Heroshot

1965 Lotus Cortina

Mk I
$60,000
Not sold at a high bid of
$75,000 - $125,000
Est. Range
Yes
Reserve
118
Lot Number
#3+
Competition restoration
Bonhams
Auction House
Chassis no. 424440; Engine no. S2650. Red and gold over black. 1558/170hp Lotus Twin Cam with dual Webers, 4-speed, Minilite wheels, wood shift knob, leather-wrapped steering wheel. Race-prepped with roll cage, fire system, fuel cell, modern bucket seats with Sabelt harnesses.

Evaluation: Originally a European market car. Converted to race specs in the 1990s with Alan Mann Racing-inspired red-and-gold paint. Proven race car with appearances at Goodwood, Silverstone Classic, Six Hours of Spa, Monterey Motorsports Reunion, Coronado Speed Festival and Lime Rock Historic Festival. 2018 rebuild of the replacement engine. Shows all the signs of a used race car, but a maintained one.

Bottom Line: While this car has an impressive race résumé, none of them were in period and from a market perspective don’t make much of a difference in its value. The reported high bid was right-on for a Cortina in this condition.

by Andrew Newton
27 January 2021
Hagerty
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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.