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E28 M5 values are continuing to climb, and examples that are good but flawed are now going for amounts that, until recently, were reserved for nearly perfect, low-mileage beauties. Many enthusiasts and publications have seen this coming for a while, but this past year has seen the largest jump yet. Today, we have two M5s that have covered a little over 150k miles – certainly not spring chickens. We’ve seen well-traveled M5s go for over $30k, but exceptional care and appearance seemed to rationalize such a high price. Both of today’s cars have their flaws, signifying that the 80s ///M appreciation is spreading far and wide.
While I may have given the E38 some style points over the E39 this morning thanks to a slightly sharper design theme, there’s no questioning that the E39 M5 is among the most – if not the most – desirable sports sedans ever made. Great handling, monster power, and business-class aggression all come together for a Liam Neeson-type action star: “Is the plot different? Who cares. I’ll watch this brand of grown-up ass-kicking all day.” Today’s well cared for model comes up for sale with just under 50k miles on the clock – a number I’m sure the seller was well aware of. That’s near the top of the market and almost twice what some examples will cost, but low mileage makes champions in this arena. Dark grey on black is a dapper combo for this vengeful father – all the better to hide the blood.
Fans of the venerable and arguably original super sedan, take note! This post – and the included auctions – are two that you probably want to pay attention to. Why? Well, we have two examples of the awesome 1988 BMW M5 – not unusual, in all honesty, over the past few years. But the two examples differ in many ways; one is a flawed but original, lower mile example, while the other has high miles, plenty of modifications and is generally very clean. The kicker, though, is that both auctions are no reserve and with a few days to go on each, they’re racing for the top spot. Which will be garnished with the highest bid and where is the market heading?
It’s hard to find a single owner “M” car these days, even harder to find one that was assembled by a single person. This 1993 BMW M5 checks both those boxes and has the added bonus of having traveled a paltry 9,880 miles in its 22 year lifespan. Perhaps that’s why I didn’t get sticker shock when I reviewed this listing. I get it, this is an extremely rare opportunity to drive a legendary vehicle in true showroom condition. If I had $63k to spend on a car I would go out and snatch this thing up right now. I mean, you’d have to be crazy to get a comparably priced new BMW instead of this car. By the time you put any kind of major miles on it the value will have only held steady or decreased very little. Aside from just being a fun to drive, final year North American M5’s are highly sought after for their minor cosmetic upgrades like the iconic “Throwing Star” wheels and the Shadowline Exterior package. The fact that these were the last handbuilt BMW’s available in America only adds to this car’s intriguing portfolio. Seriously, there’s so much to love about this car from an investment standpoint that you almost forget that it’s also just a damn fine car to drive.
The E34 M5 was powered by the S38 inline-6, the last M5 motor to share DNA with the legendary BMW Motorsport engines. It made 310 hp and 266 lb-ft of torque; not crazy by today’s standards but it’s enough to put a big old smile on your face. Europe saw powered bumped to 335 hp in ’91 and the addition of a 6-speed manual transmission in ’95 because it’s Europe and they get all the good stuff. Speaking of which, in 1992 the folks at M Division built their first estate car and it remains, in my humble opinion, the coolest fast wagon in the history of fast wagons. I will endeavor to find a solid example to write about in the near future as we are only two years away from being able to legally import those beauties. For now we’ll just have to make due with sedan examples like this one, I suppose it could be worse.
I know that, amongst the authors that grace these pages, I seem to do a lot of comparisons of cars, some of which are extremely unlikely comparisons. One of our readers termed my picks a “Cheese and Chalk” competition; in many ways, he was right. After all, how can you really compare cars that are in completely different demographic categories? To be fair to me, I don’t always do such, but in that case that’s the appeal of the “10K Friday” series – taking a fixed budget and looking at the wild variety of cars that’s available simply because they’re similarly priced. However, I also like to compare similar vehicles and that’s the case today. I have two rare examples of Dinan-modded BMW 5-series. On the surface, they’re quite similar – both grey metallic, both with light grey interiors, both with normally aspirated motors, both have silver multi-spoke wheels with polished lips, and both have 6-speeds. But the level with which Dinan has breathed on them is quite different; consequently, one has double the power of the other, more technology and more complexity. That model also has one tenth the mileage of the other, and unsurprisingly is on offer at ten times the price making these seemingly very similar 5s very different. Which is the winner in your mind?
