LOT 303

1967 Lotus Elan S2 Convertible Registration no. WAR 540E Chassis no. 457001 Engine no. LP7943LBA

Sold for £26,450 inc. premium

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Lot 303

1967 Lotus Elan S2 Convertible

Goodwood Revival: Collectors' Motor Cars and Automobilia|17 September 2022, 13:00 BST|Chichester, Goodwood

1967 Lotus Elan S2 Convertible
Registration no. WAR 540E
Chassis no. 457001
Engine no. LP7943LBA

• Present ownership since 2009
• Professionally restored (completed in 2013)
• Original chassis
• New road-weight body
• Restoration records available

Footnotes

One of the Veteran Racing Car Club Ltd's customers (the current lady vendor) purchased this Elan from Mr Roger Watkins, its owner from 1978/1979. Mr Watkins had acquired the Elan from, he thought, the original owner who had run it for a few years until the engine had failed. The car had then been stored and the body damaged. He had worked on the engine but had never run it, and the car had not moved at all during his ownership of some 30 years.

In VRCC's workshop it was established that the chassis was complete and undamaged, while the engine appeared to have been rebuilt but was in unknown condition. Many other parts were present but needed work, and the body was poor. Its new owner commissioned a restoration. She wanted a road car not a racing car, but wanted the Elan to be built to survive hard use and the occasional track day.

The work included stripping and zinc-dipping the chassis and the purchase of an entire new road-weight body (the original body was too poor to restore). Parts were obtained from Elan specialist Bob Yarwood. John Smirthwaite of JS Motorsports rebuilt the engine to fast road specification (recent dynamometer printouts available). The chassis and mechanical parts were assembled by VRCC to check that all moving parts were present. The whole car was then sent to and rebuilt by Larry Kennedy of Witchhampton Garage in Dorset using mainly new or renovated parts. (Larry Kennedy is a former Elan racer and builder of championship-winning Elans over many years.)
The original seat frames were repaired, stripped, powder coated, properly padded and covered in leather. A new leather interior together with new carpets was installed by Mark Thomas (invoice on file) and a new mohair hood purchased and fitted by Larry Kennedy to match the dark blue interior. A Mazda electric headlight motor conversion was installed. New replica alloy wheels and new tyres were acquired and fitted. The car was painted in FIAT Azure Blue, which is close to an original Elan colour but a modern paint. The shell of a hardtop (without fittings and rear glass) is included in the sale.
The restoration was completed in 2013. Since then, because of pressure of work, the Elan has hardly been used although it did attend one track day at Goodwood in 2017 where it performed faultlessly. It has recently been recommissioned and has a fresh MoT, although it does no longer needs one. The accompanying history file contains supporting correspondence, restoration bills, photographs, and a V5C document.

Saleroom notices

Please note this 1967 Lotus Elan, 457001 is a series 3 and not a series 2 as catalogued.

Additional information

This auction is now finished. If you are interested in consigning in future auctions, please contact the specialist department. If you have queries about lots purchased in this auction, please contact customer services.
Buyers Obligations
ALL BIDDERS MUST AGREE THAT THEY HAVE READ AND UNDERSTOOD BONHAMS' CONDITIONS OF SALE AND AGREE TO BE BOUND BY THEM, AND AGREE TO PAY THE "BUYER'S PREMIUM" AND ANY OTHER CHARGES MENTIONED IN THE NOTICE TO BIDDERS. THIS AFFECTS THE BIDDERS LEGAL RIGHTS.
If you have any complaints or questions about the Conditions of Sale, please contact your nearest customer services team.
Buyers Premium and Charges
Like the vast majority of auctioneers Bonhams charge what is known as a Buyer's Premium. Buyer's Premium on all Automobilia lots will adhere to Bonhams group policy:
27.5% on the first £20,000 of the hammer price;
26% of the hammer price of amounts in excess of £20,000 up to and including £700,000;
20% of the hammer price of amounts in excess of £700,000 up to and including £4,500,000;
and 14.5% of the hammer price of any amounts in excess of £4,500,000.
For Motor Cars and Motorcycles a 15% Buyer's Premium is payable on the first £500,000 of the final Hammer Price of each Lot, and 12% on any amount by which the Hammer Price exceeds £500,000. VAT at the standard rate is payable on the Premium by all Buyers, unless otherwise stated.
Some lots may be subject to VAT on the Hammer Price. These lots will be clearly marked with the relevant symbol printed beside the lot number in the catalogue.
Collection Notices
As a mark of respect following the passing of Her Majesty Queen Elizabeth II, Goodwood will be closed on Monday 19 September, a Bank Holiday, for the State Funeral.
Collection of Motor Cars will be postponed to Tuesday 20 September from 0900 until 1200, after which any uncollected Lots will be removed to store at Buyer / Vendor expense, as the case may be.
Automobilia Lots will be removed on the evening of Sunday 18 September.
It will not be possible to collect Motor Car Lots until Tuesday 20 September.
Payment Notices
For payment information please refer to the sale catalog.
Shipping Notices
Please Note the Automobilia department do not ship out purchased lots, please contact them to be advised of recommended shippers.
All lots not collected at the sale will be charged an Uplift fee as the lots are taken back to storage in Guildford.
All lots marks with 3 diamonds that remain uncollected after the sale are taken to a storage facility in Guildford, separate to the Bonhams Guildford office.
Lot Symbols
•
EXEMPT FROM VAT
Zero rated for VAT, no VAT will be added to the Hammer Price or the Buyer's Premium.
IMPORT LOW RATE
VAT on imported items at a preferential rate of 5% on Hammer Price and the prevailing rate on Buyer's Premium.
AR
ARTISTS RESALE RIGHT
Goods subject to Artists Resale Right Additional Premium.
N
NOVA DECLARATION
MOTORCYCLES If purchased by a UK resident, this machine is subject to a NOVA declaration, whilst the responsibility of submitting the NOVA rests with the Buyer to do so, Bonhams will facilitate the process by engaging an agent (SHIPPIO) to undertake the NOVA and C88 (customs) application if applicable on the Buyer's behalf. A fee of £125 + VAT to do so will be added to the Buyer's invoice.CARSIf purchased by a UK resident, this machine is subject to a NOVA declaration, whilst the responsibility of submitting the NOVA rests with the Buyer to do so, Bonhams will facilitate the process by engaging an agent (CARS) to undertake the NOVA on the Buyer's behalf. A fee of £250 + VAT to do so will be added to the Buyer's invoice.
Ω
IMPORT HIGH RATE
VAT on imported items at the prevailing rate on Hammer Price and Buyer's Premium.
AUTOMOBILIA
All lots will be charged £10 + VAT Uplift and storage at £1 + VAT per day per lot.
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UPLIFT AND STORAGE CHARGES
£25 + VAT uplift and storage at £5 + VAT per lot per day.
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UPLIFT AND STORAGE CHARGES
£50 + VAT uplift and storage at £10 + VAT per lot per day
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SPECIALIST SHIPPING AND STORAGE
All lots marked with 3 diamonds will require specific shipping and storage arrangements, as they are either extremely heavy or large items, they will be removed by Autofreight Ltd, who provide independent uplift and storage services for larger lots. There are charges for this service and for storage in their warehouse in Guildford, Surrey, at the buyers expense.
Please contact John Wood, Autofreight Ltd, by phone 01483 222256, or email [email protected] for further information, details of costs and charges or to arrange collection from GU3 3HD.
Shippers or Agents wishing to collect on behalf of the purchaser must provide written instruction from the client before Bonhams will release the lot(s). All purchases are at Buyers risk from the fall of the hammer.
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