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To Be OFFERED AT AUCTION WITHOUT RESERVE at RM Sothebys' Munich event, 23 November 2024. rnOffered Without Reserve | ?30,000 - ?50,000 EUR rnrnAn increasingly rare example of BMW's 1960s supermini, the 700rnDesirable Sport version with enhanced engine producing an improved 40 PS output; believed to be one of 8,213 madernPowered by its matching-numbers, rear-mounted, 697-cc flat-twin engine-an enlarged version of the air-cooled power unit taken from the BMW R67 motorcyclernNotably the first BMW car to use a steel monocoque structure rnBenefits from an older restoration, thought to have been completed in the early 1990srn rnrnBMW introduced the 700 at the 1959 Frankfurt Motor Show, representing a change in direction compared to its contemporary Baroque Angel models that aspired to conquer the luxury market. The diminutive 700 compact car was the first BMW built with a steel monocoque structure and featured a rear-engine design, borrowed from the R67 motorcycle. A five-year production run that ended in 1965-with some 188,000 examples built-is credited for saving BMW from going bust after notably losing money on every 507 sold.rnrnThe example offered here is a 700 Sport Coupe-the basis for many successful racing interpretations of the model-with the road car featuring an uprated 40 PS engine paired with a four-speed manual gearbox. The car was built in Fjord Grey, marked as complete by the factory on 1 August 1962, and imported new into Finland, where it is alleged to have had a series of owners before being discovered in a state of disrepair in the 1980s. Its next owner bought the car as a non-running project and soon embarked on a period of restoration that lasted until the early 1990s. At this point, it is believed that the car was refinished in the red colour scheme it wears today, complemented by a part-leather tan interior. It entered The Munich Masterpieces Collection in 2006. The 700 Sport is accompanied by a Birth Certificate by BMW Classic. rnrnAs charming as it is stylish with timeless design by Giovanni Michelotti, this BMW 700 Sport Coupe is a rare classic that awaits its next chapter. rnTo view this car and others currently consigned to this auction, please visit the RM Sotheby's website.

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