1957 BMW 503 Cabriolet

Sold for $583,000 against an estimate of $550,000 to $650,000 Only 13 of these cabriolets are believed to have come to the U.S. market, and this one is exemplary. It remained in the same family until 2013 (the first owner received it as a high school graduation gift) and the Scott Grundfor Company completed a […]

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1957 BMW 503 Cabriolet
One of only 13 examples of the 1957 BMW 503 Cabriolet that is believed to have been sold in the United States.
Five Captivating Cars from Bonhams' 2017 Quail Lodge Auction
Photo: Courtesy Bonhams.
Last year, the Scott Grundfor Company completed a top-notch $600,000-plus restoration on this 1957 BMW 503 Cabriolet.
Five Captivating Cars from Bonhams' 2017 Quail Lodge Auction
Photo: Courtesy Bonhams.
The 1957 BMW 503 Cabriolet's all-alloy V-8 engine.
Five Captivating Cars from Bonhams' 2017 Quail Lodge Auction
Photo: Courtesy Bonhams.

One of only 13 examples of the 1957 BMW 503 Cabriolet that is believed to have been sold in the United States.

Last year, the Scott Grundfor Company completed a top-notch $600,000-plus restoration on this 1957 BMW 503 Cabriolet.

The 1957 BMW 503 Cabriolet's all-alloy V-8 engine.

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The 1957 BMW 503 Cabriolet that sold for $583,000 at Bonhams' 2017 Quail Lodge Auction.The 1957 BMW 503 Cabriolet that sold for $583,000 at Bonhams' 2017 Quail Lodge Auction.

The 1957 BMW 503 Cabriolet that sold for $583,000 at Bonhams' 2017 Quail Lodge Auction.

Photo: Courtesy Bonhams.

One of only 13 examples of the 1957 BMW 503 Cabriolet that is believed to have been sold in the United States.One of only 13 examples of the 1957 BMW 503 Cabriolet that is believed to have been sold in the United States.

One of only 13 examples of the 1957 BMW 503 Cabriolet that is believed to have been sold in the United States.

Photo: Courtesy Bonhams.

Last year, the Scott Grundfor Company completed a top-notch $600,000-plus restoration on this 1957 BMW 503 Cabriolet.Last year, the Scott Grundfor Company completed a top-notch $600,000-plus restoration on this 1957 BMW 503 Cabriolet.

Last year, the Scott Grundfor Company completed a top-notch $600,000-plus restoration on this 1957 BMW 503 Cabriolet.

Photo: Courtesy Bonhams.

The 1957 BMW 503 Cabriolet's all-alloy V-8 engine.The 1957 BMW 503 Cabriolet's all-alloy V-8 engine.

The 1957 BMW 503 Cabriolet's all-alloy V-8 engine.

Photo: Courtesy Bonhams.

Sold for $583,000 against an estimate of $550,000 to $650,000

Only 13 of these cabriolets are believed to have come to the U.S. market, and this one is exemplary. It remained in the same family until 2013 (the first owner received it as a high school graduation gift) and the Scott Grundfor Company completed a top-notch $600,000-plus restoration last year.

Once the work was done, the consignor proudly paraded it in concours at Pebble Beach, Santa Fe, Amelia Island, and Pinehurst. It drove home with Best in Class and Best in Show-Elegance awards from Santa Fe, Best in Class from Amelia Island, and a Pinehurst Award from Pinehurst. The beautiful BMW still retains its original tool kit, jack, and owner’s manual. The car has also been repainted in period-correct charcoal grey metallic.

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