1957 BMW 507

Gooding & Company's latest online sale brings in $16.1M
Monday, 3 May - Friday, 7 May 2021
Sale Price
$2,250,000 - $2,750,000
Est. Range
7 May 2021
Sold Date
Lot Number
Older restoration
Gooding & Company
Auction House
Chassis no. 70073, Engine no. 40059, Silbergrau over white leather piped in blue with a blue top. 3168/150hp V-8, 4-speed, period radio, tools and spare.

Evaluation: Replacement engine with 11-bolt heads, stamped with the original engine number. One of just 254 BMW 507s built, and a later Series II version that boasted more interior space. Sold new in Italy but was in the U.S. by the 1970s. Then restored at the end of the 1990s. The restoration may be 20 years old, but it looks closer to 20 months old, at least in photos. The seats look barely sat in, and the white upholstery shows no discoloration. The engine bay and trunk are nearly spotless. It has clearly been used carefully, then stored carefully. It’s a gorgeous example of BMW’s most gorgeous car, and it’s eligible for great events like the Mille Miglia or Colorado Grand.

Bottom Line: People have always considered the 507 to be beautiful and it has always been rare, but it was a developmental dead end for a company that (smartly) abandoned high end sports cars in favor of the profitable Isetta, the 700, and eventually the small sports sedans that made BMW’s reputation. It wasn’t until recent years that 507s became top tier seven-figure classics. This one sold pre-restoration at Christie’s Lyndhurst auction in 1998 for $156,500, then for $288,850 at the 2000 Barrett-Jackson WestWorld auction to software magnate Frank Pritt. Few cars have appreciated seven-fold in two decades but this is one of them, as this $2.2M result is spot on for this car’s condition in today’s market.

by Andrew Newton
13 May 2021
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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.