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It was interesting to watch the bidding on the well documented, well presented and nicely modified E36 M3 convertible last weekend. Though theoretically exactly what enthusiasts would want, there was a general lack of bidding resulting in a $11,000 ceiling. Now, admittedly the M3 Convertible isn’t for everyone and you could make an argument that the absence of strong bidding had more to do with the configuration than the history. So, how about the hot E36 model – the “M3/4/5”? And to add some hotness to the already appealing recipe, how about in the rarely seen Byzanz Metallic?
A few weeks ago I wrote up a lightly modified 26,000 mile Dakar Yellow M3 coupe; in that post, I said that the $25,000 asking price was out of line with the market in my opinion. Perhaps it was the mods that really threw me off, but I set out to prove my point the following week by showcasing two original M3s that I thought were better propositions in my “Teens Well Spent” post. Both cars were available in the mid-teens and both highlighted how for about $10,000 less than the asking price of the 26,000 mile example you could get a neat, original M3 still with low miles and in great condition. Well, this week I have two more to once again underscore that point – as the 26,000 mile example continues to languish on eBay with no bids and an unchanged $25,000 asking price, I have a stellar original Dakar Yellow example and a mysterious ’94 Canadian one to consider:
