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

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