Sold for $2,420,000 at 2014 RM Auctions. The BMW 328 would set a standard and would help to make Bayerische Motoren Werke AG, or BMW, a mark to have all throughout Europe. The success would also carry knowledge of the automaker across most of the world. The 507 series would be conceived with the same purpose—to bring BMW to greater notoriety in the United States.
For every Enzo Ferrari, there needs to be a Luigi Chinetti that can help to make the most of any opportunity. Austrian-born Max Hoffman would be that individual for BMW. Though not to be confused with the fine German military strategist Max Hoffmann that would die in 1927, Max Hoffman of Austria would be something of a strategist in his own right.
Hoffman was an importer of foreign automobiles in the United States. He would have a desire to see BMW to offer a roadster that could be marketable to the affluent in America. The notion of the project was a striking roadster that was cheaper than the Mercedes-Benz 300SL. Using looks and a cheaper price tag, Hoffman could bring BMW to prominence within the American market much the same way Chinetti would help Ferrari conceive of their now famous California.
BMW would recognize Hoffman's point and would build exactly what he was looking for. The 507 would be simple, elegant, but also very aggressive in its lines. Utilizing a 3.2-liter V8 engine producing around 145bhp, the car would also have the power to make those defined elegant lines appear even more feral. But just such a car could not become common. And it would not with just 251 examples being built over about two-and-a-half years.
Influenced by Al Mitchell, an airline pilot with his own 507, Malcolm S. Pray, Jr. would be so moved by the 507 that he just needed to own one. This would set Mr. Pray on a quest to find an example for himself.
Alan Friedland was a racing enthusiast who would take part in a number of SCCA events. Friedland would take part in these events with a number of different types of automobiles. For a period of time he would race a McKee-Ford, and then an Elva Mk VIII. However, one of the other cars in which he would take part in events with would be a 1957 BMW 507 Series II Roadster, chassis number 70156. Friedland's 507 would be a particularly special edition of the 507 Roadster as it would not only leave the factory with a Becker radio, but it would also have the highly-desirable Rudge wheels and a removable hardtop. This was certainly the 507 Roadster was Pray was looking for. He just needed to find it.
Friedland would use the car in all kinds of events, even hillclimbs, all throughout the early 1960s. Pray would utilize the help of Al Mitchell to help find the ideal 507 for his fellow Greenwich resident. In the early 1970s, Mitchell would come across Friedland's 507 in Pennsylvania. That was it. Mr. Pray would move in.
In August of 1972, Pray would have his coveted 507 Roadster. About the only thing Pray's new 507 would be missing would be its original engine. Otherwise, it was just perfect to Pray. Mr. Pray would so fall in love with the roadster that it would never leave his ownership until his death in August of 2013. Pray's affection for the roadster meant the car would not be neglected throughout its lifetime. In the '80s, the car would receive some updates to the interior, which included red Connolly leather and Wilton wool carpeting. Beyond this, the car would receive a number of new panels and the wood would be either repaired or replaced. Even greater work would be conducted by Pray's own shop in 1997. Even after all of the work, the car would not be prepared for sale. Instead, it would head home to remain a part of Pray's personal collection.
Even after more than 30 years with Pray, the 507 would continue to receive attention. In 2006, the car's body would be stripped of its finish and all dents would be repaired. Some time later, the car's original engine was offered to Pray. He would jump at the opportunity and would immediately have the engine rebuilt, tuned and refitted to its original chassis. After more than 30 years, the car was now whole, and though the long shadows were building in his own life, Mr. Pray would have more than a few years of enjoying riding off into the sunset.
Offered at the RM Auctions Amelia Island event in 2014, the 1958 BMW 507 Series II Roadster would garner pre-auction estimates ranging from between $1,400,000 and $1,800,000.
Sources: 'Lot No. 152: 1958 BMW 507 Series II Roadster', (http://www.rmauctions.com/lots/lot.cfm?lot_id=1064952). RM Auctions. http://www.rmauctions.com/lots/lot.cfm?lot_id=1064952. Retrieved 6 February 2014.
'1957 BMW 507 News, Pictures, Specifications and Information', (http://www.conceptcarz.com/vehicle/z2542/BMW-507.aspx). Conceptcarz.com: From Concept to Production. http://www.conceptcarz.com/vehicle/z2542/BMW-507.aspx. Retrieved 6 February 2014.
'Articles: The Legendary Roadster', (http://web.archive.org/web/20100103093806/http://www.bmwccn.no/eng/chapter2/articles/roadster2.htm). BMW CCN. http://web.archive.org/web/20100103093806/http://www.bmwccn.no/eng/chapter2/articles/roadster2.htm. Retrieved 6 February 2014. By Jeremy McMullen
There were 253 of these cars built and of that total, 25 were Series 1 Roadsters. This Series 1 was restored by the owner, something rarely accomplished these days. Since then, it has been driven 5,000 miles! The 507 you see here, has raced in the [Read More...]
Sold for $1,002,500 at 2011 Bonhams. The BMW 507 was built with the United States market in mind. It was styled by a New York-domiciled German ex-patriot and built in Germany. The 507 was a reflection of North American taste yet held true to its European origin. [Read More...] By Daniel Vaughan | Nov 2011
The BMW 507 was conceived by U.S. automobile importer Max Hoffman who in 1954 persuaded BMW to produce a roadster for the American market. The 507 was Germany's answer to the Ferrari 250 GT California Spyder and was built on a shortened chassis frame [Read More...]
Prior to World War II, BMW operated in Bayerische, Germany, and produced mostly motorcycles. The was forced their relocation to Munich, and by 1950, their first postwar car debuted at the Frankauto show in Frankfurt. This was the 501, sporting a 2.0 liter six-cylinder engine. By 1954, its stablemate arrived, the 502, with a 2.6-liter V8 producing 100 horsepower.
In 1955, BMW added new models, the 503 and the spectacular 507. A car which 'looks like its doing 100, sitting still.' The 507 was BMW's first sports car offering since the 328. Styled by Albrecht Goertz, the 507 offered a sleek, svelte, beautiful two-seater to a lucky few. Only 253 were produced between 1956 and 1959. The 150 horsepower V8 used dual Zenith carburetors, wore aluminum cylinder heads, had dual exhaust and a four-speed gearbox. A 507 sprints to 60 mph in nine seconds and tops out over 120 mph.
New, a 507 cost $10,000, and reportedly BMW lost $1,000 for each car sold. Thankfully, the accountants weren't in charge at BMW.
BMW introduced the high performance V8 '507' at the Frankfurt Auto show in 1955, a svelte and beautiful two-seater roadster styled by Count Albrecht Goertz. Only 253 were produced between 1956 and 1959.
The twin carburetor V8 engine produced 150 horsepower and a maximum speed of 124 MPH. It had drum brakes all around, with optional front disc, hidden by distinctive and attractive pressed steel wheels.
It had dual Zenith downdraft carburetors, a dual exhaust system and aluminum heads. There were a great deal of aluminum used in the engine, with the crankcase, manifolds, valve covers, side plates, sump, water pump and other castings all being made of the lightweight alloy.
The 507's strongest appeal was its beauty. No other car had such animal grace and more justified the old expression 'it looks like its going a hundred when it's standing still.'
Sold for $1,038,434 (€728,000) at 2011 RM Auctions. Launched in 1955, the 507 entered production in 1956 as a 1957 model. It embodied the highest standards in performance, construction and design. Envisioned by Max Hoffman with a stunning design by Count Albrecht Graf von Goertz, it was powered by a 3 [Read More...]
BMW presented the first 507 roadster, designed by Raymond Loewy and Albrecht Graft Goertz, at the Frankfurt Motor Show in 1955. This new sports car was based on the 3.2-liter saloon, but with power increased to 150 horsepower and a top speed of 127 m [Read More...]
This BMW 507 is a first-series example that was produced in July of 1957. It left the factory finished in Papyros (an off-white color), with a red leather interior, whitewall tires, a hardtop, and a Becker Mexico radio with an automatic transmission. [Read More...] By Daniel Vaughan | Oct 2016
The BMW 507 was produced from 1956 through 1959 with only 254 examples being produced. The styling was inspired by Max Hoffmann, America's largest import car dealer, and designed by Albrecht von Goertz. Goertz was born in Germany and later migrated to America as Graf Albrecht von Goertz. His portfolio included marques such as Studebaker and Datsun. He was also responsible for designing the BMW 503.
