June 21, 2024

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Gooding and Company Consigns Svelte BMW to Pebble Beach Auction

Monterey Car Week is just around the bend — and as such, auction houses are starting to bring together the consignments that will drive this year’s big totals.

Gooding & Company is the official auction house of the Pebble Beach Concours d’Elegance, and each year, the company brings a select number of top-level consignments to auction just up the way from the Pebble concours green. 

One early consignment at this year’s Pebble Beach Auctions is a 1957 BMW 507 Series II, s/n 70089. The 507 has come on strong in the collector world over the past several decades, and this example is said to wear a spectacular concours restoration in original colors performed by BMW Classic. It’s one of just 252 built, and this particular one is coming to market after 40 years of ownership.

The 507 wasn’t a success for BMW — the cars, proposed by Max Hoffman for the U.S. market, were expensive to produce. Original asking prices for the two-seat BMW therefore rose above $10,000, which narrowed the car’s market considerably. Elvis Presley, John Derek and Hans Stuck were all 507 owners – but the car never came anywhere close to the popularity of the 300SL when it was new. Today, however, rarity and style win out: the 507 tends to sell for more than a comparable 300SL roadster, at least on average.

Other early consignments include a 1961 Jaguar E-Type Series I 3.8 roadster, a 1993 Porsche 964 Turbo 3.6, a 1924 Avions Voisin C4S Torpedo Tourisme, a 1956 Alfa Romeo Giuletta Sprint and a 1957 Chevrolet Corvette 283/283 convertible.

Gooding & Company’s Pebble Beach Auctions take place August 16 and 17 in Pebble Beach, CA. Learn more here.