Second Chance – 1966 Lola T70 Mk II Spyder

Chevrolet V-8 T 70 Mark 2After winning the very first Can-Am championship in 1966 and the 24 Hours of Daytona in 1969, the Lola T70-Chevrolet has become one of the most popular historic racing cars of them all. Part of that is because the T70 is such a great looking car, whether it’s a Mk II or a Mk IIIB, a Coupe or a Spyder. They look good in any color, too, from the Sunoco-sponsored blue car that won Daytona to David Piper’s bright green one. Another reason for the popularity of the T70 in vintage racing is the simple fact that there are quite a few to choose from relative to some of the cars it competed against. While companies like Ferrari usually built a handful of any given prototype, Lola made a few dozen T70s. The Mk IIIB Coupe is probably the most iconic of the T70s due to its international career, but it’s examples like the one featured here, located in Springfield, Ohio, that gave the car its earliest successes in Can-Am.

This particular Mk II Spyder failed to sell at the Bonhams auction in Scottsdale a few weeks ago, where bidding fell thirty grand short of the $300,000-$400,000 estimate. Auction Editor Rick Carey said the #2 condition Lola was, “Very nicely restored vintage race car. Clean, tidy done right.” With its documented history and gleaming appearance, though, its disappointment at auction does not mean that this is not a desirable car. Chassis number SL71/22 was raced from new and first campaigned in livery promoting Ronald Reagan’s ’66 run for governor, a strange sponsorship arrangement that you just probably wouldn’t see today. While it ran in a few of the early Can-Am races, it didn’t achieve anything spectacular. In any case, it’s still a genuine Lola T70 and therefore worth attention. A long restoration process that began in the ’80s was just completed last year, so the T70 presents like new in its original Reagan paint and reskinned tub. And with the typical Chevy V-8 breathing through Webers, it looks ready to make lots of noise at all the great historic events.

Check out the 1966 Lola T70 Mk II Spyder here on eBay, where the owner is still aiming to get that $300,000, as reflected in the “Buy It Now” Price.

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