1969 Lola-Chevrolet T142 Formula 5000 Racing Single-Seater  Chassis no. SL142/25

This lot has been removed from the website, please contact customer services for more information

Lot 309
1969 Lola-Chevrolet T142 Formula 5000 Racing Single-Seater
Chassis no. SL142/25

Sold for £ 28,851 (US$ 36,508) inc. premium
1969 Lola-Chevrolet T142 Formula 5000 Racing Single-Seater
Chassis no. SL142/25

Footnotes

  • One of the most attractive and fast developing categories within Historic motor racing is Formula 5000, catering for single-seater (near-Formula 1) cars powered by production-based engines of up to 5-litres capacity. Formula 5000 racing was introduced in 1968 in American SCCA as ‘Formula A’, and the category enjoyed popularity in the early ’70s in the USA featuring such drivers as Mario Andretti, Jody Scheckter, Brian Redman and David Hobbs.
    In the UK and Europe, Formula 5000 matching American Formula A, was adopted in 1969 and such manufacturers as McLaren-Trojan and Lola Cars were quick to support it. In particular Lola Cars of Huntingdon had developed the multi-tubular spaceframe-chassised T140 model for the pioneering American class in 1968, and for 1969 it was quickly updated into the replacement T142 as offered here.

    Formula 5000 had also caught on in South African national-Championship competition which had long been the preserve of former Formula 1 machines, and this particular Lola-Chevrolet T142 is understood to have been delivered new from Lola Cars to the Serrurier team in South Africa form whom it was driven by Jackie Pretorius in 1969-70. The car continued to be campaigned within South African national events until 1974, before eventually returning into private ownership here in the UK.

    The current vendor purchased the car in 2000, since when it has been completely rebuilt to very high standards, employing numerous all-new components. It is a well-known car, having been campaigned in the Derek Bell Formula 5000 series of both 2004 and 2005. We understand that the only substantial modifications made from original specification have been some relocation of ancillaries within the chassis top achieving improved weight distribution. Condition of the 5-litre Chevrolet V8 engine is described as being “as new”, as is that of the chassis, and the car is handsomely liveried in blue and silver.

    When Formula 5000 was adopted in Britain for 1969, Lola Cars was already featuring large in the export market selling T140 Formula A chassis to the American market. Based upon T70 sports-car running gear, the original T140 had been a simple and capacious multi-tubular spaceframe design which proved competitive with the home-grown American Eagle. For 1969 the basic T140 specification was updated to create the T142 model as now offered here. The cars sold in considerable numbers to the USA, South Africa, Canada and in the UK with more than 40 combined T140/142 chassis being completed at Huntingdon. One compelling reason for the model’s contemporary popularity was its selling price of £5,500 complete with Traco-modified Chevrolet V8 engine.

    At the end of the 1969 season it was apparent that the Lola T142 ‘circus’ had really kept F5000 alive. The Paul Hawkins Racing-operated car was tended by Eric Broadley of Lola at several British meetings, was managed by the well-known Jackie Epstein and was driven by none other than former multiple motorcycle World Champion Mike Hailwood. Keith Holland was a consistent front-runner in the Alan Fraser-owned T142, while Mike Walker also shone in the Alan McKechnie-entered example. Other leading T142 exponents upon the active British scene included Frank Gardner, Ulf Norinder, Willie Forbes, Robin Widdows, Tony Lanfranchi, Alan Rollinson and Doug Hadrwick, amongst many more.

    The Lola-Chevrolet T142 provided the backbone of Formula 5000 entries in that formative period, and this beautifully-presented example provides a superb entry into the Historic class today.

1969 Lola-Chevrolet T142 Formula 5000 Racing Single-Seater  Chassis no. SL142/25
1969 Lola-Chevrolet T142 Formula 5000 Racing Single-Seater  Chassis no. SL142/25
1969 Lola-Chevrolet T142 Formula 5000 Racing Single-Seater  Chassis no. SL142/25
Auction information

This sale is now finished. If you are interested in consigning in future sales, please contact the specialist department. If you have queries about lots purchased in this sale, please contact customer services.

Buyers' Obligations

ALL BIDDERS MUST AGREE THAT THEY HAVE READ AND UNDERSTOOD BONHAMS' CONDITIONS OF SALE AND AGREE TO BE BOUND BY THEM, AND AGREE TO PAY THE BUYER'S PREMIUM AND ANY OTHER CHARGES MENTIONED IN THE NOTICE TO BIDDERS. THIS AFFECTS THE BIDDERS LEGAL RIGHTS.

If you have any complaints or questions about the Conditions of Sale, please contact your nearest customer services team.

Buyers' Premium and Charges

Like the vast majority of auctioneers Bonhams charge what is known as a Buyer's Premium. Buyer's Premium on all Automobilia lots will adhere to Bonhams group policy:

25% up to £50,000 of hammer price,
20% from £50,001 to £1,000,000 of hammer price,
and 12% on the balance thereafter. This applies to each lot purchased and is subject to VAT.

For Motor Cars and Motorcycles a 15% Buyer's Premium is payable on the first £50,000 of the final Hammer Price of each Lot, and 12% on any amount by which the Hammer Price exceeds £50,000. VAT at the standard rate is payable on the Premium by all Buyers, unless otherwise stated.

Some lots may be subject to VAT on the Hammer Price. These lots will be clearly marked with the relevant symbol printed beside the lot number in the catalog.

Payment Notices

For payment information please refer to the sale catalog.

Shipping Notices

For information and estimates on domestic and international shipping as well as export licenses please contact Bonhams Shipping Department.