Earlier this week I checked out two of the most unique, which in turn meant most expensive, Mercedes-Benz 500Es I’ve ever run across. They were everything you could possibly want out of a W124.036. Great colors, interesting interiors and most of all, outstanding condition. Today, we have another one of these Autobahn burners in near-showroom condition, a 1994 up for bid in California with just a little over 22,000 miles. As you might have guessed, the price one this one probably will be just as high as the earlier examples although based on the bidding so far, it might even top it.
The last time I checked out a Mercedes-Benz W124 500E, it was none other than Rowan Atkinson’s that ended up selling for a whopping $86,700. It’s pretty clear his name had some serious value attached to it as not many W124.036s carry that kind of price tag, if any. That is until I came across these two beauties for sale in the Netherlands. One is a 1992 painted in Nautical Blue Metallic with the ultra-rare Alpaca Gray fabric and leather while the other one is a 1993 in Blackberry Bornite Metallic that there are only a handful of out there. Both of these cars are nearly flawless and as you might have guessed, carry some pretty serious price tags. But for these special examples, I can totally understand why.
Most people know him as ‘Mr. Bean’, car enthusiasts know him as the guy to crash his McLaren twice but only the most hardcore Mercedes aficionados will know him as a mutiple Mercedes-Benz W124 500E owner. This man is of course the legendary actor, comedian and screenwriter, Rowan Atkinson. Atkinson has always been known as a ”car guy” with classics like the Acura NSX, Renault 5 GT Turbo, Aston Martin DBS V8, 1939 BMW 328 and the list goes on and on. Surprisingly, he has chosen to give up two of his classic sport saloons at auction next month in England. One being the super rare Lancia Thema 8.32, the car famous for being powered by the Tipo 105L 3.0-liter V8 shared with the Ferrari 308 and Mondial Quattrovalvo and the other being this handsome 1993 500E. The W124.036 has been blue chip vehicle from the 1990s for years now, but one that has the ultra-rare cloth interior and owned by Mr. Bean? This super sedan could end up being pretty pricey once the hammer falls.
Speculation of value is a crazy thing. Some people go conservative while others shoot for the moon and see where they land. The classic European car market over the past five or so years has exploded and there looks to be no slowing down. The big winners in this market are the rare cars with lower mileage that all of a sudden everyone seems to want. Today’s car, a 1993 Mercedes-Benz 500E, is no different. Rare car, lower mileage, mega reputation and street cred leaving everyone all of sudden wanting one, and the Porsche tax added to it for good measure. The thing about this 500E is that I’ve never seen a price tag this high on the legendary W124.036 before and I still really can’t wrap my head around it. How high is it? Are you sitting down?
Last week I looked at the legendary E500 that seemed like a really good deal considering the market for these beasts. Today is another W124.036 that also presents good value for the condition this 500E is in. Sporting the lovely Spruce Green Metallic with creme leather like the 600SL I checked out back in the spring, this car just reaffirms why it is one of my favorite colors on 90s Mercedes. Unlike the E500 last week, this one has about 50,000 more miles on it. But taking a quick glance, you could never tell. So how much of a price difference will there?
Engine: 5.0 liter V8
Transmission: 4-speed automatic
Mileage: 152,696 mi
Price: $19,900 Buy It Now
Extremely Rare and iconic “Wolf in Sheep’s Clothing” 1993 Mercedes-Benz 500E Sedan with 152k..Finished in rare Spruce Green over Cream-Beige Leather interior for a stunning color combination…These rare 500E Models were was hand-built in close cooperation with Porsche Engineering Team that modified the engines for this model…With the 500E’s aggressive stance featuring 1.5 inches wider track 0.9 inch lower profile flared fenders side skirts front air-dam and wide tires and over 325hp the 500E sets itself apart from other E-Models. These models were built only from 91′-94′ and only have production numbers just over 10000 units making these extremely desirable on the market. This particular 500E has been extremely well maintained throughout it’s life and has an accident free history and clear Title. This was primarily a Pennsylvania Car for it’s entire life and shows no rust anywhere on the vehicle…Please give us a call for more information or to schedule a test drive or showing…978-631-1968..
Our friends on the 500E Board have a nice paper trail of how many times this car has been sale in the last couple years — which is a few.…
Last week I checked out a W124 300E Sportline and broke down why that for the money, it was a really good buy if you didn’t want to splurge on the king W124. Well, it is a new week and the king is still alive and thriving. What we have today is the last year of the 124.036, a Brilliant Silver 1994 for sale in California. In my opinion and probably many others, the 1994 is the most desirable because of the face lift that makes this W124 look just about perfect. Of course, ‘just about perfect’ comes with a cost. But even in this current market, it’s not as expensive as you would have guessed.
