1958 BMW 507 in Original Condition Sold for $2.42 Million at Auction

For many people, including myself, the BMW 507 is the most beautiful car ever made by the Bavarian automaker. It’s very hard to find a flaw to its sculpted body that combines sportiness and elegance so harmoniously. It’s also a very rare car, as BMW only built 251 units between 1956 and 1959.

Aimed at the U.S. market where it would compete with the Mercedes 300 SL, the BMW 507 should have been built in a rate of thousands of units per year. However, it proved to be very expensive to make and nearly sank the company. In this context, it is not surprising that a 1958 example was sold at RM Auctions’ Amelia Island event earlier this month for $2.42 million (€1.75 million).

Powered by a 145hp 3.2-liter all-alloy overhead-valve V8 engine with dual carburetors, the BMW 507 was also fitted with a four-speed manual transmission, independent front suspension with dual A-arms and torsion bars, live rear axle with torsion bars, and hydraulic front disc and rear drum brakes.

This particular car had only two owners from new, with the second one owning it since 1972. A remarkable fact is that the car still has its original engine, number 40167, certified by BMW Classic, as well as factory Rudge wheels, Becker Mexico radio and factory hardtop.

The car underwent an interior refurbishment in the 1980s using red Connolly leather and Wilton wool carpeting, followed in 1997 by a more thorough interior restoration, with all trim removed, repaired, and reinstalled. In 2006, the body was stripped, minor scratches and dents were repaired, and all panels were refinished in Graphite. Since this work was completed, the car has only been gently used, with the odometer showing just 17,563 kilometers (10,913 miles).

By Dan Mihalascu

Photo Credits: Darin Schnabel, Courtesy of RM Auctions

PHOTO GALLERY

Beige 2009 Mercedes SLR McLaren Roadster Is One Of A Kind, Thankfully

This 2009 Mercedes SLR McLaren Roadster features a bespoke factory special order paint job.

Kia Considers Turning The Picanto City Car Into An Affordable EV

Nothing is confirmed yet but Kia really wants to have a mini electric vehicle in its European range.

Lamborghini Sian’s Design Will Not Influence Next Aventador

The Lamborghini Aventador’s successor may have been pushed back until 2024.

Amazon Places Order For 100,000 Electric Delivery Vans From Rivian

The first Amazon-branded electric vans from Rivian will enter service in 2021 .

Tuscan Sun Rolls-Royce Cullinan Is Pure Wealth On Wheels

Aside from its Tuscan Sun exterior, this Rolls-Royce Cullinan features a dual-tone Dark Spice and Tan interior.

Genesis G70, BMW 7-Series And Others Awarded For Their Infotainment Systems

Kia and Hyundai took top honors in four out of a possible eight vehicle segments.

B&B-Tuned VW Beetle Convertible Has 380 PS, Hits 62 MPH In 5.2 Sec

It will cost you almost €10,000 to get B&B’s Stage 4 kit for the Beetle Cabrio 2.0 TSI.

Fiat Chrysler Planning To Test Vehicle-To-Grid Technology In Italy

FCA is joining forces with Terna for an innovative technology laboratory able to trial various electric mobility services.

France-Only Dacia Duster Black Collector Edition Goes On Sale Exclusively Online

The Duster Black Collector will be built in a limited run of 500 units solely for the French market and is priced at €19,490.

Toyota Boss Suggests Lexus Could Take To The Skies, Start Making Jets

Akio Toyoda has suggested Lexus could join Honda in the world of exclusive jets.