I have no false hope that my 225k-mile E28 M5 is going to follow the low-mileage examples into the upper-five-figure price range, but it is fascinating to see where the mere mortal examples are ending up. The wrong-wheeled rustbucket I wrote up a while back almost hit $13k on its auction, a number almost as shocking as the $60k M5s on eBay. This E28 is hardly the dumpster-dive of Mr. Rusty, but the blemishes are plentiful. The clearcoat is failing on the roof, it has the classic 80’s bumper waves and dash cracks, the driver’s seat is conspicuously omitted from pictures, and the engine compartment has some surface rust showing. On the flip side, the trunk’s carpet set is complete, which will make you then envy of a plurality of the owners on mye28.com (me included). It sounds like it runs well and hasn’t been outright abused or neglected; it’s just a rare car that looks to have lived a pretty average 28 years. The reserve is still on with bids up to $14k. Compared to the rust-bucket, where will a high-mileage, 6/10 E28 M5 land?
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Yet again, the “Manofied Racing” Alpina tribute – a well thought-out and thorough interpretation – is back on eBay. It popped up twice a couple of years ago, a few months apart, but obviously had no bites at $32,500. Two years on it has received a respray but lost its Alpina stripes on everything but the front and rear flight decks. Despite the impressive boom in the ’80s BMW market, this one apparently didn’t get to set whatever price the seller deemed more than generous. It’s down to $25k now, but I’m guessing a low-$20ks offer might get a serious discussion started.
The below post originally appeared on our site April 15, 2014:
CLICK FOR DETAILS: 1988 BMW 535i Alpina Tribute on eBay
You can’t walk two steps into the E28 community without confronting someone looking for Euro bumpers and lights, selling them, or yelling about how much better they look than the diving boards. For many, the cost of sourcing the parts, hacking up the ends of their 5er, and welding in smaller bits is worth it. The more authentic route is to find a true Euro market car, like today’s ’84 520i. It has passed between serious enthusiasts for quite some time, and is now being sold in favor of an E30 M3 project. I’m typically a go before show car guy, but I enjoy seeing people who daily drive low, unique cars just like this one.
The slammed XYZ suspension and reproduction Hartge front spoiler indicate that this 520i is far from stock, with an M20B25 out of an E30 and a serious amount of effort put into redoing all the mounts and inner bits to make daily driving a reality as long as you don’t have to confront such mountains as a slightly inclined driveway, or perhaps a small speedbump. After the effort gone into making this a head-turning daily Euro, the seller is thinking he can get very strong E28 money.
Click for details: 1984 BMW 520i on eBay
Here’s a fun market check as the E28 M5’s ascent follows the E30 M3 north. There isn’t a ton of history listed on this M5 other than it was owned by a BMW dealer who spared no expense keeping it nice. After just 93k miles, that care shows. Every electrical item is said to work perfectly, while the few aftermarket choices appear well-chosen. The suspension has been redone with Koni, while an interesting brake upgrade helps slow the fastest sedan in the world (in 1988). E34 brakes appear in the back, which is a common choice, but the owner has managed to get Porsche units up front with drilled rotors. There aren’t any big power upgrades, choosing to let the S38 do its best while making it an overall better-handling car. All of this adds up to an E28 M5 that is very nice but not perfect or all-original.