Heroshot

1958 BMW 507

Series II
RM Sotheby's Monaco 2022
Saturday, 14 May
€2,030,000 ($2,113,230)
Sale Price
€2,100,000 - €2,500,000
Est. Range
Yes
Reserve
14 May 2022
Sold Date
158
Lot Number
#3-
Visually maintained, largely original
RM Sotheby's
Auction House
Chassis no. 70140; Engine no. 40152. Metallic Olive Green with black cloth top over red leather. 3168/150hp dual carburetors, 4-speed.silver painted wheels, hubcaps, Pirelli tires, hardtop and soft top, Becker radio, front disc brake conversion.

Evaluation: Series II car. Period conversion to front disc brakes. Shiny clearcoat repaint over frequently flawed preparation and a big blemish on the nose. Faded, worn, discolored, cracked original upholstery. Faded old carpets, Cleaned up but not restored underbody. A desirable car that deserves and should get better attention.

Bottom Line: BMW thought they’d figured out the formula to build boatloads of cars for the U.S. market: Build an attractively styled V-8 powered convertible. They got it right with the 507, except that with 150hp from its 3.2 litre V-8 it fell on its face in the mid-Fifties when Corvettes had 220hp in base form and over 300hp with fuel injection, the latter a combination that cost boatloads of dollars less than the 507. What they got right was Albrecht von Goertz’s sleek body and that has made BMW 507s not only an icon but also really expensive.

It is rare to see a 507 in such nasty condition as this, however, and the RM Monaco bidders were appropriately undeceived into thinking it was anything more than a restoration project. Its price is a tribute to the inherent appeal of the 507, with little regard for what it will cost to make it into the car it wants to be. It is expensive in this transaction.

by Rick Carey
9 June 2022
A story about
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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.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.