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1962 Lotus Elite Coupe / 1334 Vehicle Information

1962 Lotus Elite photograph

1962 Lotus Elite
Sold for $79,200 at 2017 Bonhams : Quail Lodge.
The Lotus 14 of 1959, also known as the Elite, was conceived with competition in mind. Colin Chapman incorporated technology developed from their single seater program, and gave the Elite a fiberglass monocoque body tub - the world's first. It received an independent suspension at all four corners, rack-and-pinion steering, and four-wheel disc brakes with the rears mounted inboard. The engine was a lightweight four-cylinder Coventry-Climax FEW, single-overhead-cam unit with a displacement size of 1,216cc and offering nearly 100 horsepower. The MGA gearbox was sourced from BMC.

The bodywork was the work of Peter Kirwan-Taylor and aerodynamicist Frank Costin. It had a very low coefficient of drag at just 0.29. The body contract for what would become known as the 'Series 2' Elite was given to the Bristol Aircraft Academy, and by the time production ceased in 1963 an estimated total of 1,030 cars had been completed. The Series 2 models had been given an improved design of the rear suspension and various updates to the interior.

This Series 2 Elite is believed to have spent much of its early life in Oregon and California. In the late 1980s, it was acquired by Don Galameau. Mr. Galameau purchased the car in rather poor condition which prompted a restoration.

The current caretaker purchased it from John Mullen in 1992. He then kept the car for twelve years and sold it to Mr. Walter Nelson in 2004, only to purchase the car back four years later in 2008.

Currently, the car is finished in yellow paintwork and is powered by a 1126cc overhead valve inline 4-cylidner engine fitted with two SU carburetors. There is a four-speed manual transmission and four-wheel disc brakes.


By Daniel Vaughan | Oct 2017


2017 Bonhams : Quail Lodge

Pre-Auction Estimates :
USD $90,000-USD $125,000 
Sale Price :
USD $79,200

1962 Lotus Elite Auction Sales

Recent Sales

(Data based on Model Year 1962 sales)
1962 Lotus Elite Series 2
Chassis#: EB2131569
Sold for USD$72,800
  2020 RM Sothebys : The Elkhart Collection
 
1962 Lotus Elite Series II Super 95
Chassis#: 1334
Sold for USD$79,200
  2017 Bonhams : Quail Lodge
1962 Lotus Elite image  
1962 Lotus Elite 1½-Litre Coupé
Chassis#: EB2181718
Sold for USD$92,421
  2016 Bonhams : The December Sale
 
1962 Lotus Elite Series II Super 95 Coupé
Chassis#: 1959
Sold for USD$137,436
  2016 Bonhams : Goodwood Revival
 
1962 Lotus Elite Mk. 14 Series II
Chassis#: 1765
Sold for USD$58,585
  2016 Historics at Brookland
 
1962 Lotus Elite S2
Sold for USD$36,992
  2015 Coys at Ascot
 
1962 Lotus Elite
Chassis#: 1318
Sold for USD$110,000
  2015 Gooding & Company - Arizona
1962 Lotus Elite image  
1962 Lotus Type 14 Elite Series II Coupe
Chassis#: 1825
Sold for USD$70,340
  2012 Bonhams - Collectors' Motor cars and Automobilia at Goodwood
 
1962 Lotus Elite Super 95
Chassis#: EB 1695
Sold for USD$140,250
  2012 Gooding & Company, Amelia Island, Fl
1962 Lotus Elite image  1962 Lotus Elite image  
1962 Lotus Elite Series II
Sold for USD$91,260
  2008 Bonhams & Butterfields Sale of Exceptional Motorcars and Automobilia
 
1962 Lotus Elite S2 Coupe
Sold for USD$66,697
  2008 Coys Auction - Lord‘s Cricket Ground
 
1962 Lotus Elite S2
Chassis#: EB2003
Sold for USD$33,040
  2004 Coys - True Greats
 
1962 Lotus Elite S2
Chassis#: EB 1911
Sold for USD$33,058
  2004 Coys Auction - Autosport 2004
 

Vehicles That Failed To Sell

1962 Lotus Elite's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1962 Lotus Elite CoupéEB 16112020 Bonhams : Goodwood Speedweek $70,000$80,000
1962 Lotus Elite Super 9516592018 RM Sothebys : London $150,000$200,000
1962 Lotus Elite Series 2 CoupéU563EB 17952018 Bonhams : Les Grandes Marques du Monde au Grand Palais $110,000$150,000
1962 Lotus Elite S2 Type 14EB23115852017 Silverstone Classic   
1962 Lotus Elite Mk.14 Series 2EB21217072016 Historics at Brookland $48,000$56,000
1962 Lotus Elite Series II CoupeEB23319482014 Silverstone : Salon Prive   

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Vehicle Profiles

Chassis information for the Lotus Elite S1
1959 Coupe
Chassis Num: 1052
Engine Num: 7566

Chassis information for the Lotus Elite S1
1959 Coupe
Chassis Num: 1089
Engine Num: 10382
Chassis information for the Lotus Elite S1
1959 Coupe
Chassis Num: 1096

Chassis information for the Lotus Elite S1
1961 Coupe
Chassis Num: 1205
Engine Num: 8163
Chassis information for the Lotus Elite
1962 Coupe
Chassis Num: 1318

Chassis information for the Lotus Elite
1962 Coupe
Chassis Num: 1334
Engine Num: 8945
Chassis information for the Lotus Elite
1962 Coupe
Chassis Num: EB 1695

Chassis information for the Lotus Elite
1963 Coupe
Chassis Num: 1921
Engine Num: 10746

Chassis information for the Lotus Elite
1963 Coupe
Chassis Num: EB 1509/1982
Engine Num: 9298

1962 Lotus Elite

Additional valuation insight and sales data
History
Specifications
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Other Lotus Elite model years


Vehicle information, history, And specifications from concept to production.
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