The 507 was a combination of power, exquisite styling, and a lightweight body. The exterior was constructed of light-weight alloy and attached to a metal frame and pressed-steel wheels. Under the hood was a 90-degree eight-cylinder engine that produced 150 horsepower. Top speed was achieved at 125 mph.
The official debut was at the 1955 Frankfurt Motor Show where it was the star. The car was shown in incomplete form with objects being place in the engine bay to fill the void of the engine that was still under construction. A working prototype was shown in September at the Paris Show. Customers took delivery the following year in November. One of the more famous customers was Elvis Presley. There were two production runs of the 507, the Series 1 and Series 2. The Series 2 were very similar to the first Series, but include minor updates such as a modified dashboard and revised bulkhead to accommodate extra luggage. With 210 Series 2 cars, they were produced in greater numbers than the 42 created Series 1. A heavy price tag was responsible for theses low production numbers. The cost to produce these was steep, so their price tag followed in similar fashion.
What had set out to be a lightweight, inexpensive, sports car with an estimated 200+ horsepower actually evolved into a heavy, money-pit, that had a poor power-to-weight ratio. The tools to produce the vehicle were expensive resulting in slow sales and BMW inching towards bankruptcy. BMW added performance options such as disc brakes and a five-speed transaxle but this did little to encourage customers.
The two-seater 507 sports cars based on the 503 were built to exceptional quality and engineering but unfortunately not well enough. In modern times, these are highly sought after cars because of their low production figures and the history of the marque. By Daniel Vaughan | Aug 2006
In the 1930s BMW was famous for their top sports cars, but WWII put the marque so behind that they couldn't return to auto production until 1951. The sensational 507 was monumental in proving that BMW could produce durable, fast, superbly engineered road vehicles.
Introduced at the Waldorf-Astoria Hotel in New York in 1955, the pricy BMW 507 roadster was created with the intent of improving BMW's sporting image. BMW had high hopes for the classy 507, but unfortunately the snappy little roadster was unable to live up to these aspirations. The goal was to export the 507 to the U.S. at a rate of several hundred per year, but the vehicles were too expensive for postwar Germany, and too eccentric for American auto tastes and at a time when most Americans hadn't ever heard of BMW. BMW didn't have the tooling to produce the 507 in the desired numbers by him, and it took longer than expected to get the car to America.
Max Hoffman was a shrewd U.S. automobile importer who sweet-talked BMW management in 1954 into producing a roadster variant of the BMW 501 and BMW 502 saloons to fill the void between the pricy Mercedes-Benz 300SL and the inexpensive and underpowered MG and Triumph sports vehicles. Hoffman convinced BMW that he had plenty of wealthy American customers that wanted a sleek BMW sports car, which he would display at his lux NYC dealership. BMW was competing with rival Mercedes-Benz's 300SL model and needed both an image boost and extra cash flow, so they agreed to build the car. Hoffman had all of the right connections in the U.S. and owned distribution rights on the East Coast for the high-pedigree European auto and also sold them.
Hoffman was unimpressed by any early designs by Ernst Loof and BMW contracted German-American industrial designer Count Albrecht von Goertz to design the BMW sport models with the 502's big chassis and running gear. In November of 1954 Goertz designed the 503 coupe and convertible with the 502's chassis and pushrod aluminum V8 engine. Though he was pleased with the 503 and the boost it gave to BMW, Hoffman wanted a much more dramatic car, one that would be sensationally eye-catching on American streets. Hoffman persuaded Goertz to take even more creative liberty, and the result was the 507 two-seater. Goertz stressed simplicity in the design of the 507 and was intricately involved in every part of the design from the grille to the cockpit.
Fritz Fiedler was BMW's chief engineer who was assigned the task of designing the mechanical package by utilizing existing components wherever able. Hoffman made sure that the 507 had a new 3.2-liter V8 engine during a time when few European cars had a V8 due to stiff engine-size taxes. Even the famous 300SL only had a 6-cylinder engine, but Hoffman knew that the only engine he wanted was a V8 for his American baby.
