Enthusiasts as of late have complained that the “M” brand has been diluted; it’s now possible to get “M” styling bits on just about every variation of BMW, making them both much more common and a little less special to see than the “true” M cars from the 1980s. Well, the reality is that BMW has been doing this all along; one of the best early examples of this is the E28 M535i. Effectively a continuation of the thought behind the E12 M535i, the E28 version was effectively mechanically identical to the normal production 535i. It carried the same either catalyst or un-smogged M30 producing between 180 and 218 horsepower, depending on the version. The brakes, suspension and transmissions were all seen on other models, too. But outside, the M535i got the M-Technic body kit and special TRX wheels that helped to set it apart from the normal E28s. At the end of the day, though, the M535i was mostly an appearance package; a M5-light, if you desired. But, they’ve got “M” associated with them, they’re a 1980s BMW, and they were fairly limited production; in the case of today’s example, it’s one of roughly 1,000 “DC89” Japanese market models that were automatic only. It’s no surprise, then to see strong bidding on a car that isn’t even in the U.S. yet: