We’re an odd group, enthusiasts. Normally you’d assume that we’d be excited to see each and every example of rare cars that pop up. Sometimes, even semi-rare cars excite us. Occasionally, it’s just a plain-jane base model that’s not often seen that will peak the interest of the masses. Yet the excitement usually isn’t there; instead, what results is a form of cyber-bullying as every keyboard warrior attempts to find each and every wrong detail with a particular example. It could be something from small details – paint chips, a scratch, a rust bubble to things that are downright esoteric; my complaint, for example, that the RS2 color “RS Blue” appear correctly on B4s instead of the more commonly associated Nogaro Blue. It could be omission of mechanical details, incorrect listing information, a slip of the fingers in typing in a VIN. Seriously, does it matter? Well, it does when it comes to top-dollar collector cars. In the case of today’s car, the second E30 M3 Evolution II in as many weeks here on the site, my microscope attention focuses on the wheels:
Tag: EVO2
I’ve said it before, and I’ll say it again – I generally try to stay away from the E30 crowd, mostly because I really don’t think the current values on the M3 are justified. For under $10,000, it was a great track car. For under $20,000, it was a great occasional driver and memory of fun times in the DTM. At $30,000, it starts to become a show car that you’re not willing to drive to the store. Past that, it’s pure speculation and there seems to be no end in sight. Likely, that won’t be the case but if the Hemi bubble taught us anything it is that there will always be something new for people to latch on to. Of course, I watched a Mecum auction this past weekend and saw a Hemi Barracuda hammer for a few million dollars, so I guess the market on those cars still hasn’t returned to anything resembling normal.
Will the E30 M3 drop back down? Well, it can’t stay on this trajectory for long, that’s for sure. Cars have tripled in value in the past two years, a trend which is simply unsustainable. They’re no longer values – they’ve become the absolute top of the 1980s BMW market outside of the ultra-exclusive M1. And why? Don’t get me wrong, the E30 M3 is a cool car. But exclusive? They made 16,000 of them, for goodness sake. Compare that to some other notable BMWs – 450-odd M1s, about the same amount of pre-war 328s, or 250 507s. To put that even into more perspective, BMW made only about 6,000 E24 M6s and a scant 2200 E28 M5s. Rarity isn’t on the side of the M3, but few have ever accused the automobile market or enthusiasts with any sense of sanity, so the climb continues. Now, in my mind there are some E30 M3s that deserve the attention and loftier prices, and the Evolution models have to be one of the most deserving. With a touch more power and a little less weight, the M3 Evolution was closer to it’s track-winning relatives than the standard production M3. As they only made 500 of each run, they’re rare to see – but the market is such that for some who got in at the right time, they’ve reached their stop on the crazy train: