Super rare car hidden in barn for 40 years set to sell for huge sum
A rare BMW 507 that has spent nearly half a century sitting inside a garage has received a fresh breath of life.
The 1957 Series II Roadster will go under the gavel at the Bonhams Audrain Concours action on the 30th of September, expecting to sell for between $1.8-$2.2 million.
The 507 is widely considered the most collectible and coveted BMW to date. The German marque made only 252 examples of the flagship sports car throughout the late ‘50s.
The glamorous convertible’s exclusivity (and price tag) attracted only the most VIP customers. Notable owners include Elvis and King Constantine II.
This particular car was delivered new to Caracas, Venezuela. It was fitted with sought-after Rudge knock-off wheels and an optional hard top. As standard, the 507 was equipped with a V-8 engine and 4-speed ZF manual transmission.
The antique piece eventually made its way to Montreal, Canada, and was snapped up by the current owner’s late father in 1979. It was driven straight into a suburban garage in Philadelphia and has been sitting there for the past 43 years. According to the auction house, the two-door was actually part of a fleet of 507s kept by the family and was only started up very occasionally.
As for the condition, the BMW was treated to a makeover in the early ‘70s and repainted in Pontiac Bright Blue Metallic. Inside the original leather interior has what Bonhams calls a “lived-in” appearance.
You can check out the car below:
Images: Bonham