2022 Gooding Amelia Island Sale (BMW 507 Announced)

An unrestored black 1959 BMW 507 Series II is on sale in the Gooding Amelia Island 2022 classic car auction in Florida, USA.

Black 1959 BMW 507 Series II on sale in the Gooding Amelia Island 2022 classic car auction — © Gooding

Gooding Amelia Island 2022 Auction

1961 Ferrari 250 GT SWB California Spider Amelia Island Record (2016) © Gooding

Gooding & Company: Amelia Island Auction on March 4, 2022, at the Racquet Park, Omni Amelia Island Resort, Florida, USA.

2022 was the most successful Amelia Island auction ever for Gooding with $69,209,480 earned in sales and a 94% sales rate from 93 out of 99 lots sold. The average price per car was $744,188.

In 2021, Gooding held an online auction in place of the regular Amelia Island sale.

In 2020, Gooding earned $20,785,080 at the Amelia Island auction by selling 83 of 89 lots with a sell-through rate of 93%. The average price was $250,422.

In 2019, Gooding earned $22 million at Amelia Island selling 78 of 89 lots offered for a respectable sell-through rate of 88%.

In 2018, Gooding earned $35.5 million with a high 94% sell-through rate – 81 of 86 lots were sold. In 2017, Gooding gained $30.5 million with a sell-through rate of 78% with 69 of 88 lots offered sold. However, Gooding earned a record $60 million at Amelia Island in 2016, when the sell-through rate was 87%. The 2016 sale memorably included 14 Porsches from the Jerry Seinfeld Collection.

1959 BMW 507 Series II

The 1959 BMW 507 Series II, estimate: $2,000,000 – $2,400,000, on offer at the Gooding Amelia Island 2022 classic car auction, is an unrestored sports car that has been parked for decades in the garage of its original owner.

This late-production Series II model, of which a mere 218 examples were built, was originally finished in the rare and striking color scheme of Schwarz (Black) with red leather upholstery and factory-equipped with the optional hardtop. Of the 254 BMW 507s built in total, just 15 were originally painted black, while the vast majority were finished in either white or red.

Recently acquired by the consignor, this 507 is an incredible find, and remains unrestored, save for an older repaint, in largely original order, possessing a fantastic, charismatic patina. Considering its rare factory color scheme and six decades spent in the hands of its original owner, this 507 is a deserving candidate for either a concours-quality restoration, or a sympathetic mechanical decommissioning.

BMW 507 Prices at Public Auction

As one of the most iconic, beautiful, and desirable European sports cars of its era, and undoubtedly the most important postwar BMW sports car, the 507 continues to perform well at auctions. The model record is $5 million paid at Bonhams Goodwood Festival of Speed in 2018 for the 1957 BMW 507 Roadster owned by John Surtees. However, 507s with less illustrious provenance generally sell for within the estimate set by Gooding.

The BMW was less popular and more expensive than the Mercedes-Benz 300 SL and sold in far lower numbers. Auction prices are significantly higher and few are available for sale.

A 1954 Mercedes-Benz 300 SL Gullwing (Estimate: $1,100,000 – $1,300,000) with exceptional provenance (but no details released yet) will be on offer in the Gooding Amelia Island sale. Six 300 SLs have sold at public auction for over a million dollar in January 2022 at Kissimmee and Scottsdale auctions while only 3 BMW 507s were sold in total in 2021 and only one each in 2020 and 2019.