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Speculation of value is a crazy thing. Some people go conservative while others shoot for the moon and see where they land. The classic European car market over the past five or so years has exploded and there looks to be no slowing down. The big winners in this market are the rare cars with lower mileage that all of a sudden everyone seems to want. Today’s car, a 1993 Mercedes-Benz 500E, is no different. Rare car, lower mileage, mega reputation and street cred leaving everyone all of sudden wanting one, and the Porsche tax added to it for good measure. The thing about this 500E is that I’ve never seen a price tag this high on the legendary W124.036 before and I still really can’t wrap my head around it. How high is it? Are you sitting down?
Last week I looked at the legendary E500Â that seemed like a really good deal considering the market for these beasts. Today is another W124.036Â that also…
Last week I checked out a W124 300E Sportline and broke down why that for the money, it was a really good buy if you didn’t…
The W124 platform E500 - the product of a joint venture between Mercedes and Porsche – has established itself as a firm favorite among enthusiasts lusting after brawny, fast German steel. Hewing close to the late 80s/early 90s super-sedan recipe - big engine, understated exterior, room for four to travel in comfort with effortless rapidity - these brutes have been rising in value of late, with asking prices on mint, low-mileage examples reaching into the $30k plus territory. Over the summer, Paul and I saw a couple of 500Es hanging out at Katie’s Cars and Coffee, the same place, in fact, where a week later a 380SL would rather infamously collide with a Ferrari 458 Speciale. I hadn’t seen a 500E in the flesh for a while, and I was struck by just how muscled and hunkered-down they look. At the time, Paul said to me that “hunkered-down” is exactly how they feel to drive too. I have to take him at his word; sadly I haven’t had the pleasure.
One quick look at this late model W124 and you might mistake it for any other normal E-class of the era due to its rather sublime Smoke Silver hue. Such is how good this color is at hiding those wide front fenders, bodywork which will tip the enthusiast off into knowing this isn’t your normal E-class. No, this is one of a few of the facelifted E500s which made its way stateside before taking a bow three short model years in. This example for sale in Georgia just crossed the 20,000 mile mark, quite remarkable for a car which screams “drive me.” Been on the hunt for a mint condition example of this legend? This one is worth a closer look, then.
