Image credit: © conceptcarz.com (Reproduction Or reuse prohibited).
After World War II, Colin Chapman was working full-time at British Aluminum. At night and on weekends, he built cars and raced them. After a successful year, on January 1, 1952, he established Lotus Engineering Company. His first business partner was Michael Allen. Michael and his brother Nigel Allen had helped Chapman build road racing cars to compete in the 750 Motor Club formula. They used the Austin 7 as a basis and used its chassis, gearbox, engine, and differential. Three examples were built, but only one example (LMU 3), was completed in 1951. The MK III proved to be a very successful racer, winning many 750 Club races. The success prompted Chapman to finish one of the two remaining MK III chassis. That example (a MK IIIB) was sold to Adam Currie, a racing enthusiast working for Dunlop Tires, and his friend Peter Ross, a De Havilland engineer. Thus, Carrie was Chapman's first patron and his MK IIIB was the first to wear the yellow Lotus badge. It was completed in September of 1952 and registered as ONK 408.
The differences between the MKIII and the MKIIIB was a modified Seven chassis, and the split Ford Eight front axle. It also had a modified Ford 10 engine that displaced 1099cc.
The aluminum coachwork was courtesy of Williams & Pritchard using drawings of the MK III. It remained in bare aluminum until around 1953 when it was painted black and given cream wheels.
On Cotber 11th of 1952, ONK made its racing debut at Silverstone where it was entered in the 2 litre class. During the 1952, it was tested and prepared for the 1953 season. During 1953, it was raced by Currie and Chapman at many events including at Goodwood, Silverstone, Brands Hatch, BARC members' meeting, and Castle Coombe.
Near the end of the season, Currie offered the car for sale. It was purchased by Anthony March, who raced it on several occasions prior to selling it to Selina Wadham in 1954. By 1958, it was purchased by Colonel Walton who gave it as a 21st birthday present for his son Murree. Murree fitted the car with a full windscreen and refinished the bodywork.
The current owner acquired the car from Murree Walton in September of 1994. It was then given a comprehensive, body-off restoration, returning it to its 1953 livery and specifications. After the work was completed in 1995, it was entered in two English hill climb events.
This is a very special vehicle as it is the earliest Lotus built car for a customer and the first to wear the firm's badge. The engine is a 1099cc Ford L-head four-cylinder engine fitted with a Stromberg Downdraft carburetor. It produces an estimated 50 horsepower and is mated to a 4-speed manual gearbox. At all four corners are hydraulic Girling drum brakes.
In 2015, the car was brought to Gooding & Company's auction in Amelia Island, Florida where it found new ownership for the sum of $247,500 including buyer's premium.By Daniel Vaughan | Jun 2015
The differences between the MKIII and the MKIIIB was a modified Seven chassis, and the split Ford Eight front axle. It also had a modified Ford 10 engine that displaced 1099cc.
The aluminum coachwork was courtesy of Williams & Pritchard using drawings of the MK III. It remained in bare aluminum until around 1953 when it was painted black and given cream wheels.
On Cotber 11th of 1952, ONK made its racing debut at Silverstone where it was entered in the 2 litre class. During the 1952, it was tested and prepared for the 1953 season. During 1953, it was raced by Currie and Chapman at many events including at Goodwood, Silverstone, Brands Hatch, BARC members' meeting, and Castle Coombe.
Near the end of the season, Currie offered the car for sale. It was purchased by Anthony March, who raced it on several occasions prior to selling it to Selina Wadham in 1954. By 1958, it was purchased by Colonel Walton who gave it as a 21st birthday present for his son Murree. Murree fitted the car with a full windscreen and refinished the bodywork.
The current owner acquired the car from Murree Walton in September of 1994. It was then given a comprehensive, body-off restoration, returning it to its 1953 livery and specifications. After the work was completed in 1995, it was entered in two English hill climb events.
This is a very special vehicle as it is the earliest Lotus built car for a customer and the first to wear the firm's badge. The engine is a 1099cc Ford L-head four-cylinder engine fitted with a Stromberg Downdraft carburetor. It produces an estimated 50 horsepower and is mated to a 4-speed manual gearbox. At all four corners are hydraulic Girling drum brakes.
In 2015, the car was brought to Gooding & Company's auction in Amelia Island, Florida where it found new ownership for the sum of $247,500 including buyer's premium.By Daniel Vaughan | Jun 2015
2015 Gooding & Company : Amelia Island
Pre-Auction Estimates :
USD $250,000-USD $450,000
Sale Price :
USD $247,500
Recent Sales of the Lotus MK IIIB
(Data based on Model Year 1951 sales)
1951 Lotus Mk IIIB Chassis#: 151844 Sold for USD$247,500 2015 Gooding & Company : Amelia Island |
Lotus MK IIIBs That Failed To Sell At Auction
1951 Lotus MK IIIB's that have appeared at auction but did not sell.
Vehicle | Chassis | Event | High Bid | Est. Low | Est. High |
---|
Vehicles With Comparable Market Values
Similar sales to the $247,500 range.
1927 BUGATTI TYPE 40 FAUX CABRIOLET Chassis#:40436 Sold for $246,400 2024 Gooding & Co: Selections From The Mullin Collection Auction | |
1958 CHEVROLET CORVETTE CUSTOM CONVERTIBLE Chassis#:J58S103541 Sold for $247,500 2024 Barrett-Jackson : Palm Beach | |
1981 CHEVROLET CORVETTE GREENWOOD DAYTONA TURBO Chassis#:1G1AY8762BS422499 Sold for $247,500 2024 Barrett-Jackson : Palm Beach | |
1965 Chevrolet Corvette Big Tank Fuelie Chassis#:194375s110192 Sold for $247,500 2024 Mecum : Glendale | |
1963 Chevrolet Corvette Split Window Coupe Chassis#:30837s102551 Sold for $247,500 2024 Mecum : Glendale | |
1961 Jaguar E-Type Series 1 3.8 Roadster Chassis#:875231 Sold for $246,400 2024 Broad Arrow Auctions : Amelia | |
2019 Ferrari 488 Challenge Chassis#:ZFF87EXX000242258 Sold for $246,400 2024 Broad Arrow Auctions : Amelia | |
2019 Chevrolet Corvette ZR1 Chassis#:1G1Y42D96K5800876 Sold for $246,400 2024 RM Sothebys : ModaMiami | |
2023 Porsche 718 Cayman GT4 RS Weissach Package Chassis#:WP0AE2A85PS280874 Sold for $246,400 2024 Broad Arrow Auctions : Amelia | |
1996 Porsche 911 Type 993 Turbo GT2 Tribute Chassis#:WP0ZZZ99ZTS371662 Sold for $246,400 2024 Bonhams : Amelia Island Auction | |
1967 Aston Martin DB6 Vantage Sports Saloon Chassis#:DB6/2871/L/N Sold for $249,898 2024 Bonhams : Les Grandes Marques du Monde a Paris | |
1934 Hispano-Suiza J12 Coupé Chauffeur by Kellner Chassis#:13036 Sold for $249,673 2024 RM Sothebys : Paris | |
2020 Bentley Continental GT Number 9 Edition by Mulliner Chassis#:SCBCB2ZG4LC077401 Sold for $246,400 2024 RM Sothebys : Arizona | |
1989 Porsche 911 Turbo S 'WLS' Coupe Chassis#:WP0ZZZ93ZKS000376 Sold for $246,400 2024 RM Sothebys : Arizona | |
2008 MERCEDES-BENZ CLK63 AMG BLACK SERIES Chassis#:WDBTJ77H58F243129 Sold for $247,500 2024 Barrett-Jackson : Scottsdale AZ | |
1967 CHEVROLET K10 CUSTOM PICKUP Chassis#:KE147Z146412 Sold for $247,500 2024 Barrett-Jackson : Scottsdale AZ | |
1959 Chevrolet Impala Convertible Chassis#:f59j215437 Sold for $247,500 2024 Mecum : Kissimmee | |
1984 Ferrari 512 BBi Chassis#:zffja09b000047867 Sold for $247,500 2024 Mecum : Kissimmee | |
1963 Chevrolet Corvette Split Window Coupe Chassis#:30837s111978 Sold for $247,500 2024 Mecum : Kissimmee | |
2002 BMW Z8 Roadster Chassis#:wbaej13482ah61623 Sold for $247,500 2024 Mecum : Kissimmee |
1951 Lotus MK IIIB
• Additional valuation insight and sales data• History
• Specifications
• Image gallery