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1970 Lotus Elan Coupe

  • Chassis Number: 501782
This 1970 Lotus Elan 2+2 Fixed Head Coupe was offered for sale at the 2007 Sports and Classic Car Auction presented by The Worldwide Group, in Hilton Head Island, SC where it was estimated to sell for $25,000 - $35,000. It is powered by a four-cylinder twin-cam engine that displaced 1558cc and capable of producing nearly 110 horsepower. There is a four-speed manual gearbox and four-wheel disc brakes.

In 1952 engineer Colin Chapman formed Lotus Engineering Ltd. Team Lotus actively campaigned in Formula One Race from 1958 through 1994.

Just a few years after the company was formed, it was on the verge of bankruptcy. The Elan was a model that helped bring it back from the brink. It was an attractive vehicle constructed of lightweight fiberglass and fitted to a steel backbone chassis. The result was excellent handling and great performance. The design of the Elan was courtesy of Mr. Ron Hickman and a former employee of the Ford Corporation.

The Elan was introduced in 1962 and served as a successor to the Elite model. Under the bonnet was a four-cylinder twin-cam engine which helped propel the car into a legend.

The original Elan was configured as a roadster, although an optional hardtop was offered in 1963 and a coupe version in 1965. This was the first Lotus road car utilizing the steel backbone chassis with a fiberglass body. Performance was maximized with four-wheel disc brakes and four-wheel independent suspension.

In 1967 an Elan 2+2 built on a longer wheelbase and two addtional seats was introduced. In total, there were around 17,000 examples of the Elan and Elan +2 created.

The Elan was ranked number six on the list of Top Sports Cars of the 1960's by the Sports Car International. It is also credited with being the design inspiration for the highly successful Mazda MX-5 (Miata).

This 1970 Elan is a +2 with Fixed Head Coupe configuration. It has been treated to a complete restoration off the frame and still shows well. The exterior is finished in a bright red with a black fixed top. The interior is in its original black with matching black carpeting and power windows.

As the gavel fell on auction day this car had found new ownership, though the bidding had fallen short of the estimated value. The car was sold for $20,900.

By Daniel Vaughan | Nov 2007

2007 The Hilton Head Sports & Classic Car Auction

Pre-Auction Estimates :
USD $25,000-USD $35,000 
Sale Price :
USD $20,900

1970 Lotus Elan Auction Sales

Recent Sales of the Lotus Elan

(Data based on Model Year 1970 sales)
1970 Lotus Elan S4 SE Drophead Coupé
Chassis#: 7006150079C
Sold for USD$21,890
  2020 Bonhams July Motoring Auction
 
1970 Lotus Elan S4
Chassis#: 7004080029A
Sold for USD$15,642
  2020 RM : The European Sale featuring the Petitjean Collection
 
1970 Lotus Elan +2S
Chassis#: 50-00971
Sold for USD$12,917
  2018 H & H Auction - Pavilion Gardens, Buxton
 
1970 Lotus Elan S4 SE DHC
Chassis#: 36/9647
Sold for USD$30,435
  2017 Silverstone - NEC Classic Motor Show
 
1970 Lotus Elan Sprint DHC
Chassis#: 7006140170G
Sold for USD$47,250
  2017 Silverstone - Classic
 
1970 Lotus Elan S4 SE LHD Type 45 Convertible
Sold for USD$24,828
  2016 Anglia Auction - 27th August
 
1970 Lotus Elan S4 FHC Race Car
Sold for USD$40,563
  2016 Silverstone Auction - Race Retro Competition
 
1970 Lotus Elan +2S
Chassis#: 7005090216L
Sold for USD$24,213
  2015 H & H Auctions - Imperial War Museum
 
1970 Lotus Elan S4 SE
Sold for USD$41,877
  2015 Silverstone Auction - Classic Sale
 
1970 Lotus Elan S4 FHC Race Car
Sold for USD$45,038
  2015 Silverstone Auction - Race Retro Classic Car
 
1970 Lotus Elan S4 Drophead Coupe
Chassis#: 45/9588
Sold for USD$33,729
  2014 H & H Auctions - Pavilion Gardens
 
1970 Lotus Elan Plus 2 Coupe
Sold for USD$19,250
  2014 Auctions America - Auburn Spring
 
1970 Lotus Elan plus 2S
Chassis#: 50-2523
Sold for USD$19,489
  2014 Silverstone : Race Retro & Classic Car Sale
 
1970 Lotus Elan FHC S4 SE
Chassis#: 7004080066E
Sold for USD$29,646
  2013 Silverstone : Race Retro & Classic Car Sale
 
1970 Lotus Elan Sprint Drophead Coupe
Chassis#: 70030600125
Sold for USD$29,625
  2012 Bonhams - Collectors' Motor cars and Automobilia
 
1970 Lotus Elan Convertible
Sold for USD$8,850
  2012 Auctions America - The Bennett Collection
 
1970 Lotus Elan Sprint Drophead Coupe
Sold for USD$37,021
  2012 Coys - Blenheim Palace
 
1970 Lotus Elan S4 DHC chassis and parts
Sold for USD$4,031
  2012 Silverstone : The Spring Sale
 
1970 Lotus Elan +2 S - Sprint / Trackday / Hillclimb Car
Chassis#: SPY2085
Sold for USD$10,826
  2012 Silverstone : Race Retro Classic Car Sale
 
1970 Lotus Elan +2 Cabriolet Conversion
Chassis#: 73121849L
Sold for USD$7,159
  2012 Silverstone : Race Retro Classic Car Sale
 

Lotus Elans That Failed To Sell At Auction

1970 Lotus Elan's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1970 Lotus Elan S4 Drophead Coupé7005110126G2020 Bonhams July Motoring Auction   
1970 Lotus Elan S4 Sprint 2019 Silverstone Classic Cars & Competition Cars   
1970 Lotus Elan S445/96182018 Silverstone Auction : September Sale   
1970 Lotus Elan S4 SE97092018 Historics at Brooklands Ascot Racecourse $20,000$25,000
1970 Lotus Elan SE45-97652014 Silverstone Auction NEC Classic Motor Show 2014 $22,000$25,000
1970 LOTUS ELAN S4 SPRINT DROPHEAD COUPÉ7085120155G2014 The Goodwood Festival of Speed Sale $29,000$34,000

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1970 Lotus Elan

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1970 Lotus Elan vehicle information
Coupe
Chassis #: 501782