Ambitiously priced Lotus 340R

[danny tattersall]

As a an owner of one of these fine machines I have a vested interest in the value of a 340R. As such, I periodically check on the usual websites and have seen them advertised until fairly recently in the £30 - £35k range. You can imagine my surprise when I casually went through the usual searches and found this one advertised at £79k - https://www.pistonheads.com/classifieds/used-cars/... It does look like a lovely example but that sort of money can buy some pretty serious metal! Intrigued, I conducted another search only to discover that a left hand drive one with 17,000km on the clock sold at auction for £71,584 - https://www.bonhams.com/auctions/24132/lot/79/ in May this year. Am I missing something or do these 'values' make no sense whatsoever? I wish the vendor best of luck with the sale as it has certainly set the bar very high!

Danny.

Edited by danny tattersall on Thursday 13th July 12:25

Edited by danny tattersall on Thursday 13th July 12:27

[danny tattersall]

Nobody can deny that Lotus prices in general have increased over the last few years. But for a 340R to have sold, and another one to be currently advertised, at twice the price they were a matter of months ago is incredible. Those prices are also in excess of double what the car cost when they were new which gets me onto the subject of Lotus 2-eleven values; does anybody think that these are likely to follow the pattern of the 340R? I've recently bought an immaculate launch edition model which has 1 owner from new and 1100 miles on the clock for around the same price that they were when new. I knew that I was paying top money for it but I happened to think it was worth it. However, somebody else told me that they thought it was very expensive. So, I suppose the value is all down to people's opinions and the acid test is whether they actually sell at or near the advertised price.

I bought my cars to enjoy them rather than as investments but it is always nice not to lose money on them if possible.

[danny tattersall]

They are truly excellent cars but the prices have reached fever pitch. It'll be interesting to see how long this hangs around:

https://www.pistonheads.com/classifieds/used-cars/...

Danny.

[danny tattersall]

RobinSherwood said:

danny tattersall said:

They are truly excellent cars but the prices have reached fever pitch. It'll be interesting to see how long this hangs around:

https://www.pistonheads.com/classifieds/used-cars/...

Danny.

The most recent sales were Bonhams in May with 17,000 miles (and apparently the car itself wasn’t that great) £72,657. The car that sold privately in the UK last month with 5000 miles went for £79,000 and a car sold in Italy last month with 1600 miles for £92,000.

This 'last car' is my car and I have had one serious sounding enquiry already and I only listed it this morning. So we shall see.

It looks like a lovely example and I wish you all the best with the sale. You'll miss it when it has gone but the money in your bank account will provide some consolation!

All the best,

Danny.