20th Oct, 2022 15:00

The Fast Road Sale @ Imperial War Museum, Duxford

Lot 348

1998 Lotus Elise S1
Just 28,000 miles from new

Sold for £24,750

(including buyers premium)

Lot details

Registration No: R404 JTM
Chassis No: SCCGA1114WHC33576
MOT: May 2023

  • Cherished by two 'dyed in the wool' Lotus enthusiasts from new the first of whom visited Hethel to oversee its build
  • Supplied by the London Lotus Centre
  • Original book pack and serviced on an annual (and sometimes bi-annual) basis for much of its life
  • Finished in the handsome combination of New Aluminium with Blue / Black upholstery
  • Subtly enhanced with S2 suspension and S2-style upholstery
  • Desirable MMC disc brakes

Introduced at the 1995 Frankfurt Motor Show, the Lotus Elise was a driver’s car par excellence. A paragon of lightness, agility and responsiveness, the newcomer utilised a bonded extruded aluminium chassis clad with fibreglass body panels. Mid-mounted and allied to five-speed manual transmission, its 1.8 litre K-Series engine produced a modest 118bhp and 122lbft of torque. However, with a kerb weight of just 725kg the two-seater was capable of 0-60mph in 5.8 seconds and over 120mph. Able to glide over a broken British B-road in typical Lotus fashion, the Elise did without power steering, ABS or traction control and was all the better for it. Early models featured Metal Matrix Composite (MMC) brake discs which not only minimised unsprung weight but also provided great feel. Enthusiasts are already seeking out Series 1 cars (especially MMC equipped examples) as representing the purest incarnation of the Elise; a trend which seems bound to continue.

Having placed his order through the London Lotus Centre, the first owner of ‘R404 JTM’ was such a marque enthusiast that he made several trips to Hethel to observe it being built (the associated photographs remain on file). Passionate about the Elise, he not only had it serviced on an annual (and sometimes bi-annual) basis initially but also subtly enhanced the two-seater’s driving dynamics and interior with S2 suspension components and S2-style upholstery. Another Lotus aficionado whose uncle had worked for the Norfolk firm before becoming specialising in the marque, the vendor was drawn to ‘R404 JTM’ by its condition, originality and impressive history file. Only the car’s second owner, he rates the engine, gearbox, electrical equipment, bodywork, paintwork and interior trim as all being ‘very good overall’. The Dark Blue soft-top roof is in good order as is the ‘shower cap’ and underside. Starting readily and running well during our recent photography session, this low mileage Elise S1 has much to recommend it and would certainly grace a marque collection.

For more information, please contact:
Damian Jones
07855 493737


All successful bids must be paid in full by midday the day after the auction at the latest.

You can collect your new pride and joy from our venue until 1pm the day following the sale or our partners are on hand to help arrange safe transportation:


Auction: The Fast Road Sale @ Imperial War Museum, Duxford, 20th Oct, 2022

An auction of iconic performance cars


Tuesday 18th October 2022 from 12pm to 6pm
Wednesday 19th October 2022 from 9am
Thursday 20th October from 9am

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