1958 Elite Series I underwent an extensive restoration.

Fans of all things Lotus will soon have the chance to purchase the first production Elite. A 1958 Elite Series I, with chassis number 1009, is heading to auction at the Silverstone Classic on July 30.

This particular Lotus Elite was shown at the Earls Court Motor Show in 1958 and was subsequently purchased by one of Lotus founder Colin Chapman’s favorite customers. The car was raced competitively across Europe for years, including at Goodwood and the Nürburgring, before spending many years in storage.

After it was rediscovered, the 1958 Lotus Elite underwent a thorough restoration that involved stripping its fiberglass monocoque. The bodywork was repainted, the engine was rebuilt to “full-race” spec, new wheels and suspension were installed, the transmission was fully rebuilt, and safety gear such as a roll cage and bucket seats were added. British Lotus experts Tolman Motorsport, according to the auction house, “ensured that this Elite flows down the road in the way Colin Chapman intended.”

The 1958 Lotus Elite goes up for auction on July 30 with an estimate of £75,000-£100,000 (approx. $130,000-$175,000 CDN).

Source: Silverstone Auctions

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