The hand-built 507 is arguably the most eye-pleasing BMW to ever hit the streets and the fact that it was made in very limited numbers only adds to its desirability.

BMW built just 254 units between 1955 and 1959 and as some of you might recall, Elvis Presley drove one. You can, too, but only if you’re willing to shell out north of $1.6 million.

Bring a Trailer is holding an auction event for a Series II 1947 BMW 507 and other than being a 507, this car is a special all-around. Why? For starters, just 15 of all the 507s ever assembled were painted black.

Power was routed to the rear wheels by a four-speed manual gearbox from ZF. The 507 rode on an independent front suspension setup with double wishbones and an anti-roll bar.

Just like some Porsches and Benzes, the 507 came to life at Max Hoffman’s suggestion that BMW should create a sleek sports car for the mid-price market in North America. Albrecht von Goertz was the designer responsible for the sleek aluminum body but hardtops came as optional equipment. This particular model is a Series II, which means in has the fuel tank in the trunk and not behind the seats.

Interestingly, the 507 was sold new in Rome after it left the production line on September 17, 1957. Somehow, it ended up in Emeryville, California, where it was kept in pristine condition. As a matter of fact, the interior was reupholstered right when the car got to the U.S. Later on, the Nardi steering wheel was rebuilt and the engine was removed, serviced, resealed, and detailed right before the current owner bought the car.

The current bid is $1.6 million, but that’s likely to go up as the auction ends on Monday, December 7 at 9:00 pm. So still six days left to either rob a bank or keep salivating in front of a screen.