After it's introduction, production of the BMW 507 began in November of 1956. Hoffman had high hopes of selling the 507 around a price of $5,000, but high production costs made that impossibility. The BMW 507 was closer to an initial price of $9,000, before rising to $10,500, but the model helped to establish BMW as a forward-thinking manufacturer that has continued to this day. Hoffman had hoped to sell around 5,000 units a year, but despite celebrity buyers that included Georg 'Schorsch' Meier and Hans Stuck, the 507 never reached more than 10% of the sales volume that rival Mercedes-Benz 300SL achieved. For 1959 BMW lost around DM 15 million with the company losing money of every single 507 model built.
The 507 sported a pointed nose with BMW's trademark twin grilles. Much like the then-new Ford Thunderbird two-seater, the 507 offered a removable steel top to go with its convertible top. A number of models were sold with an optional hand-fabricated removable hardtop that was unique to the car it was made for and only fit on that specific vehicle. Eventually the styling of the 507 inspired the Z3 and Z4, and especially the Z8. The 507 was built on the same frame as the 503, which was shorted from 111.6 inches to 98 inches. The 507 had an overall length of 190.4 inches and an overall height of 49.5 inches and weighed 2,900 lbs. The body was constructed almost entirely from hand-formed aluminum and no two models were ever exactly alike. Fully equipped and nicely detailed, the largely hand-built 507 cost about the price of two Cadillac's when it finally arrived at Hoffman's prestigious dealership.
The 507's front suspension was parallel double wishbones with torsion bar springs and anti-roll bar. Located by a Panhard rod and a central, transverse A-arm that controlled acceleration and braking forces, the rear suspension featured a live axle, also sprung by torsion bars. The brakes used were Alfin drum brakes 11.2 inches in diameter with optional power brakes. 507 models produced later in the production run sported front Girling disc brakes. The 507 safely could cruise Germany's unlimited speed highways at more than 100 mph thanks to hefty drum, and later disc brakes. When compared with other 1950's convertibles of the time, the 507 was equipped with sharp handling and exceptional rigidity due to precise rack-and-pinion steering, torsion bar front suspension, nicely engineered rear suspension and a high tech tubular chassis.
Powering the 507 was the aluminum alloy BMW OHV V8 engine of 193.3 cubic inch displacement that featured pushrod-operated overhead valves. It featured two Solex Zenith 32NDIX two-barrel carburetors, a chain-driven oil pump and compression ratio of 7.8:1 that produced 150 hp at 5,000 rpm and was joined to a close ratio four-speed manual transmission. Standard was a rear-end ratio of 3.70:1, but optional were ratios of 3.42:1 and 3.90:1. The BMW 507 could hit 0-60 mph in just 7 to 8.8 seconds, depending on gearing and had a top speed range of 128-138 mph.
A stellar example of a highly desirable limited-production German sports car, only 253 507's were built during the models four-year production run. In 1959 production was terminated. The launch of cheaper, newer models like the BMW 700 and the 'New Class' 1500 helped BMW recover as a company. A total of 202 BMW 507's are thought to have survived today.
The landmark model has been owned by numerous famous people including the iconic Elvis Presley who leased a white 507 in 1959 for $3,500 while stationed with the Army in Germany. Elvis would often fight lipstick stains all over his 507. In 1963 he gifted the car to the actress 'Bond Girl' Ursula Andress. John Surtees was another famous owner who received a 507 by Count Agusta after winning the 1956 500cc World Motorcycle Championship on a MV Agusta. Surtees still owns his 507 and worked with Dunlop to add disc brakes for the front wheels, before eventually adding disc brakes on all four wheels. In October 2007 Bernie Ecclestone's 507 sold for $904,000 at a London auction.
The 507 made its big screen debut in the 1964 film Fantômas.
Sources: http://en.wikipedia.org/wiki/BMW_507 http://www.danjedlicka.com/classic_cars/bmw_507.html By Jessica Donaldson
Max Girardo confirmed as Master of Ceremonies alongside Chief Judge and five-times Le Mans Winner Derek Bell MBE
Three exciting new entries confirmed including multi award-winning Maserati A6 GCS Be...
A rare Aston Martin Works team car – chassis number DB3S5 – which was campaigned in period by such legendary racing drivers as Sir Stirling Moss, Peter Collins and Roy Salvadori, and latterly went on...