Rare BMW 507 could sell for $2.3 million at Bonhams auction - Business Insider

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This rare 1950s BMW cost $9,000 new and will auction for an estimated $2.3 million — tour the 507 Roadster

The 1950s were a golden era of gorgeous sports cars, giving rise to the Mercedes-Benz 300SL and the Jaguar XK120. In 1954, Max Hoffman — an Austrian-born and US-based car importer — convinced BMW to create a competitor to the 300SL. He projected a $5,000 target price for the car, or about $49,000 in today's money.By the time everything was said and done, the 507's sticker price was a whopping $9,000 — or $87,000 in today's money.

The BMW 507 Roadster is one of the rarest and most valuable BMWs ever made. This one is headed for auction later this month.There's a 3.2-liter V8 that produces a claimed 150 horsepower and a four-speed manual transmission.1959 BMW 507 Series II Roadster.Originally, it had a target price of $5,000, which is about $49,000 in today's money. The final sticker price wound up being $9,000, however.1959 BMW 507 Series II Roadster.1959 BMW 507 Series II Roadster.

 

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