1956 BMW 503 Cabriolet / 69081 Chassis Information

1956 BMW 503 photograph

1956 BMW 503 photograph

1956 BMW 503 photograph

1956 BMW 503 photograph

1956 BMW 503 photograph

1956 BMW 5031956 BMW 5031956 BMW 5031956 BMW 5031956 BMW 503
Cabriolet
Chassis #: 69081
High bid of $260,000 at 2012 RM Auctions - Monterey. (did not sell)
Like several other auto manufacturers, BMW was in a tough financial situation in the post-War era, and was in need of a new model that would capture the public's attention. The 501 and its successor, the 502, were able to achieve this goal, however the prewar six-cylinder engine was outdated. A higher specification model was need. Along with the help of U.S. importer Max Hoffman, BMW management was persuaded to produce a luxury V-8 sports car for the top 10 percent that could be sold in sufficient quantity. The engineering aspects were handled by Fritz Fiedler while Albrecht von Goertz handled the styling. The result of their work was shown at the 1955 Frankfurt Motor Show.

This example, chassis number 69081, was delivered new to the United States for its first owner, Emanuel Weisfeld in Laurelton, New York. The 503s were often victims of overheating, and this example was no different. This car suffered a seized engine and the original 3.2-liter unit was replaced by one that had been part of a batch of smaller 2.5-liter BMW engines supplied to Talbot-Lago and subsequently acquired by Otto Zipper. A four-speed floor shift transmission from a 507 had also been installed.

The car was later purchased by Barry McMillan, of Hilltown, Pennsylvania, in May of 1976. In October of 1979, it was sold to Dick Hamilton, of Arvada, Colorado. The car remained in Hamilton's barn for the next two decades until being acquired by Don Dethlefsen in October of 1997.

In the early 2000s, Mr. Dethlefsen embarked on a thorough body-off restoration. The ladder frame and superstructure with aluminum body was completely disassembled. Over a year was spent treating the aluminum and steel body shell. The current engine is an original 3.2-liter 503 engine that was sourced from Germany, and currently has 14,000 miles from new. The radiator is purpose engineered and larger than the original but now fully capable of properly cooling the engine.

During the restoration, all other chassis and suspension components were rebuilt or replaced. Even the original Becker Mexico radio was fully rebuilt to factory specifications and functions as it did when new. A good number of NOS parts were sourced from Germany, including the engine rebuild parts, brake parts, and some of the smaller detail pieces, like interior knobs.

The car is finished in red and complemented by a tan cloth top and tan leather upholstery with red piping.

In 2012, the car was offered for sale at RM Auction's Monterey, CA sale. The car was estimated to sell for $325,000 - $425,000. Bidding reached $260,000 but was not enough to satisfy the vehicle's reserve. It would leave the auction unsold.


By Daniel Vaughan | Nov 2012


2012 RM Auctions - Monterey

Pre-Auction Estimates :
$325,000-$425,000 
High Bid (Lot was not sold)
$260,000

Recent Sales

(Data based on Model Year 1956 sales)
1956/57 BMW 503 3.2-Litre Coupé
Chassis#: 69084
Sold for $31,050
  2011 Bonhams - Power by BMW - BMW Powered Motor Cars, Motorcycles & Related Automobilia
 
1956 BMW 503 3.2-Litre Coupé
Chassis#: 69084
Sold for $41,554
  2011 Bonhams - Power by BMW
 

Vehicles That Failed To Sell

1956 BMW 503's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1956 BMW 503 Series I Cabriolet690812012 RM Auctions Monterey$260,000$325,000$425,000
1956 BMW 503 3.2-Litre Coupé69.0542010 Bonhams Les Grandes Marques a Monaco $135,000$175,000

Comparables

Similar sales to the $36,302 range.
1967 Ford Ranchero 2D
Sold for $36,300
2019 Collector Car Productions - The Manitoba No Reserve Collection
1968 FORD MUSTANG CONVERTIBLE
Chassis#:Chassis#:8R03C150450
Sold for $36,300
2019 Barrett-Jackson : Las Vegas
2009 PONTIAC G8 GXP
Chassis#:Chassis#:6G2EP57W29L320755
Sold for $36,300
2019 Barrett-Jackson : Las Vegas
1932 FORD HI-BOY CUSTOM ROADSTER
Chassis#:Chassis#:AZ290419
Sold for $36,300
2019 Barrett-Jackson : Las Vegas
1999 MAZDA MIATA CUSTOM CONVERTIBLE
Chassis#:Chassis#:JM1NB3535X0130824
Sold for $36,300
2019 Barrett-Jackson : Las Vegas
1966 CHEVROLET C10 CUSTOM DELUXE PICKUP
Chassis#:Chassis#:C1446Z102578
Sold for $36,300
2019 Barrett-Jackson : Las Vegas
2004 Porsche 911 (996) Turbo 3.6 Cabriolet with Hardtop
Chassis#:Chassis#:WP0ZZZ99245670133
Sold for $36,148
2019 Bonhams : MPH September Auction
1972 Buick GS Stage 1
Sold for $36,300
2019 Mecum : Louisville
1977 Ford Bronco
Sold for $36,300
2019 Mecum : Dallas
1968 Chevrolet Camaro Pro Touring
Sold for $36,300
2019 Mecum : Dallas
1996 Chevrolet Corvette Grand Sport Convertible
Sold for $36,300
2019 Mecum : Dallas
1957 Chevrolet Bel Air
Sold for $36,300
2019 Mecum : Dallas
1965 Ford Mustang Convertible
Sold for $36,300
2019 Mecum : Dallas
1969 Plymouth Road Runner
Sold for $36,300
2019 Mecum : Dallas
1969 Chevrolet Camaro RS/SS
Sold for $36,300
2019 Mecum : Dallas
1967 Buick Riviera GS
Sold for $36,300
2019 Mecum : Dallas
1959 Cadillac Series 60 Special Fleetwood
Sold for $36,300
2019 RM Auctions : Auburn Fall
1963 Chevrolet Corvette Sting Ray Convertible
Sold for $36,300
2019 RM Auctions : Auburn Fall
1984 Porsche 911 Carrera Convertible
Chassis#:Chassis#:WP0EB0919ES170316
Sold for $36,300
2019 Mecum : Monterey
2002 Dodge Viper RT/10 Roadster
Chassis#:1B3ER65E92V101550
Sold for $36,300
2019 Mecum : Monterey
1956 BMW 503 vehicle thumbnail image  1956 BMW 503 vehicle thumbnail image  

Vehicle Profiles

Chassis information for the BMW 5031957 Cabriolet
Coachbuilder: Bertone
Chassis Num: 69090
Engine Num: 30088
Chassis information for the BMW 5031957 Coupe
Chassis Num: 69116
Engine Num: 30101
Chassis information for the BMW 5031957 Cabriolet
Coachbuilder: Bertone
Chassis Num: 69146
Engine Num: 30152
Chassis information for the BMW 5031957 Coupe
Chassis Num: 69185
Engine Num: 30211
Chassis information for the BMW 5031958 Cabriolet
Chassis Num: 69283


Vehicle information, history, and specifications from concept to production.

Follow ConceptCarz on Facebook Conceptcarz Google+ Follow ConceptCarz on Twitter RSS News Feed

Conceptcarz.com
© 1998-2019 Conceptcarz.com Reproduction or reuse prohibited without written consent.