Formula Junior – 2019 Market & Price Guide

The Formula Junior category was introduced in Italy in 1958 by Count Giovanni Lurani, and in 1959 it became an International Formula. Shortly thereafter, in 1960, the British began to take a serious interest in the category, beginning the rivalry between British and Italian cars.

The original FIA Formula Junior regulations defined the cars as single-seater racing cars with the mechanical components coming from a touring car of which a minimum of 1,000 units had been produced in 12 months time. The chassis was built within certain dimensions and to a weight minimum. The engine, gearbox, brakes, etc., had to be as derived from a production touring car. Therefore, the great variety of choices on different cars, such as engines from BMC, Fiat and Ford, and gearboxes from Citroen, Renault and VW.

Formula Junior was in effect Formula Two and Formula Three combined, with a maximum engine capacity of one liter or 1.1 liters, depending on the car’s weight. It was a single-seater training ground for young drivers from 1959 to 1963. It produced an endless list of future Formula One stars, including Chris Amon, Richard Attwood, Peter Arundell, Jim Clark, Denis Hulme, Peter Revson, Jochen Rindt, Joe Siffert and John Surtees.

Lotus was the dominant force in Formula Junior, wining the British National Championship from 1960-1963; but a dozen other small companies also produced cars including Bandini, Brabham, Cooper, Elva, Lola, Merlyn, Osca, Stanguellini and Taraschi.

These were, in effect, mini Grand Prix teams with first-class drivers, designers and mechanics. Ironically, Formula Junior, which was started as a cost savings effort, was ultimately stopped because the Formula One technology of the day was being used in this lower formula. The monocoque design of the Lotus 27 was a prime example of this technology.

Today, the large number of premium venues combined with very competitive grids has translated into a very strong market for Formula Juniors, especially in Europe. Having a legitimate Formula Junior allows one the opportunity to race at Goodwood, the Monaco Historic, and the Rolex Monterey Motorsports Reunion, to name but a few events.

MakeModelLevel III Level IILevel I
AlexisMk 1, 2, 3, 4$45,000.00$60,000.00$75,000.00
AusperType 2, 4$45,000.00$60,000.00$75,000.00
Bandini$45,000.00$50,000.00$65,000.00
BMCMk 1, 2$35,000.00$50,000.00$60,000.00
BrabhamBT2$65,000.00$95,000.00$110,000.00
BT6$75,000.00$105,000.00$125,000.00
CooperT52$40,000.00$55,000.00$65,000.00
T56$50,000.00$65,000.00$80,000.00
T59$50,000.00$65,000.00$80,000.00
T67$75,000.00$90,000.00$105,000.00
Elva100$35,000.00$45,000.00$60,000.00
200$40,000.00$55,000.00$70,000.00
300$50,000.00$65,000.00$80,000.00
GeminiMk2$40,000.00$60,000.00$75,000.00
Mk3A, 4A$35,000.00$55,000.00$70,000.00
Kieft$35,000.00$45,000.00$60,000.00
LolaMk2$50,000.00$70,000.00$85,000.00
Mk3$65,000.00$85,000.00$100,000.00
Mk5, 5A$75,000.00$100,000.00$120,000.00
Lotus18$45,000.00$65,000.00$85,000.00
20$55,000.00$75,000.00$90,000.00
22$65,000.00$100,000.00$115,000.00
27$80,000.00$120,000.00$140,000.00
MallockU2$35,000.00$50,000.00$60,000.00
MerlynMk3$40,000.00$60,000.00$75,000.00
Mk5$45,000.00$65,000.00$80,000.00
OSCA$55,000.00$70,000.00$80,000.00
Stanguellini$45,000.00$65,000.00$75,000.00
Taraschi$40,000.00$60,000.00$70,000.00
TojeiroBritannia$40,000.00$60,000.00$70,000.00
Volpini$40,000.00$60,000.00$70,000.00

1959 Volpini

Photo: Pete Austin

Volpini was well established by 1958 when he decided to build a Formula Junior. There was a depth of knowledge with Volpini. Count Lurani was a consultant and Colombo, the designer of the Alfa Romeo 158 and early Ferraris, was the designer. The Volpini Junior had a ladder type tubular frame and Fiat four cylinder power mated to a Fiat four speed gearbox. It used a live rear axle and drum brakes. A young Lorenzo Bandini started his racing career in a Volpini.

1963 Lotus 27

Colin Chapman’s Lotus Cars of Norfolk, England, was well known for its successful lightweight, nimble single-seater and sports racing cars. Chapman’s background as an aircraft, light-metals, stress engineer helped him with this design philosophy. Formula Junior was the Formula 2 and Formula 3 series combined from 1959 to 1963, in order to cut costs and have more competitive racing. Ironically, the Lotus 27 model brought the airplane and Formula One technology of the day to the lower series and raised the cost of competition. In 1964, Formula Junior came to an end and Formula 2 and 3 returned. The 27 had an aluminum monocoque, front inboard springs and shocks, wishbone suspension, disc brakes, and 13-inch magnesium wheels. It was powered by the Cosworth-developed Ford 105E engine mated to a Hewland 5-speed gearbox. Peter Arundel took the 27 to the Junior championship in 1963 over Denis Hulme’s Brabham BT6. Today, this car is considered the ultimate Junior and an example of Chapman’s design and engineering excellence.


Criteria Used For Assessing Valuations for this Guide:

  • Degree of Originality
  • Overall Condition, Restoration
  • Technology, Design, Coachbuilder
  • Production Numbers/Rarity
  • Competition History
  • Ownership History, Documentation
  • Modern Event Eligibility

Regional Variances

The prices stated in this guide are based on U.S. values. The values of historic racing cars can vary as much as 25%-35% in other countries, depending on local market appeal, currency rates, import duties, and VAT. Most of the time, we are able to document known sales or closed escrows, as they say in real estate. When this is not possible, a logical estimate of the car’s value is given, based on its sales history and relationship to cars of its type.

The prices stated in this guide are based on U.S. values. The values of historic racing cars can vary as much as 25%-35% in other countries, depending on local market appeal, currency rates, import duties, and VAT.

LEVEL

VALUATION CATEGORIES

I

The best combination
of all criteria.

II

Satisfies mid-range
of criteria.

III

In need of restoration. Meets
only a few points of criteria