Engine: 5.0 liter V8
Transmission: 4-speed automatic
Mileage: 105,975 mi
Price: $23,000 Buy It Now
Single owner and still on the original title – Sold new in Washington state on 12/301994 – Regularly serviced.
10k miles accumulated over the last 10 years – Just out of storage – Clean Carfax – Handbooks – MB Vehicle Master Inquiry on hand.
No alterations except a driver’s door cup holder.
This small series of Mercedes was a collaboration with Porsche and the 500E and E500 are known by Porsche as Type 2758 in that company’s official nomenclature.
Each 500 E was hand-built by Porsche, being transported back and forth between the Mercedes plant and Porsche’s Rossle-Bau plant in Zuffenhausen.
Assembly required a full 18 days to complete each model.
Just serviced including fuel filter/air filters – New engine/trans mounts – New brake rotors/pads front and rear – New rear suspension accumulators.
Differential fluid change – New tires – New headlight/windshield wiper blades – Cold AC – Likely original upper engine harness.
Bet big to win big, right? Today might be one of those situations. What we are looking at is a 1992 Mercedes-Benz 500E with a hair under 50,000 miles. This is obviously very good in the big picture. But the real pictures you are seeing show a different story. This monster W124 is so dirty you can’t tell the condition of the paint, the tires are nearly flat and the seller has no real information on the car other than it’s just been sitting in the driveway for at least a year.
Ready to gamble?
Engine: 5.0 liter V8
Transmission: 4-speed automatic
Mileage: 49,396 mi
Price: No Reserve Auction
Low mileage because owner collected many cars.
Grille is 1993 version. Has been sitting in driveway at least 12 mos, battery may need to be replaced. Tires appear low. Can probably be driven after battery is charged. But current registration is for planned nonoperation. This is not an estate sale.
Interior of car is very new looking.
Previous license was 3CLH104 prior to a rear-end accident where license plate was lost.
The 500E is a dilemma if I’ve ever seen one. These are no doubt valuable cars and the current market isn’t slowing down on them. Any E500E that is in any kind of decent shape is usually bringing $12,000 right off the bat even for cars pushing the 200,000 mile mark. Once you start getting into lower mileage cars that are very well sorted you can hit $30,000 very easily and head all the way up to $150,000 for Jerry Seinfeld’s 500E.
A couple of things about this car I find interesting. First is that it has been updated to the 1994 facelift look.…
As followers of my posts will know, I love cars that conceal their heightened performance behind austere exterior styling. The 500E is a particular favorite of mine. Around 1,500 of these were imported to the US between 1991 and 1994. Based on the W124 chassis E-class, the “wolf in sheep’s clothing” was the product of a joint venture between Mercedes-Benz and Porsche. The chassis would pass back and forth between the two manufacturers as it was assembled: the car got beefier brakes from the SL, upgraded suspension, a wider track and a glorious 5.0 liter V8 motor. A 0-60 MPH sprint time of about 5.5 seconds, top speed of 160 MPH and total power output of around 322 hp might not sound all that impressive now. But those were very respectable numbers for the time, especially for such a large sedan. By the mid-2000s, the 500E had become somewhat overlooked, passed over by many in favor of the BMW M5. But in the last five years there has been a resurgence of interest in these cars. Values have begun to climb as a result.
The 300k-mile 500E I wrote up last week was a bit of a hot mess. It needed extensive cosmetic work along with who knows what else. But to my surprise, it sold for $7,700. I wish the brave soul who bought it all the luck in the world, whether they restore it to its former glory or use it as a comically powerful beater. The sale price got me thinking: how much would you have to pay for high mileage 500E that wasn’t all torn up? As if on cue, this nice looking example popped up on eBay. The miles are high, but the condition of this Porsche-Mercedes mashup looks great, a testament to the longevity and durability of the W124 platform on which it is based.
The product of a collaboration between Porsche and Mercedes-Benz, the W124 500E was a worthy competitor to the E34 BMW M5. Powered by a 5.0 liter V8 motor generating 322 hp and equipped with beefed-up suspension and brakes, these stealthy Q-cars have languished on the used market until relatively recently. Finally receiving the attention they deserve, over the last decade values have steadily risen, with mint condition examples now commanding $30k price tags. Cars at that end of the market will likely stay tucked away behind closed doors. But what if you want to just drive a 500E, and not worry about every ding or scrape it gets in the parking lot? The courageous and open-minded might want to take a look at this forlorn-looking example. With a bit of attention and light restoration, this could turn out to be a steal. Or a money pit. Only the brave need apply…