- Auctions
- Race Retro Classic & Competition Car Sale 2019
- 1956 BMW 502 V8
1956 BMW 502 V8
Lot Number: 321
1956 BMW 502 V8
1 of 12 right-hand drive cars produced and Goodwood eligible.
- NOT SOLD
LIVE AUCTION: This lot was auctioned on Saturday 23rd February, 2019 at 1.30pm GMT at Stoneleigh Park, Stoneleigh Rd, Coventry, CV8 2LG
-
DRIVE
RHD -
REG NUMBER
888JMT
SUMMARY
1 of 12 right-hand drive cars produced and Goodwood eligible.
DESCRIPTION
'888 JMT' is one of just 12 right-hand drive examples of this elegant post-war saloon
Good history. The original buff log book shows AFN as the first registered keeper
Now has a competition focus, raced at Goodwood by well-known drivers such as Marc Surer and Alan Jones
Access to the glamour of Goodwood, whilst remaining a rare and stylish road car with lots of provenance
The BMW 502 was a luxury saloon built by BMW from 1954 until 1958, and in terms of character and style, is often regarded as the ancestor of the current 7-Series. BMW's first post-war car, the 501, was aa somewhat underpowered and uncompetitive 6-cylinder limousine and the company's response, launched at the 1954 Geneva Motor Show, was the 502, an altogether livelier machine with its V8 engine, and subtle styling changes. There were four variants offered with the 3.2-litre Super at the top of the range. The 502 was Germany's first post-war car with a V8, but its high price of 17,450DM resulted in low sales figures, with only 190 units being sold in its first year of production, and total production of the 3.2-litre V8 variant standing at 3,865.
Very few 502s were manufactured in right-hand drive, and "888 JMT' is seemingly one of just twelve cars produced in this format. Our vendor purchased this rare car directly from BMW dealer Richard Cound many years ago as a road car but, during his ownership, the car has been given a competition focus. A regular in the St. Mary's Trophy at the Goodwood Revival meeting over the years, it has been driven by many famous racing drivers including Marc Surer and Alan Jones, 1980 F1 World Champion. As is sometimes the case when racing hard around the fast flowing corners of Goodwood the original engine had a bit of a bad day and the power unit currently in the car is a period correct, 2.6 V8 that's fresh from a rebuild, having only covered 250 miles since. Included with the car are the original block and remanufactured engine parts including pistons, liners, valves, etc, so the original engine could be re-commissioned and returned to the car ensuring originality. Our vendor runs a highly respected BMW racing team and has also run and looked after the car whilst in competition trim, so understands this classic BMW well.
Before enjoying the sights and sounds of Goodwood, we understand this 1956 BMW 502 may well have been the original Earls Court Motorshow car which, given how the original buff logbook (which accompanies the car) shows AFN Ltd as the first keeper, could well have been the case. Accompanying that original log book are a variety of older MoTs and a letter from a previous owner in 1975 going through various details such as parts included and registration documents. This rare and special car offers unique access to the glamour of Goodwood, whilst remaining a rare and stylish road car with a certain Teutonic cachet.
SPECIFICATION
- Lot Number
- 321
- Make
- BMW
- Model
- 502 V8
- Registration Number
- 888JMT
- Chassis Number
- 61-595
- Transmission
- manual
GALLERY
CONSIGNOR
Harry Whale
- Car Specialist
- 07919 887374
- harry@iconicauctioneers.com
For further information regarding this lot please contact Harry.
CONTACTMotor vehicles
Vehicles can be collected from The Wing on Monday 2nd August between 9am and 3pm.
Our transport partners, EM Rogers, can assist with collection and delivery. Please contact them on
01604 755511 or trafficdesk@emrogers.co.uk for a quote.
Any cars not collected by 3pm on Monday 2nd August will be taken to our EM Rogers storage facility in
Northampton for a fee of £150 plus VAT. Storage will be charged at £10 plus VAT per day from Monday 2nd August onwards.
Motorcycles
Our motorcycle transport partners, Moving Motorcycles, can assist with collection and delivery.
Please contact them on 01933 448555 or info@movingmotorcycles.co.uk for a quote.
Any motorcycles not collected by 3pm on Monday 2nd August will be taken to our transport partners facility in Northamptonshire for a
fee of £110 plus VAT, including 3 days storage. Storage will be charged at £5 plus VAT per day thereafter.
Automobilia
Automobilia can be collected from The Wing over the weekend or Monday morning between 9am
and midday by prior appointment. After this time it can be collected from our offices in
Warwickshire or shipped to you at your expense.
Did you know that you may be able to finance your upcoming auction purchase? Our exclusive finance partner Apollo Capital are able to organise fast pre-approval for car funding on the latest interest rates and terms, minimum £50k lend.
An agreement in principle could see you arrange a finance package so the funds are ready to be paid out when you’ve bought your dream auction purchase. Please speak to their experts for a quote on 01423 590242 or visit apollocapitalgroup.co.uk/iconicauctioneers/.
A classic car or motorcycle is a source of great pride and enjoyment but, whether your car or motorcycle is in storage or on the road, you’ll need a specialist insurance policy. We have partnered with Howden Insurance a leading insurance brokers with a team dedicated to classic cars and motorcycles. They cover a vast array of classic and vintage models and only work with insurers who provide a great service and share our passion for the classic motor industry.
For a personal classic car or classic motorcycle quote, visit:
www.howdeninsurance.co.uk/iconic-auctioneers