Following up on Craig’s Euro-spec Diamond Schwarz Metallic E24 comes an unusual E28 M5. There were a few things that caught my eye about this car; first off, Rhode Island is a small community and I feel like I know a pretty good percentage of the E28 M5s that live here, but this one was new to me. Not only was that unique, but the seller was selling two, with a 4-post black/black E34 to nicely compliment the original model. More things stuck out, though; immediately, the European bumpers and lights are a neat look, but it was inside and the black leather that really helps to set this car apart. About a month ago, Nate looked at a sacrilegious turbo swapped M5 with a non-stock black leather, but this one is claimed to be one of the original 101 all-black M5s imported to North America:
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Typically the legendary S38B35 is an engine that gets swapped into other BMWs, now out of them, but today we’re playing opposite day with this No-Effs-Given E28 M5. A little while back it received a turbocharged M30 transplant which is a pretty common setup for E28s – just usually done on more pedestrian models than the extremely rare M. A unique aspect to this auction is that the S38 comes with it, so you have the opportunity to ride the turbo monster as long as you please while retaining the prospect of putting the numbers-matching engine back in eventually. Even so, any hopes of originality are long gone after they spray coated the floor rooting out some rust, replaced the wheel and shift knob with anachronistic wooden parts, and spray painted the homebrew center console to accommodate auxiliary gauges. The one thing that I actually do think is original, contrary to the seller’s claim, is the black interior. With all seats, door cards, and interior trim in black, and miles instead of km, I think this may well be one of the 31 US M5s with black interiors (more than 2 the seller thinks they made, but still an extreme rarity).
This M5 has been hacked and sprayed to the point that it will forever be valued more like an E28 rather than the second-rarest M car. It looks pretty darn good from the outside, albeit modified with later wheels and yellow lenses, and the S38 alone could recoup a serious chunk of the purchase price. It’s already into 5-digits with a long time left on the auction and looks like this basket case M5 with its heart in a box will still pull decent money.
Click for details: 1988 BMW M5 on eBay
We’ve been having some fun with Alpinas recently, and the seller that brought us Carter’s E12 B7 Turbo is back again with a sexy E28 B7 Turbo. The E12 and E28 always look similar, and in grey with gold Alpina stripes these two examples further that notion, though the closed-lug 20-spokes help this 1985 B7 look a bit more modern. It’s No. 46 out of the 236-car run and is in beautiful shape thanks to good care and a repaint a while back. The stripes are still there, however, as well as the monster 300hp M30 turbo. The interior looks clean but 31 years old and used, though much better than the normal E28 wear on the seats. Other than that, from the Alpina-green toolkit to the gold name emblazoned across the front spoiler looks to be spotless and perfect.
Click for details: 1985 Alpina B7 Turbo on eBay
This beautiful Burgundy 528e is one of the nicer non-M E28s we’ve seen in a while. The red and brown tones come together to underscore what this model is all about. The eta-engined Bimmers of the late 80s were value judgments from the get-go – are you ok with going a little slower in exchange for torque and fuel mileage? If so, you’ll still get the handling and killer good looks of the E28 while being primed to crush long miles without heading to the gas station every few minutes like in my M5. There are some compromises to be made with this particular example as well, like accepting that the real mileage is unknown due to a replaced cluster and knowing there are a couple small spots of surface rust hiding in the Burgundy next to seams. The flip side is extremely conservative bidding on the no-reserve auction for this nice daily-driver quality E28.
Click for details: 1987 BMW 528e on eBay
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?