, and it's understood that they lost around £100 on every car with its successor, the Elan, returning to more conventional construction.

This particular Elite S2, offered from long term ownership, has been with its present custodian for some considerable time prior to which it had been partially rebuilt due to having being rolled by an exuberant driver testing the Lotus phrase that the Elite was a ‘road-going racer’. A new body was ordered directly from Lotus in 1967/68 and rebuilt with all new glass, frames and bumpers and other associated parts as required. Finished in Lagoon Blue with a Silver Cap and black upholstery, the Elite has formed part of a private Collection since being acquired, with minimal use over the years however it has been maintained as required with invoices on file detailing such items as the ZF 4-speed close-ratio gearbox being rebuilt some years ago by DWR Engineering of Derby, marque specialists who it should be noted also rebuilt the engine with balanced internals. Other items noted within the history file list are a rebuilt differential, balanced diaphragm clutch and a replacement servo.

By the time Elite production ceased in September 1963, 1,030 examples had been built and Lotus had developed from a company unheard of outside of UK club racing to one of the most famous racing teams in the world. They were about to be crowned F1 World Champions for the first time with Jim Clark and were seen as established world players in road car manufacture with a mature market presence in the US and elsewhere. The Elite played a big part in this remarkable feat of automotive industrial growth. It was Lotus' first 'grown-up', credible road car and laid down the foundations of the Lotus business that still exists today.

With minimal use of late, minor recommissioning may be required but the potential is there for all to see and with that in mind we welcome and encourage your early inspection of this Bristol-built Series 2.

SPECIFICATION

Lot Number
223
Make
LOTUS
Model
ELITE
Variant
Type 14
Registration Number
323 CDA
MOT Expiry
Exempt
Chassis Number
FR1988 / EB2018
Engine Number
10833
Transmission
Manual
Body Colour
Lagoon Blue / Silver

GALLERY

CONSIGNOR

Consignor

For further information regarding this lot please contact Charles.

CONTACT

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Payment is due by 5pm on Monday 11th November.

Payment should be made by bank transfer where possible. Payment by card can be made (in person only)

Due to venue restrictions, all vehicles must be collected on Monday 11th November between 9am and 2pm.

Any vehicles not collected by this time will be transported to a secure storage facility in Northampton by our transport partner EM Rogers, the charges for which are £175 plus VAT for a standard sized vehicle, or £275 plus VAT for larger vehicles for removal and £10 plus VAT per day for storage. We will make contact on Sunday to confirm how you will be removing your vehicle(s). If we do not hear back from you by 5pm on Sunday evening, we will arrange collection with EM Rogers on your behalf.

Did you know that you may be able to finance your upcoming auction purchase? Our exclusive finance partner Apollo Capital are able to organise fast pre-approval for car funding on the latest interest rates and terms, minimum £50k lend.

An agreement in principle could see you arrange a finance package so the funds are ready to be paid out when you’ve bought your dream auction purchase. Please speak to their experts for a quote on 01423 590242 or visit apollocapitalgroup.co.uk/iconicauctioneers/.

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A classic car or motorcycle is a source of great pride and enjoyment but, whether your car or motorcycle is in storage or on the road, you’ll need a specialist insurance policy. We have partnered with Howden Insurance a leading insurance brokers with a team dedicated to classic cars and motorcycles. They cover a vast array of classic and vintage models and only work with insurers who provide a great service and share our passion for the classic motor industry.

For a personal classic car or classic motorcycle quote, visit:

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