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1988 BMW M3

It’s only been a little over a week since I last looked at an E30 M3. A 297,000 mile example with extensive rebuild work, it brushed up against $40,000 in bidding in the no reserve auction.

Clearly, M3 mania hasn’t died down all that much.

Sellers have taken note; at any given time, there are a plethora of E30 M3s available on the market. Today’s search yielded no less than eight examples on eBay; average asking price? About $64,000. But that’s nothing compared to the nine that Enthusiast Auto Group have, including no less than five Sport Evolutions. If you have to ask….

But not many sellers are laying it out on the line. If the market really is plum crazy for these cars, why are more people not rolling the dice and taking market value? For example, if a nearly 300,000 mile example hits the best part of $40,000, what would a much lower mile example bring?

We’re about to find out.

CLICK FOR DETAILS: 1988 BMW M3 on eBay

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1990 BMW M3 with 297,000 Miles

I believe this is the perfect counterpoint to yesterday’s 968 Coupe. The recipe is much the same, though the result is even more legendary. But what I find so interesting in considering these two cars is not how similar they are, but indeed their opposites. Unlike the 968, this M3 was driven with aplomb, eclipsing nearly 300,000 miles so far. It’s not a particularly special color combination; Diamantschwarz Metallic (181) over Black leather is pretty standard though admittedly it looks very nice. It wasn’t unusually specified, as it carries the normal assortment of M3 options; air conditioning, sunroof, cruise control and electric windows. While yesterday’s 968 was basically factory fresh, obviously with the amount of miles on this chassis, to look anything like the photos it’s had to go under the knife and from the inside out this M3 has been thoroughly rebuilt. But the real tell will be what the hammer falls for in two days. While the immediate reaction of many to yesterday’s 968 was that it was heavily overvalued in asking price, I’m curious to see what the reaction to the bidding on this M3 – already at $28,200 at time of writing – is:

CLICK FOR DETAILS: 1990 BMW M3 on eBay

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2001 BMW M3 with 10,000 Miles

EDIT 8/10/2017 – IT’S BACK! Now with a $58,900 asking price, according to Hunting Ridge Motor’s site. With prices on the rise when the right combinations appear on these E46s, it will be interesting to see when and what amount it finally sells for.

EDIT 7/25/2014: with a few well placed seeds and some research, it appears that this car is the same one as the 10,000 mile M3 I wrote up in May here. That makes the asking price and modifications all the more puzzling. Thanks for the interest and sorry that I didn’t catch it the first time around!

What is the price for perfection? What would you be willing to pay for a brand new example of the car you love? There are certainly a lot of people who love the E46 M3 including me. I really think it was a high point of design for BMW; those sweeping arches, the delicate lines in the hood, the hunched, angry stance – it’s perfect, and best of all, it’s relatively affordable still. But many have already begun to fall into disrepair, and of course when you’re buying an older car you’re subject to what comes to market and managing repairs, restoration and asking price. But what if the car was effectively brand new? Chances are everyone would say “Sign me up!”, especially if that car was in one of the most sought after color combinations. They would, that is, until they saw the price tag:

CLICK FOR DETAILS: 2001 BMW M3 on eBay

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1992 Audi V8 quattro

While visually most people would have a hard time telling a 1991 and 1992 V8 quattro apart, there were a bunch of little changes throughout the model if you were paying attention. The easiest change to spot was the BBS RG forged wheels that carried over from the 1991 model. At 15 x 7.5″ with a 35mm offset, they filled out the widened arches nicely. The more pragmatic change was in badging; after two years of no model designation (one with nearly identical looking but very different cars underneath for sale), the company finally decided other people besides the owner should know what they were driving. V8 badges were added to the grill and left rear of the trunk, and a “quattro” badge returned to the right side of the lid. Much less noticeable was a more pronounced exhaust, with twin stainless outlets now emerging straight out instead of the 1990/1 down-turned tips.

Inside there were few changes; minor gauge movement had occurred between 1990 and 1992. Connolly leather seats were now standard (as were nearly all items on the V8), and the wood trim was upgraded. The V8 came standard with the Cold Weather package, sunroof, ABS, and BOSE radio. Gone was the option to row-your-own, as the manual was removed from the U.S. market. However, a light revision to the shift points along with an integral cooler meant that the 4-speed automatic in the ’92-94 models was more robust.

But the big change was under the hood, where a new ABH 4.2 liter all-aluminum V8 met the owner. With 276 horsepower and 295 lb.ft of torque, it was the most powerful Audi you could buy in 1992, and acceleration matched the manual and turbocharged S4. All of this luxury and speed cost; the sticker price was now up to $54,000. On paper, the V8 competed well against the competition from Stuttgart and Munich.

But in the recession of the early 1990s, coupled with the legacy of Audi’s scandals and rocky introduction to the super-luxury market meant the V8 was a slow seller. Despite upgrades, the ’92-’94 sold especially slowly; in total, only 518 4.2 models were sold in the U.S. compared to nearly 3,500 3.6 models. ’92 was the best seller with about half of those – 270 – moving here. Few remain in the condition of this Cyclamen Red Mica example though!

CLICK FOR DETAILS: 1992 Audi V8 quattro on eBay

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1988 BMW M6 with 12,000 Miles

We would be remiss if, during Shark Week, we failed to present an E24.

Well, here it is. And, frankly outside of the museum, I’m not sure that it gets better than this one.

First, it’s a late M6. They’re automatically better looking than the early M6s to me because of the color-matched bumper covers if nothing else. Second, this one is the perfect color combination of Royalblau Metallic (198) with Silver leather (201). Truth told, I’d prefer Lotus White Nappa (199), but I’m being quite picky. That’s because of the third item; with only 12,100 miles since new, this M6 is as close to showroom fresh as one can get it would seem. GREAT! I’ve found perfection! But, what price does that translate into.

Well, we have some comparable models to look at, amazingly. I featured a 36,000 mile 1987 reached $54,700 in bids this past April. The equally impressive 1988 Schwarz model with 32,000 miles asked $80,000. But this one? This one bats the asking price right out of the park at $135,000.

CLICK FOR DETAILS: 1988 BMW M6 on eBay

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