A uncommon BMW basic automobile that hasn’t seen the sunshine of day for 43 years is ready to go to public sale later this 12 months, with consultants predicting it might fetch greater than $2million.
The highly-collectible 1957 507 Series II Roadster, one in every of simply 252 constructed, has been stored in a garage in Philadelphia since 1979, that means it hasn’t been used since Jimmy Carter was President and Margaret Thatcher turned the UK’s first feminine Prime Minister.
Having been wheeled out of its four-decade slumber, the German motor goes to be supplied to the best bidder at Bonhams’ Audrain Concours Auction in Newport, Rhode Island, on September 30 and is predicted to sell for between $1.8million and $2.2million (£1.5million and £1.8million).
Hidden treasure: This 1957 BMW 507 Series II Roadster has been stored in garage for over 40 years. In that point it has develop into one of the vital sought-after basic fashions from the German model, that means it might sell later this 12 months for over $2million
The public sale home says the 507 is without doubt one of the most fascinating fashions for automobile collectors world wide, because it ready to ramp up curiosity in the little-used car in the weeks earlier than it goes to the block.
BMW launched the V8-engined 507 in 1956 with the intention of manufacturing 1,000 items per 12 months for the US market. However, its excessive worth made it too costly for many – and the German producer made a loss on each it made.
In the late fifties, the roadster was so unique that possession was normally reserved for A-listers solely, with house owners starting from the King of Rock and Roll, Elvis Presley, to King Constantine II of Greece.
‘The 507 stays arguably probably the most collectible and coveted BMW up to now,’ says Bonhams.
The automobile is one in every of simply 252 constructed between 1956 and 1960. It will probably be obtainable on the Bonhams Audrain Concours Auction in Newport, Rhode Island, on September 30
The fifties Beemer has been stored in a garage in Philadelphia since 1979, that means it hasn’t been used since Jimmy Carter was President and Margaret Thatcher turned the UK’s first feminine Prime Minister
Images of the car present the place it has been saved for the final 4 many years, the place it has been stored alongside a plethora of previous bikes in the unit connected to the facet of a home
Bonhams says the 507 is without doubt one of the most fascinating fashions for automobile collectors world wide at this time, having been one of many unique motors of the fifties, owned by A-listers together with Elvis Presley
This matching numbers instance – chassis quantity 70059 – was delivered new to Caracas, Venezuela.
It later made its approach to Montreal, Canada, the place it was acquired by the late father of the seller in 1979, that means it has been stored in the identical household for over 4 many years.
Unusually for such a glamorous assertion automobile, this 507 was pushed straight into a modest garage in an unassuming a part of Philadelphia, the place it has been stored for 43 years with out turning a wheel – solely being began up on occasion.
Bonhams mentioned: ‘This treasure of a garage discover, which has been squirreled away for greater than 40 years, presents a spectacular alternative to the intense collector’
The pictures of the car being wheeled out of the garage for the primary time in 40 years reveals the bodywork has solely a gentle layer of mud
There’s loads of mud inside too, which you’d count on from a motor that hasn’t been used for over 4 many years
BMW 507 specification
Production: 1956-1960
Units: 252
Engine: 3.2-litre V8 petrol
Doors: 2
Seats: 2
Length: 4,380mm
Width: 1,650mm
Height: 1,257mm
Wheelbase: 2,480mm
Kerb weight: 1,330kg
Maximum energy: 150bhp @5000rpm
Maximum torque: 235 Nm @5000rpm
Acceleration (0-62mph): 11.1 seconds
Top velocity: 122mph
Drive: Rear-wheel drive
Transmission: 4-speed guide gearbox
The pictures present the car, which is coated solely in a gentle layer of mud, saved amongst a plethora of previous bikes in the unit connected to the facet of a home.
And it might seem that the automobile has been preserved alongside different examples for years, whereas costs have appreciated exponentially.
This motor is only one of a fleet of 507s stored by the household over the previous 50 years or so.
The matching numbers instance was delivered new to Caracas, Venezuela. It later made its approach to Montreal, Canada the place it was acquired by the late father of the seller in 1979, that means it has been stored in the identical household for over 4 many years
The present mileage of the automobile has not been disclosed by Bonhams, which confirmed will probably be bought with out reserve when the hammer drops
As you may see, the garage in which the collectible – and ultra-expensive – BMW was stored is not a part of a luxurious house
A largely initially automobile, it was the topic of a sometimes Nineteen Seventies makeover with a repaint in ‘Pontiac Bright Blue Metallic’ previous to the present possession.
Adding to its worth is the very fact it is without doubt one of the 252 items fitted with the sought-after Rudge wheels and optionally available onerous high when it left the manufacturing line some 65 years in the past.
Inside, the unique leather-based inside stays, although look to be properly worn, and the remainder of the cabin is current and proper – and seems in good working order.
As you may see from this picture, the leather-based seats are actually properly worn. However, the cabin seems to be in good working order, with the switchgear current and proper and panels all in tact
Adding to its worth is the very fact it is without doubt one of the 252 items fitted with the sought-after Rudge wheels and optionally available onerous high when it left the manufacturing line some 65 years in the past
The public sale home says it expects the successful bid to be in the area of $1.8million and $2.2million, with the automobile promoting with out reserve
The present mileage of the automobile has not been disclosed by Bonhams, which confirmed will probably be bought with out reserve when the hammer drops.
Commenting on the automobile’s availability in September, Eric Minoff, the public sale home’s senior motor vehicles specialist, mentioned: ‘This treasure of a garage discover, which has been squirreled away for greater than 40 years, presents a spectacular alternative to the intense collector – and it’s supplied at no reserve.
‘The new proprietor has the selection of sympathetically refurbishing or absolutely restoring this lately found gem.’
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