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BMW History

1957 BMW 503

Chassis number : 69090

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Sold for $583,000 at 2017 Bonhams : Quail Lodge.
At the end of 1955, BMW introduced a new 3.2-liter version of its original V8 engine for its big saloon, the BMW 502. Encouraged by BMW's North American importer Max Hoffman, BMW approached Count Albrecht von Goertz to design two new cars although he had never before styled an entire car, and the all-new BMW 503 Coupe and Cabriolet prototypes debuted at the 1955 Frankfurt Auto Show. For the production cars, Carrozzeria Bertone was appointed to build the aluminum cabriolets, which were the first German car with an electrically operated top and windows. These cabriolets attracted a new group of wealthy clientele, but they were expensive and only 129 Cabriolets were sold between 1956 and 1960.

The 3.2-liter aluminum V-8 engine produces 140 horsepower and can propel the 503 to top speed of 118 mph.

This example is one of only 13 Cabriolets imported to the U.S. by BMW. It was completed on December 20th of 1956 and delivered to Hoffman Motors in New York on January 14th of 1957. It left the factory painted in Japanrot (Japan Red) with a tan interior, and optioned with a Becker Mexico radio and automatic antenna.

It has been a single family California car from new having been purchased as a high school graduation present for Geoffrey Mavis by his father. The current owner purchased the vehicle in 2013 from Mr. Mavis' son Damien.

A three year 'body-off' 100 point restoration was completed in August 2016. The 503 is finished in charcoal gray metallic with tan leather and contrasting stone gray piping. The car is fitted with Rudge knockoff wheels. Over $600,000 was spent on the restoration.

The car was shown at the 2016 Pebble Beach Concours d'Elegance. It appeared at the Santa Fe Concorso, where it won Best in Class and Best of Show-Elegance awards. It has since appeared at the Amelia Island Concours d'Elegance, where it was awarded Best in Class in the BMW 501-507 section. It was awarded a Pinehurst Award from the Pinehurst Concours d'Elegance.

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2017 Bonhams : Quail Lodge

Pre-Auction Estimates :
USD $550,000-USD $750,000 
Sale Price :
USD $583,000

1957 BMW 503 Auction Sales

Recent Sales of the BMW 503

(Data based on Model Year 1957 sales)
1957 BMW 503
Chassis#: 69141
Sold for USD$297,419
  2020 Bonhams : Goodwood Speedweek
 
1957 BMW 503 Coupe
Chassis#: 69185
Sold for USD$137,500
  2019 RM Sothebys : Fort Lauderdale
1957 BMW 503 image  1957 BMW 503 image  
1957 BMW 503 Cabriolet
Chassis#: 69090
Sold for USD$583,000
  2017 Bonhams : Quail Lodge
1957 BMW 503 image  1957 BMW 503 image  
1957 BMW 503 Coupe
Chassis#: 69.181
Sold for USD$160,574
  2017 Coys at Olympia
 
1957 BMW 503 CABRIOLET
Chassis#: 69146
Sold for USD$330,000
  2014 Bonhams Quail Lodge Auction
1957 BMW 503 image  1957 BMW 503 image  
1957 BMW 503 Coupe
Chassis#: 69185
Sold for USD$220,000
  2014 Gooding & Company - Amelia Island Sale
1957 BMW 503 image  1957 BMW 503 image  
1957 BMW 503 Series II Coupe
Chassis#: 69116
Sold for USD$165,000
  2012 Gooding and Company - The Scottsdale Auction
1957 BMW 503 image  1957 BMW 503 image  
1957 BMW 503 Cabriolet
Chassis#: 69146
Sold for USD$231,000
  2009 Pebble Beach Auction : Gooding & Company
1957 BMW 503 image  1957 BMW 503 image  
1957 BMW 503 Convertible
Chassis#: 69146
Sold for USD$165,000
  2007 Vintage Motor Cars in Arizona
1957 BMW 503 image  1957 BMW 503 image  
1957 BMW 503 Convertible Coupe
Chassis#: 69146
Sold for USD$165,000
  2004 The Monterey Sports and Classic Car Auction
1957 BMW 503 image  1957 BMW 503 image  

BMW 503s That Failed To Sell At Auction

1957 BMW 503's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1957 BMW 503 Cabriolet by Bertone691462013 RM Auctions VILLA ERBA$240,000  

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1957 BMW 503 Profiles

1957 BMW 503 vehicle information
Cabriolet
Coachwork: Bertone
Chassis #: 69146
Engine #: 30152
1957 BMW 503 vehicle information
Coupe
Chassis #: 69116
Engine #: 30101
1957 BMW 503 vehicle information
Coupe
Chassis #: 69185
Engine #: 30211
1957 BMW 503 vehicle information
Cabriolet
Coachwork: Bertone
Chassis #: 69090
Engine #: 30088
1957 BMW 503 vehicle information
Coupe
Chassis #: 69084
1957 BMW 503 vehicle information
Coupe
Designer: Albrecht Graf Goertz