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Litmus Test: 1991 BMW M3

Update 4/20/2018: After showing sold again at no reserve for $46,400, this 1991 M3 is back again on a new no reserve auction. Bidding is currently much lower, but I have a feeling that even if you’re the high mark at the end there might be shill bids involved here.

Update 3/28/2018: Although it was listed as no reserve and sold at $39,900, the 1991 M3 I looked at in February is back again on a no reserve auction. With a day to go, bids are already in excess of February’s auction. Will this one actually sell this time?

I’ll refrain from my typically verbose introductions, as even the few who only occasionally peruse our pages will need to hear about how, when, or why the E30 M3 came about. There’s not really much point in talking about the mechanicals, either – ‘S14’ has become nearly as recognizable as the chassis designation. Nor is this particular M3 a special edition, limited run, or race car. It’s not completely stock, it’s not perfect, it doesn’t have super low mileage, and it’s not the best color combination. No, there’s really only one reason to talk about this car. Price.

For a while it was only really outstanding M3s that were bringing big bucks. Pundits called it a bubble that was due to burst at any moment. I’m not here to say they’re wrong; it certainly does seem unsustainable. But, then, the U.S. economy also is pretty unsustainable if you boil it down to some basic facts, yet it seems to keep on rolling. And just two weeks ago another (albeit low mileage) example sold for $102,000. So today’s M3 is particularly interesting not because it’s the best or most rare example out there, but because it represents a much greater majority of the pool; cars that were driven and modified, even if only a bit, from their stock configuration. Yet unlike nearly all that are for sale today, the seller of this car has taken the brave step of testing what actual market value is:

CLICK FOR DETAILS: 1991 BMW M3 on eBay

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1983 Audi Quattro

Unlike the Porsche 924, the Audi Quattro had no special editions. Outside of the homologation version of the Sport Quattro, there were no gimmicks, no limited models, and very few options. It was a take-it-or-leave-it design. You got a turbocharged inline-5 in front, a 5-speed manual gearbox in the middle, twin locking differentials center and rear, and it only came in Coupe form; no sedan, no four door, no popping rear windows, no convertible, targa or cabriolet. With a high-dollar price tag for its development, perhaps the Quattro would have been a greater market success if it had been available in more options, but the result was that they sold fairly slowly. In 1983, the model year of this particular example, Audi managed to shift only 240 of its $40,000 halo cars in the U.S.. Today, that makes them significantly more collectable than the 924, especially when they’re presented like this car:

CLICK FOR DETAILS: 1983 Audi Quattro on eBay

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1983 Audi Quattro

From what was arguably the least desirable Porsche product from 1985 yesterday, we move on to the most desirable Audi product from the same period. Contrary to popular belief, the Quattro did not pioneer many of the technologies it is credited with. What it did do, though, was for the first time marry turbocharging, full time all-wheel drive and a slinky coupe shape together with just enough luxury to partially justify its $40,000 price tag. For those not quick with inflation numbers, that’s just shy of $120,000 in today’s buying power – about the same as a lightly optioned 2017 RS7. What you got for that amount was surprisingly sparse; a manual sunroof, rear wash/wipe, and electric mirrors and windows – that was about it. Under the hood, the off beat inline-5 produced only 160 horsepower in U.S. trim, and toting around the best part of 3,000 lbs it was far from the performance produced by dollar-for-dollar equivalent models. You’ve often heard the expression that today’s Camry outperforms a 1980s Porsche? Well, a Kia Soul could give one of the U.S. spec Audi Quattros difficulty in a race. Coupled with a reputation for rusting and poor electrics, these expensive Audis were sold in sparse numbers and are a very rare sight today, especially with lower miles and original like this one:

CLICK FOR DETAILS: 1983 Audi Quattro on eBay

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1990 BMW M3 Sport Evolution

There is nothing that I can say here that will matter at all. I won’t convince you that the E30 M3 is overpriced – maybe, compared to some of the other limited run homologation vehicles like the Sport Quattro and even the asking price on Paul’s 190E 2.5-16 Evolution II two weeks ago this Sport Evolution is downright cheap. Despite that, I could tell you that for the for the asking price of this car you could have a whole fleet of very interesting cars. Heck, you could buy a lesser E30 M3 and still have a huge chunk of change left over to buy many other vehicles and even maintain them. Some houses are less expensive than this car. College for most is less expensive than this car. The average worker at Walmart won’t make in a decade what the asking price is here. But none of that matters, because if you’re even still reading I’m just making you tread water until you can see more photos and drown in the eye-watering price:

CLICK FOR DETAILS: 1990 BMW M3 Sport Evolution on eBay

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Motorsport Monday: ex-Mikkola 1982 Audi Quattro Group 4/B Rally

Motorsports seems to undergo a giant leap every decade or so, where rules changes or massive shifts in technological innovation immediately render the existing designs antiquated. I was thinking of this while watching Le Mans a few nights ago; only a decade after the swoopy 917s ruled the tracks of Europe, the ground effects era of the 956/962 would be ushered in. Fast forward another 10 years and they’d be effectively completely gone because of rule changes as prototypes moved towards open cockpit designs once again. Innovation was not limited to prototypes, though; everything from touring cars to Formula 1 goes through similar cycles of design and innovation, and for fans of each series there are favorite periods. For many in Formula 1, there are the evocative memories of the wingless Cosworth-DFV powered V8 missiles sliding around Spa’s course – or perhaps the flame-spitting Turbo Era and the birth of the Senna legend. For Touring Car fans, it comes down to preference, but I love watching those early to mid-1990s BTCC races, personally. And in World Rally, for many it’s the era that defined the spectacle of the WRC; the roaring Quattro and it’s complete revision of the rules of how to go off-road racing. Big budgets, legendary designers and drivers, an unconventional layout and one absolutely roaring 5-cylinder soundtrack was a recipe worthy of the notoriety the Quattro has gained:

CLICK FOR DETAILS: 1982 Audi Quattro Rally on Classic Driver

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