The BMW 507 roadster, introduced at the 1955 Frankfurt Auto Show, is recognized as one of the most beautiful models that BMW ever produced. Only 252 hand-built 507s were produced, and despite their curb appeal, they were money losers that nearly sank BMW as a company. A 1957 BMW 507, discovered in a Philadelphia garage, sold last month at the Bonhams Audrain Concours Auction in Newport, R.I. for $2.1 million. Read the backstory on this historic BMW.
Monterey Car Week 2022, including the Pebble Beach Concours d’ Elegance®, is just days away, and our regional sales managers have made their annual “Cars to Watch” selections, covering a broad range of classic vehicles. Their picks include a 1995 Ferrari F50 (pre-sale estimate of $4.5 – $5.5 Million); a 2010 Porsche 911 GT3 RS 3.8 ($250K – $300K); and even a 1962 Volkswagen Type 2 Deluxe Microbus ($140K – $180K). Perhaps some of your favorites are among their picks.
Met Dave Magers: CEO of Mecum Auctions. Dave has served as chief executive officer of Mecum Auctions since 2013. Having always been a “car guy,” Dave brings a wealth of valuable knowledge and experience into the Mecum mix with more than 40 years of experience in the business and financial sector.
The exciting effect of being surrounded by amazing cars and competitive bidders might have lead to Monterey sales taking in $343 Million.
including the legendary Pebble Beach Concours d’Elegance – remained “on hold” during 2020, the participation in online auctions has skyrocketed, and that trend is unlikely to lose momentum soon, according to Premier Financial Services, the nation’s leading provider of lease financing for exotic, vintage and collector cars.
This summer, RM Sotheby’s, Bonham’s, and Gooding & Company hosted online auctions in place of their usually scheduled Monterey events. Topping the list of cars sold at these auctions are a 2001 Ferrari V12 berlinetta that sold for $4.29 million at RM and a 1966 Ferrari 275 GTB “long nose,” which sold for $3.08m at Gooding & Co.