Though personally invested, I’m still skeptical of the recent prices we’ve seen E28 M5s being listed for. It seems like reasonable examples were going for high teens just a few months ago, yet all of a sudden it seems any clean sub-150k mile example is going for over $30k. Today’s example is one of the rare Canadian models with the all-black interior, which is a fun idea but much less appealing (to my eyes at least) than the tan interiors present on the other 99%. It has just 124k miles and appears to be in good working order, but it’s not like the shockingly clean examples we’ve featured recently. It’s lived through 4 owners and the maintenance history is disappointingly lacking. The E28 community seems to express a collective “meh” when black-interior cars are brought up, but some like the color and rarity. Have E28 M5 prices really gone up 100% over the last year?
All posts tagged e28
With traveling for holidays and work occupying the majority of my December and the first significant rain we’ve seen in California coming during my time at home, my M5 has been sadly tucked away under his cover in the garage. I’m sure he doesn’t mind too much, but anything more than a couple of weeks without letting him loose always makes me uncomfortable.
Seeing cars like today’s M5 don’t really help the longing. After last week’s beautiful Eurofied M5 sold at the crazy asking price of $37,990, it would appear clean M5s have jumped up a rung on the value scale for the holidays. Today’s full-bumpered M5 has very similar miles and is in fantastic condition, though not quite the concourse-quality of the small-bumpered example, yet is still well north of $30k. I really thought that threshold was reserved for the few examples still lurking that are well below 100k miles, but when they’re selling, that’s the market!
Click for details: 1988 BMW M5 on eBay
As 80s Bimmers ramp up in their collectibility, so too comes the heat with which enthusiasts argue for their personal preferences. E28 M5s are a nice example of this, as their values creep up following the contemporary and now-absurd E30 M3. The E28 hosts a much more vehemently debated preference than the M3, that of the vast different between the bumpers present on US models (disparagingly called “diving boards” and other silly things) compared to the much slimmer treatment given to the Euro models. Many have attempted conversions, but the historically-low prices of E28s made it reasonable to grab some Euro bumpers from a 524td, graft them on, and paint them Schwarz. The value of cars with the conversion is as debated as their looks – yes, it took work and is a desirable aesthetic, but it’s also an impersonation that involves hacking into a classic. For the record, some people (like the author) appreciate and enjoy the big US bumpers, as that’s how we first saw and lusted after the E28 M5 anyways.
Today’s example is, from all angles, gorgeous. From the door jambs to the engine bay, the trunk to the paint, you can’t tell that it’s covered 135k miles. It’s really one of the cleanest I’ve seen. Seemingly in contrast to the thorough like-newness of this US E28 M5 is a Euro bumper and headlight conversion. However, these are no 518i bumpers – this is a real, OEM M5 bumper conversion. That kind of effort and cost can’t be overlooked when valuing this car. But even with an all-correct conversion and truly stunning condition throughout, is any E28 M5 with 135k miles worth the same as a perfect, low-mile E30 M3?
Click for details: 1988 BMW M5 on eBay
A few weeks back I looked at a Japanese market 1987 M535i automatic. It was a really neat car in many ways; all original, lower miles, great condition and a good color combination – plus, it was a rare to see model. Well, today the same import company is back and upped the ante with matching 1982 and 1983 Alpina B9 3.5s. These are much more desirable than the M535i; both are manuals and these were about as close as you could get to a M5 without actually buying a M5. They’re ultra-limited production models – only around 570 B9 and later B10 models were produced. They were very close to U.S. spec M5 power numbers, with nearly 250 horsepower on tap from the Alpina-modified 3.5 engine. Coupled with upgraded suspension, brakes and bespoke interiors and exterior spoilers – and those all-important Alpina contrasting stripes – they made one heck of a package:
CLICK FOR DETAILS: 1982 Alpina B9 3.5 on eBay
We’ve seen some cool examples of the standard 535i recently, and today we have another clean, low-mileage example that is coming from its original owner. With just 116k miles, it looks pretty impeccable inside and out. The one main detraction is the automatic, but on the flipside it was just replaced. Having to drop some serious cash on the transmission and brakes was apparently enough for him to decide it was time to move on, as it’s up for sale with no reserve.