Lotus Elan

What's it worth ?

PostPost by: mazlot » Sun May 27, 2012 8:52 am

As I am in Australia, where I think the Elan is severely under valued, and as I am considering selling this, and as I have no idea of UK prices, I am open to your views on what this is worth, in the UK market.
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The vehicle in question is a 1963 Lotus Elan series one. Chassis number is in the very early 200's, and has been fully restored to original condition.

The car was imported into Australia, left the Lotus factory in October 1963, by the Geoghehan brothers in Sydney, original soft top with Geoghehan sticker still attached, and was sold to a Brisbane disc jockey, name of Bill Gates, one of the original Bee Gee's managers. He raced the car from 1964 to mid 1966.

The car is very original, including red oxide original chassis, painted Lotus nose badge, Lotus chassis plate and Bourne build plate, concave gear knob, aluminium knobbed steering wheel, dash gauges and knobs. 28,500 original miles.

Close ratio gear box, not the original motor, but a later version, with the better oil galleries, 3:55 diff.

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PostPost by: elanfan1 » Sun May 27, 2012 10:06 am

Easily comparable with the S1 for sale on ebay UK for ?39000 - looks very nice indeed. Only thing you don't seem to have mentioned is the chassis - original unchanged or replacement?

Would have thought you might get some offers through this thread!
Steve

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PostPost by: mazlot » Sun May 27, 2012 10:29 am

Thanks for the tip, original post amended.
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PostPost by: ken ob » Sun May 27, 2012 10:39 am

PM sent.
Slightly confused by everything since the invention of the wheel.
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PostPost by: mazlot » Sun May 27, 2012 8:58 pm

No PM received.
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PostPost by: 1964 S1 » Tue May 29, 2012 12:04 am

If I were selling it I'd put a price equilivent to somewhere between 42,000 and 47,000 US dollars on it and see what happens.
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PostPost by: rgh0 » Tue May 29, 2012 11:38 am

In Australia I would price it between A$30k to A$40k which is what i have seen recent similar cars sell for.

In the UK they seem to sell for more and in the US less.

In Australia you get a better price in relative terms for a rundown unrestored early Elan for conversion to a historic racer than you would for a fully restored road car that is to good to convert for a competition car.

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PostPost by: gordont » Tue May 29, 2012 10:02 pm

AUD$45K would be my thought for a good S1 or 2
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PostPost by: Elan41963 » Tue May 29, 2012 10:22 pm

I think its as nice as any S1 I've seen. Its an easy $40K US car. The fact that its not a race car and looks 95% original (motor upgrade with better rods helps here) and Bourne body -WOW. You won't like where the price of these S1s end up in 5 years from now for what matter how much money you get for it today.
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PostPost by: [email protected] » Wed May 30, 2012 3:49 pm

Rohan, where do those reshaped air box covers come from ? I saw several at the Lotus gathering in Queensland. Nice S1 and it would be worth a large wad here in the States and the UK.
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PostPost by: mazlot » Wed May 30, 2012 9:13 pm

Hi Jeff,

Craig Wilson from Brisbane makes the cover, hence the abundance in the Qld Club.

That is your interior mat set, thanks again :mrgreen:

Thanks for the opinions of the car's worth, quite varied numbers.
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PostPost by: rgh0 » Thu May 31, 2012 12:14 pm

Hi Jeff
Yes Craig does them

cheers
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PostPost by: fatboyoz » Thu May 31, 2012 11:19 pm

Jeff,
You can PM Craig (redelan64) from this page, about half way down.
other-side-world-f30/october-2012-lotus-elan-50th-t22299-15.html
Regards,
Colin. (green/yellow 68' S4)

[email protected] wrote:Rohan, where do those reshaped air box covers come from ? I saw several at the Lotus gathering in Queensland. Nice S1 and it would be worth a large wad here in the States and the UK.
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PostPost by: Lotuselite14 » Sat Jun 02, 2012 9:01 pm

elanfan1 wrote:Easily comparable with the S1 for sale on ebay UK for ?39000 - looks very nice indeed. Only thing you don't seem to have mentioned is the chassis - original unchanged or replacement?

Would have thought you might get some offers through this thread!


Pity it hasn't got the the correct mirror though!
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PostPost by: mazlot » Sat Jun 02, 2012 9:30 pm

Pity it hasn't got the the correct mirror though!



I thought it did, oh well, there goes my million dollars :mrgreen:
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