We may no longer be able to day dream about owning an E30 M3, but we can at least take a moment to pause and reflect that we’ve been observers of one of the most insane rises in values ever. According to Hagerty, over the last 5 years Councours and Excellent values have increased fivefold, while Good and Fair values have merely tripled. If you took $20k out of the stock market in 2011 and bought a nice E30 M3, your money would have performed over 10 times better than staying with Dow Jones. And that’s during the period of huge economic recovery – DJIA was barely 12,000 at the beginning of 2011.
(E30 M3 Values – Concours, Excellent, Good, Fair)
(Below, the black line is the DJIA)
With that in mind, we must accept that even extremely high-mileage E30 M3s like this 1988 Hennarot example are reaching $40k. It spent almost all of its life with an older woman in SoCal, being well cared for with a high quality repaint in 2009. The current seller is just the second owner and has allegedly owned over 60 BMWs, including 2 other E30 M3s. His fiancée is making him get rid of it (but he’s keeping the new M6, 1M, and 330i ZHP…). It doesn’t sound like money is an issue here and I’m sure the $38.5k asking price is more than he bought it for. But even if E30 M3 appreciation slows down, wouldn’t it still be worth it to pay for a storage garage and let it make you money?
Ahh, red E30 M3s. Sure, these boxy bulldogs look good in just about any hue, but red as a symbol of lust and speed is not the exclusive property of the Italians. Red also plays an interesting part in the E30 M3’s history, as the striking, orange-tinted Hennarot was discontinued after one year in the US and supplanted by Zinnoberrot, a deeper and more classic hue. Both are beautiful in their own right, but Hennarot’s intensity and rarity has elicited more fandom and desire in an already-vociferous market.
Today we have two beautiful M3s from the same seller and in the same price range, each a shining example of its chosen red with a couple of unique touches.
Today we have a nearly immaculate survivor of the best E21 model BMW brought to America. With some handling and cosmetic upgrades, the 320is was a tidy little package. It’s amazing that after 32 years and 117k miles this Hennarot example looks as showroom fresh as it does. The paint, chrome, interior, engine bay, and even the toolkit all look virtually unused. The E21 generation has its own distinct charm, a bit more quaint than the E30 but still a playful little sports sedan, and this is among the best examples we’ve seen.
I’ve recently been on a bit of a kick enjoying the looks of the BBS Mahle wheels. I’m not entirely sure why they appeal more to me today than they did last week, or last year, or even when my father had a set on his 1982 BMW 633CSi two decades ago. Then, I felt they looked outdated and undersized and really preferred the looks of the RS wheels he later placed on the CSi; but there’s a certain purity about the original design that I really like. Generally associated with the E9 and E24 models, the BBS Mahle wheels also made an appearance on the E21 320is. Today’s example is stunning in Henna Red with claimed original condition and lower mileage; but does that support the high asking price?