The E34 M5 may be the least-loved of the breed, but who is going to argue with a 3.9 liter stroker S38? I adore my S38B35, and the thought of a torquier, gnarlier Dinanified inline-6 with an extra pint of volume makes me tingle. This Calypso Red M5 has made the rounds, first selling on BaT in 2012 for a relative pittance before spending the last year-plus trying to spin a profit. The speculative seller has repainted it but accrued fewer than 1k miles, making clear his intentions to cash in on a rare, tuned M-car. The reality that E34s aren’t appreciating like E30s or E38s has apparently begun to set in, as he’s asking now asking $6,500 less than in 11/2014. If you’re looking for a monster E34, this is probably the way to go. But when you could be getting an E39 with 60 more horsepower and a generation newer everything, does anyone like the E34 enough to pay the premium? I’m guessing the seller is going to have to have more patience or less pride before this M5 can start spinning its wheels again with a real driver.
-NR