507 Is One Of Few BMWs To Easily Pass The $1 Million Mark

Thanks to its illustrious history and commendable manufacturing skills, BMW has achieved a status that many other car makers can only dream of, but even so, few of its models exchange hands for top dollars.

Apart from the well-known BMW M1 that occasionally drips over the $1,000,000 mark, there are only a handful of Bimmers capable of emptying your bank account faster than you can blink. One of them is the 507, and the example pictured here is looking for a very wealthy owner.

Powered by a 145 hp, 3,168 cc OHV all-alloy V-8 engine with dual carburetors, the 507 was BMW’s halo model back in the day, simultaneously combining elegance and sportiness into a stunningly beautiful designed package. In fact, its Albrecht von Goertz-sketched sinuously design language, undoubtedly makes it a masterpiece of the motoring world.

Unfortunately, “the masterpiece” wasn’t so well received in its time – even though several notable personalities owned one (Elvis Presley had two) – which made BMW to build only 251 examples; a considerably small number over its 3-year lifespan, especially as the model was designed and constructed, in the first place, at U.S. car importer Max Hoffman’s request, who recognized America’s thirst for beautiful, two-seater roadsters.

Out of the total 251 units built, 217 were Series II variants, benefiting from increased engine displacement, performance, and a few extra creature comforts. Thanks to its incredible rarity, design, and overall philosophy, the 507 model has become a sought after machine, and that’s why this exquisite black example is evaluated by RM Sotheby’s between $2,300,000 and $2,600,000.

The car will hit the auction block at the Driven to Disruption event, in New York, but before considering buying it, you should know it went through a restoration in the late 80’s.