1957 BMW 507 hidden for over 40 years heads to auction

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After 43 years locked in a Philadelphia storage, this uncommon 1957 BMW 507 Roadster Sequence II is headed to a Bonhams public sale in Newport, Rhode Island, scheduled for September 30.

Sporting chassis quantity 70059, this automotive was initially delivered to Caracas, Venezuela, in line with BMW Weblog. It was then offered to a Montreal resident, after which bought by the late father of the present vendor in 1979. It was sometimes fired up, however hasn’t been pushed since then, in line with the public sale itemizing.

The 507 stays in unrestored situation, sporting Pontiac Shiny Blue Metallic paint from a Seventies respray, in line with BMW Weblog. However Bonhams says the automotive is in any other case largely authentic, with a numbers-matching engine, Rudge wheels, and a detachable hardtop.

1957 BMW 507 Roadster Series II (photo via Bonhams)

1957 BMW 507 Roadster Sequence II (picture by way of Bonhams)

BMW designed the 507 to compete within the burgeoning postwar U.S. market, the place it competed towards the rival Mercedes-Benz 300 SL. Attractive bodywork designed by Depend Albrecht Graf von Goertz was paired with a 3.2-liter V-8 that made 150 hp.

Whereas it did appeal to rich house owners, together with Elvis Presley, the 507 was a gross sales flop. With simply 252 made, it is now one of many rarest BMWs ever made. BMW itself struggled within the postwar years, and would not discover stability till it shifted from constructing low-volume luxurious vehicles to extra inexpensive fashions, exemplified by the Neue Klasse sequence of the Nineteen Sixties.

Bonhams expects this 507 to promote for between $1.8 million and $2.2 million, which would not be out of line with previous 507 transactions. In 2018, the public sale home offered a 507 that belonged to the late Method 1 champion John Surtees for $4.5 million, in addition to an instance beforehand owned by 507 designer von Goertz. That automotive offered for $2.8 million.

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