1959 BMW 700 Coupe

Lot Number: 404

1959 BMW 700 Coupe

Well prepared, diminutive little BMW racer, the hero of many David and Goliath battles around Goodwood.

  • Sold for: £27,000

LIVE AUCTION: This lot was auctioned on Sunday 28th March, 2021 at 10.00am GMT at Stoneleigh Park, Stoneleigh Rd, Coventry, CV8 2LG

SUMMARY

Well prepared, diminutive little BMW racer, the hero of many David and Goliath battles around Goodwood.

DESCRIPTION

  • Introduced at the 1959 Frankfurt Motor Show, the BMW 700 replaced the 600 and was to prove BMW’s financial saviour
  • In RS form the 700 performed well in motorsport, with Hans Stuck winning the 1960 German Hill Climb Championship
  • Prepared by marque experts Laranca Engineering, this example produces around 110bhp from its 950cc, twin cylinder engine
  • Raced three times at Goodwood St Mary’s Trophy with vendor and Jackie Oliver
  • 2012 qualified 5th, 2016 qualified 6th and finished 6th, 2017 qualified 4th and finished 7th overall in the St Mary’s Trophy
  • Built to HRDC 2011 Regulations and welcome at their events
  • Extremely rare and interesting, remarkable value for money when you consider it’s a potential St Mary’s Trophy entrant

In the late 1950s, BMW commissioned a new car based on the 600 with an increased chassis length and this led to the development of the 700 available as a two-door Coupe and Saloon. The BMW 700 was aimed at the economy end of the car market with few luxuries but a distinctive angular shape. Both versions were shown at the 1959 Frankfurt Motor Show and proved a hit, with initial orders of 25,000. This provided a much needed boost for BMW's finances, which were nearing crisis at the time and led to the 700 being known as “The car that saved BMW”.

The 700 weighed little – around 659kgs – and the rear mounted, motorcycle-derived, twin-cylinder, 697cc engine was an ingenious design producing 30bhp in original form breathing through a single Solex carburettor. Improved brakes and rack and pinion steering endowed the 700 with excellent driving characteristics. Later variants included the 40bhp 700 Sport, with twin carburettors, and the Luxus on a longer wheelbase. Unlikely as it seems, the 700 in RS form performed well in motorsport, with Hans Stuck winning the 1960 German Hill Climb Championship and Walter Schneider taking the 1961 German Saloon Car title.

This particular 700 has been owned and raced by our vendor for the last few years, often with motorsport legend, Jackie Oliver, as his team mate. Indeed, it has competed three times in the ever-popular Goodwood Revival St Mary’s Trophy, thrilling the crowds by qualifying 5th in 2012 , in 2016 it qualified 6th and finished 6th, and qualified 4th in 2017 followed by a 7th place overall in the race. It has also been campaigned in various HRDC races bringing enjoyment and appreciation whenever it appears.

It was prepared by marque experts Laranca engineering to HRDC 2011 Regulations, and a dyno-sheet in the cars accompanying history file shows a remarkable 110bhp from the 950 cc, 2 valves per cylinder,twin. Extremely rare and interesting, this 700 looks fantastic value for money when you consider it’s a potential St Mary’s Trophy entrant.

 

CONSIGNOR

Consignor

For further information regarding this lot please contact Harry.

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Motor vehicles

Full payment must be received before any item is available to be released.

Vehicles can be collected from Stoneleigh Park from Monday 29th until Wednesday 31st March under the ‘click and collect’ guidance. Please contact the office on 01926 691141 and speak to a member of the admin team to arrange a collection time.

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 motor vehicles not collected by 1pm on Wednesday 31st March will be taken to our transport partners storage facility for a fee of £150 plus VAT. Storage will be charged at £10 plus VAT per day from Thursday 1st April onwards.


Automobilia

Full payment must be received before any item is available to be released.

Items can be collected from Stoneleigh Park on Monday 29th March to Wednesday 31st March under ‘click and collect’ guidance. Please contact the office on 01926 691141 and speak to a member of the admin team to arrange a collection time.

Alternatively, you can arrange to have the item/s shipped to you at your cost.

Enjoy the excitement of bidding, knowing your budget has been approved and confirmed by your dedicated Account Manager at Oracle Car Finance. For further information simply click HERE for your free quote or call 03308 387 7491.

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