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£326.3k

1937 BMW 328 Cabriolet Project

Bonhams • UK • 12 Sept 2015

Market Position:

Lowest 30% of Past Sales

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£326,300

1937 BMW 328 Cabriolet Project

UK • 12 Sept 2015

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Vehicle Details

AI Listing Summary

This is a 1937 BMW 328 Cabriolet Project, one of fewer than 200 surviving models. It has been under present ownership since 1968 and is offered for restoration, making it eligible for the Mille Miglia.

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Condition 

2

This 1937 BMW 328 Cabriolet is being offered as a project car, meaning it requires restoration. The engine has been dismantled and requires re-assembly.

/ 10

85043

1937

Auction

RHD

United Kingdom

£326.3k

1937 BMW 328 Cabriolet Project

Bonhams • UK • 12 Sept 2015

Market Position:

Lowest 30% of Past Sales

Track live values and receive listing alerts

Description

*One of fewer than 200 surviving *Present ownership since 1968 *Offered for restoration *Mille Miglia eligible BMW's emergence as a manufacturer of fine sporting motor cars can be traced back to the annual Eifelrennen event held at the Nürburgring on 14th June 1936, when Ernst Henne beat a field that included 1½-litre monoposto racing cars driving the prototype of what would become one of the most iconic sports cars of all time – the legendary '328'.

The fact that this overwhelming victory had been achieved only eight years after BMW's establishment as an automobile manufacturer is all the more remarkable.

It had been the acquisition of the Dixi works at Eisenach in 1928 that provided BMW, hitherto a manufacturer of aero engines and motorcycles, with a foothold in car manufacturing.

Dixi's built-under-license version of the Austin Seven was gradually developed and improved, ending up with swing-axle suspension and overhead valves, and then in 1933 came the first true BMW - the six-c...

Price Analysis vs Other 328s

£130,592

Lowest Price (Since 2020)

£336,546

Median Price (Since 2020)

£714,881

Highest Price (Since 2020)

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World Record

If this vehicle sells at the mid-point of its estimate it will set a new world record for the [enter model]

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Lowest 30% of Past Sales

Compared to previous sales, the sale price placed this vehicle in the lowest 30% of past sales for the 328.

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Lowest Price

If this vehicle sells at the mid-point of its estimate it will be the lowest price we've seen for the [enter model]

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Average Price

The mid-point of the vehicle's estimate places it near the average price we see for the [enter model]

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Rare Sale

This vehicle comes to market rarely. In auction records we've only seen [enter number] sold before

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Icon

This vehicle is an icon of the game. Any collection would benefit from having one

Previous 328 Sales

MOT Information

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Latest MOT mileage:

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Gallery

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Auction House Headquarters

Bonhams

101 New Bond Street, London, Greater London, W1S 1SR, England

Operating from London, Bonhams is a physical auction house handling classic, historic competition, and collector cars. They conduct live auctions globally, offering vehicle consignment, appraisal, and valuation services.

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