The market for E28 M5s is pretty stable, but the tail pulling up the rest of the mean is low-mileage examples. As the ur-M5 grows older and common examples continue to acquire miles and wear, the unicorn of low-mileage grows ever more rare and tempting. And while bidding has been fierce with 30 bidders on this 52k-mile M5, I’m actually surprised to see the price at just under $16k. With 2 days left on the auction, it will probably push up into the 20s before all is said and done.
1988 BMW M5 for sale on eBay
Unfortunately brief description from the seller:
This is a rare chance to own a 1988 BMW M5 sedan. The car has only 52,617 miles. It runs and drives new. The a/c blows ice cubes. Paint is like glass. Interior is beautiful.
While the mileage and cleanliness speak for themselves, I’d want to get some more information on provenance and maintenance thus far (though a quick visit to MyE28.com and RCBMW would probably give a verdict on the history). It certainly looks the part as an entirely-original M5 that has covered about 2k miles per year. Someone who wants an original beauty to pamper is going to rise to the top of the auction and give a great new data point on low-mile M5s, which usually change hands for $20-25k.
-NR
Drop. Dead. Gorgeous.
Curious as to why the seller didn’t provide the CarFax – even in his listing further down.
Unless there is some sort of issue lurking below, the reserve price is probably crazy. Of course, that doesn’t seem to be holding bidder interest back…
A person on the e28 forum saw the car and said it had a lot of issues not disclosed and didn’t even bother test driving it.
Well, it *looks* drop dead gorgeous in the photos, at least.
Auction ended 6/13/12 at $20,101 bid w/ reserve not met.