It boggles my mind that the Z8 design is now on the verge of 27 years old. First penned in 1995 and shown at the Japanese Motorshow in 1997, the Z8 looked outrageous and the recipe sounded perfect, with internal components borrowed from the E39 M5. That meant the S62 quad-cam double-VANOS 4.9 liter V8 cranking out 394 horsepower and routed exclusively through a Getrag 6-speed manual transmission driving only the back wheels. Coupled with Henrik Fiskerâ€™s sumptuous lines, the Z8 managed to both channel the history of BMWâ€™s landmark 507 and be a cutting-edge design at the same time. It was the halo car that helped to lead BMW into a new millennium. Sold for sometimes upwards of $160,000 when new, they were instantly collector fodder – but these cars also caught headlines almost immediately due to problems with their aluminum space frames deforming in the shock tower area.
Between collectability, the up-front expense and fear of destroying the chassis, a fair amount of these cars appear today with very low mileage. So why look at this one? Well, it is well below average mileage, but mainly â€“ the color. Only 5,703 Z8s were produced, putting it roughly on level footing with the E24 M6 in terms of scarcity. Red Z8s are particularly rare birds, though, with just 291 made. This particular example is one of 137 with black leather upholstery, and for good measure it’s got just 16k miles.