Unfortunately, costs spiraled out of control, and the car that was supposed to cost $5,000 sold in the end for a staggering $10,000. No wonder BMW could not sell more than 254 units of this extraordinary car, cherished by celebrities like racecar driver John Surtees and rock-and-roll icon Elvis Presley, who purchased two 507s.
The car was entirely handcrafted, which explains the crazy price tag, and was built with the finest mechanical components derived from the 502 and 503 series production BMWs. The original overhead valve 3.2-liter V8 aluminum-block engine, outfitted with twin carburetors, delivered 150 hp in a light and nimble package that allowed it to outperform many sports cars of the time. But it was the roadster design signed by Count Albrecht von Goertz that got the 507 to such iconic fame almost immediately after its release.
Being so rare, the BMW 507 is a highly sought-after classic car, but most of the time it's impossible to find one. That’s why we consider ourselves lucky to come across this 1958 BMW 507 Series II in pristine condition. The car looks and drives like new, as it was the subject to an extensive restoration at BMW Classic carried out between 2006-2008. The car later was inspected and certified by BMW Classic in 2014 when it gained its “Black Book” certificate.
Whoever grabs this ultra-rare 507 will find this has a factory-replaced 140 series engine with eleven-bolt cylinder head castings in place of the original ten-bolt engine design of earlier iterations that was prone to heat failure. The engine starts and runs smoothly according to the Hemmings listing, and the video below shows this 507 is a wonderful car to drive.
Among the people who enjoyed this beautiful car throughout the time, we count Gustavo Zingg, a German businessman who also served as the official representative for Mercedes-Benz in Venezuela, and Ludwig Hahn, who passed the car on to Nicholas Hahn. In 2005, this 507 was offered for sale by Erich Benz and subsequently purchased by Jan Onne, followed by Phil White in 2016. Now it can be yours provided you find the needed $2,5 million stashed in one of your coffers. It’s not much, considering how exclusive this car model is.