Heroshot

1970 Lola T165 Can-Am

Amelia Island 2020 - RM Sotheby's
Friday, 6 March - Saturday, 7 March 2020
$665,000
Sale Price
213
Lot Number
#3-
Competition Restoration
RM Sotheby's
Auction House
Chassis No. SL16522. Red over black leatherette. RHD. 427-ci, 900-hp V-8. Hewland LG-504 gearbox. Chaparral valve covers. Vertex magneto, fuel injection, wing, two seats, Momo foam-rim steering wheel, centerlock alloy wheels, and Avon tires.

Evaluation: Competition restoration | Raced by Jack Hinkle from 1972 to ’79, and once by Paul Newman at Heartland Park in 1989 with no notable results. Late ’90s restoration by Bruce Canepa. Orderly but aged and not used in some time. There’s minor corrosion on the intake manifold, general age in the
engine compartment, and more corrosion on the mag wheels. Doesn’t run and the brakes don’t work. The paint and upholstery are good; the rest needs abundant attention.

Bottom Line: At least two people saw gobs of hidden value in this Lola T165, propelling it to an eye-watering result for a car with no notable race history that doesn’t run and doesn’t stop. It will need even more gobs of money to realize its potential on the track. The reason(s) for this result are opaque; it is fantastically expensive at this price.

by Hagerty Editor
1 February 2020
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.