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Hidden For Four Decades BMW 507 Sells For $2.3 Million At Bonhams Audrain Concours Auction

Hidden For Four Decades BMW 507 Sells For $2.3 Million At Bonhams Audrain Concours Auction

Hidden For Four Many years – BMW 507 Sells For $2.3 Million At Bonhams Audrain Concours Auction

October 3, 2022 by Bonhams
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Hidden For Four Decades - BMW 507 Sells For $2.3 Million At Bonhams Audrain Concours AuctionA uncommon illustration of BMW’s glamorous Fifties flagship sportscar, a 1957 BMW 507 Sequence II Roadster, which experienced been hidden in a Philadelphia garage for far more than 4 many years, stole the limelight in the Bonhams Audrain Concours Auction on Friday (September 30), advertising for $2,315,000 and topping the prosperous sale, which was 88% bought.

1 of only 252 507s created, producing it one of the most collectible and coveted BMWs, this mainly original illustration had been made available from a one-family members ownership of 43 yrs, having been obtained by the vendor’s father in 1979. Unusually for this kind of a glamorous statement car or truck, the 507 was pushed straight into a modest garage, where it remained without the need of turning a wheel – only currently being commenced up from time to time.
Little marvel that this ‘garage find’ caused a stir in Newport’s International Tennis Hall of Fame exactly where Bonhams hosted the sale as the auction companion of the Audrain Newport Concours & Motor 7 days. The bidding opened at $1.1 million, climbing to north of $2 million, earning applause from the saleroom.

Eric Minoff, Senior Specialist, Bonhams US Collector Vehicles, who discovered and consigned the BMW, claimed: ‘This vehicle was a dream discovery. It is genuinely remarkable that these an critical sportscar could be concealed from see, in an unsuspecting drop, for much more than 40 many years. It was the epitome of the Million Dollar Barn Locate – truly a concealed treasure – and this 507 offers a fantastic possibility for its new owner.’
Hidden For Four Decades - BMW 507 Sells For $2.3 Million At Bonhams Audrain Concours Auction
Another big hitter at the sale was a 1958 Mercedes-Benz 300 SL Roadster, also a match for the 507 in their heyday, which was the 2nd most beneficial sale at Audrain, acquiring a different 7-figure sum of $1,077,500.

Other attractive collector cars and trucks which performed effectively at the 2nd version of the Audrain Concours Auction integrated a brace of effective, reduced-mileage Aston Martin V8s. A 1986 V8 Sporting activities Saloon considerably surpassed its pre-sale estimate, building $280,000, although its sibling, a 1989 V8 Vantage Volante, presented from one-relatives ownership from new, offered for $207,200, topping its estimate.

The auction introduced a boutique selection of 45 collector automobiles spanning much more than a century of automotive excellence. One of the earliest choices was a high-quality illustration from the pretty first sportscar model in the United states of america: Mercer. The 1920 Mercer Model 22-70 Series 5 ‘Raceabout’ Conversion, which was previously in the critical collections of Monthly bill Harrah and Al Ferrara, realised $268,600.

Further notable effects in Audrain involved:

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1994 Lamborghini Diablo VT, offered for $252,000. A perfectly-preserved, small mileage, example of the 200mph supercar which comfortably obtained its pre-sale estimate.
1977 Porsche 930 3. Turbo Carrera, manufactured $162,400, exceeding its leading estimate. A matching quantities, restored illustration of the attractive initial era 3. Turbo Carrera.

Rupert Banner, Bonhams Collector Cars International Head of Specialists, added: We have been delighted by the enthusiastic reception to this sale and sturdy bidding in the saleroom, with several ‘Newport sized’ bids and battles.
‘The prestigious Audrain Newport Concours & Motor Week has firmly recognized by itself as a must-go to date on the global collector auto calendar, thanks to Donald Osborne and his expert team. Our determination will lengthen with auctions by to 2025, although supporting their other gatherings including the Veteran Motor vehicle Tour in the Spring and the forthcoming Nashville Tour in November.’

The Bonhams Collector Cars and trucks workforce will now cross the Atlantic for the Zoute Sale on Sunday Oct 9 at a different environment-class collecting, the Zoute Grand Prix, in the Belgian resort of Knokke-Heist. The sale is headlined by a uncommon 1985 Ferrari 288 GTO, sent new to Walter Wolf, the previous Components 1 group operator. Bonhams : The Zoute Sale.