Image credit: © conceptcarz.com (Reproduction Or reuse prohibited).

1970 Lotus Elan background image

1970 Lotus Elan Coupe

  • Chassis Number: 501782
1970 Lotus Elan Navigation
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

Vehicles With Comparable Market Values

Similar sales to the $23,772 range.
1948 Mercury Convertible
Chassis#:899a2148483
Sold for $23,650
2025 Mecum : Kissimmee
1969 Pontiac Firebird Convertible
Chassis#:223679u125082
Sold for $23,650
2024 Mecum : Kansas City
1947 Buick Super Convertible
Chassis#:14815838
Sold for $23,650
2024 Mecum : Kansas City
1964 FIAT 600D MULTIPLA
Chassis#:123118
Sold for $23,650
2024 Barrett-Jackson : Scottsdale Fall
1997 FORD F-250 XLT PICKUP
Chassis#:1FTHX26F1VED00582
Sold for $23,650
2024 Barrett-Jackson : Scottsdale Fall
2007 Chevrolet Silverado 2500HD Pickup
Chassis#:1gchk29u67e105654
Sold for $23,650
2024 Mecum : Indy Fall Special
1981 Chevrolet C10 Silverado Pickup
Chassis#:1gcdc14g0bf302829
Sold for $23,650
2024 Mecum : Indy Fall Special
1999 Porsche 911 Carrera Cabriolet
Chassis#:wp0ca2998xs651737
Sold for $23,650
2024 Mecum : Indy Fall Special
1966 Plymouth Barracuda Fastback
Chassis#:bp29d65112238
Sold for $23,650
2024 Mecum : Dallas
1965 Plymouth Satellite Convertible
Chassis#:r451265919
Sold for $23,650
2024 Mecum : Monterey
1970 Lotus Elan vehicle thumbnail image  1970 Lotus Elan vehicle thumbnail image  
1964 GMC Pickup
Chassis#:1002hf2226a
Sold for $23,650
2024 Mecum : Harrisburg
1986 Chevrolet Monte Carlo SS Coupe
Chassis#:1g1gz37g0gr181981
Sold for $23,650
2024 Mecum : Harrisburg
1969 Chevrolet Corvette Convertible
Chassis#:194679s711751
Sold for $23,650
2024 Mecum : Harrisburg
1995 Mitsubishi 3000GT SL Spyder
Chassis#:ja3av65j2sy829651
Sold for $23,650
2024 Mecum : Harrisburg
2003 Ford Thunderbird Premium Convertible
Chassis#:1fahp60a53y112282
Sold for $23,650
2024 Mecum : Indy
1999 Chevrolet Silverado 1500 LT Pickup
Chassis#:1gcek19t2xe180761
Sold for $23,650
2024 Mecum : Indy
1957 Alfa Romeo Giulietta T.I. Berlina by Bertone
Chassis#:AR1468 01035
Sold for $23,537
2024 RM Sothebys : Monaco
1967 DODGE DART GT CONVERTIBLE
Chassis#:LP27D72239636
Sold for $23,650
2024 Barrett-Jackson : Palm Beach
1923 Ford Model T T-Bucket
Chassis#:arkavpc1280003152
Sold for $23,650
2024 Mecum : Houston
1981 Pontiac Turbo Trans Am
Chassis#:1g2aw87txbn125079
Sold for $23,650
2024 Mecum : Glendale

1970 Lotus Elan

Additional valuation insight and sales data
History
Specifications
Image gallery
Other Lotus Elan model years

1970 Lotus Elan Vehicle Profiles

1970 Lotus Elan vehicle information
Coupe
Chassis #: 501782

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