There's just one tiny detail missing from the shocked comments above that nobody seems to recognise the value of. It's a one owner, super-original car with perfect and full provenance and only 18,600 miles on the clock.
That is incredibly rare, and makes it stand head and shoulders above the 'average' Elan that most of us have, and probably puts in in a collectors market sector that would contain only a tiny number of other Elans in the UK. And none of those are for sale.
Add that to the JD business model of buying the best / with interesting history / famous competition cars, and doubling the price they paid for it, and sitting on the car for 12 months plus. Slowly word will get around that 'the best Elan' is available at JD, and it will sell. They have done this with many Astons, Jags, Ferraris and several of the ex-works Lotus Cortinas, some of which they've sat on for a couple of years or more. But they do sell eventually.
It has to be good for the marque, but I'm in no doubt that it makes no difference to the value of the vast majority of Elans, including my lot!
The collector car world isn't so different to the collector antique world, with a big difference between the best and the rare, and the rest. For example, I can buy a new copy of the James Bond 'Casino Royale' book for a few quid, and it has exactly the same words as a mint and perfect first edition of the same book. The difference is that I would have to pay well over ?10,000 for that one!
http://www.ebay.co.uk/itm/1ST-1ST-UK-ED ... SwstxU~va2Nothing to do with value, everything to do with rarity and desirability.
Mark
Mark