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David S. Wallens
David S. Wallens Editorial Director
12/29/20 9:24 a.m.
feature_image

Le sigh. BaT brought in $105,520 for this 33k example. 

Read the rest of the story

wvumtnbkr
wvumtnbkr GRM+ Memberand PowerDork
12/29/20 9:40 a.m.

It seems like just 10 or 15 years ago these were 20k at most cars.  Am I mis-remembering that?

 

Cool car, but not 1 hundo k cool.

I love that car, but Gol Dang!

David S. Wallens
David S. Wallens Editorial Director
12/29/20 9:52 a.m.
wvumtnbkr said:

It seems like just 10 or 15 years ago these were 20k at most cars.  Am I mis-remembering that?

 

That's how I remember it, too. 

mfennell
mfennell Reader
12/29/20 10:06 a.m.

My friend paid $9500 23 years ago for the mint '88 he still owns.  Black/gray.  <50k miles.  20 years ago I passed on a ratty $5k example.  

I find them neat but never really "got" it.  I apparently drove the '88 years ago but don't actually remember.   My friend says I told him it was slower than I expected.  :).

Olemiss540
Olemiss540 Reader
12/29/20 10:28 a.m.

If you don't think low mileage museum pieces (e30m3's) aren't deserving of 6 figures than you are not following the crazy market for pretty much everything the last 5 years. 

Bucket list car for CERTAIN, but hopefully with an s54 installed in place of the s14. Had my chance at one for 12k (was wrecked in the rear quarter) back 12 years ago or so. Damn.

nderwater
nderwater UltimaDork
12/29/20 10:35 a.m.

Back when I was into E30's i often wondered 'what's the big deal?' because my lightly modded 325is seemed just as capable as the E30 M3s, but were better to drive because of the inline six's extra torque. The way-faster E36 M3 was the car of that day to have at HPDEs and the E46 M3 that was on the horizon was in a whole different league of performance.   Through that lens I couldn't really understand the love for an old car that seemingly underperformed.  These days (two decades later) I love the looks and I love the history, but I'll never own one at today's prices.

CyberEric
CyberEric Dork
12/29/20 11:39 a.m.

Oh man. This is... sigh.

I am a pretty big BMW fan, but that’s crazy. I test drive one about 13 years ago. They are kinda cool for 15k, but that’s it.

Is this the world’s slowest $100k sporty car?

jr02518
jr02518 HalfDork
12/29/20 11:41 a.m.

I think the expression is "well sold".

I have a E30 of a different ilk, mine is a older NASA GT2 build with stock fenders and a M-50 under the hood.  No more wheel to wheel for this one, just for weekend drives.

 

Nice to see its M3 cousins hitting 6 figures.

mr2s2000elise
mr2s2000elise UltraDork
12/29/20 12:08 p.m.

I LOVE BAT buyers more than my wife and mother combined! 
 

the current economy is amazing! Everyone who is able to take advantage is happy as a clam 

codrus (Forum Supporter)
codrus (Forum Supporter) GRM+ Memberand UberDork
12/29/20 12:28 p.m.
CyberEric said:

Oh man. This is... sigh.

I am a pretty big BMW fan, but that’s crazy. I test drive one about 13 years ago. They are kinda cool for 15k, but that’s it.

Is this the world’s slowest $100k sporty car?

Nah, a Ferrari 308 is slower than an E30 M3.

 

CyberEric
CyberEric Dork
12/29/20 1:11 p.m.

In reply to codrus (Forum Supporter) :

Good point! Although a quick search finds a lot of 308s for way less than 100k, but that’s true for E30 M3s too.

kb58
kb58 SuperDork
12/29/20 1:17 p.m.

It could be worse - you could have a gutted-out M3 track car that's worth maybe 5-10% of what it would have been had you left it alone.

akylekoz
akylekoz SuperDork
12/29/20 1:51 p.m.

My personal E30 M3 history, paid $9995 for one as a fresh trade in at a Saab dealer, not even dealer prepped.  This was in about 1995-96, fifteen years and 60k miles later I sold it for $8k.  Two months later it was dubbed the next collectible.  In todays market It would have been a solid $40-50k car.   

codrus (Forum Supporter)
codrus (Forum Supporter) GRM+ Memberand UberDork
12/29/20 2:18 p.m.
akylekoz said:

My personal E30 M3 history, paid $9995 for one as a fresh trade in at a Saab dealer, not even dealer prepped.  This was in about 1995-96, fifteen years and 60k miles later I sold it for $8k.  Two months later it was dubbed the next collectible.  In todays market It would have been a solid $40-50k car.   

Don't beat yourself up over financial decisions made 25 years ago.  At least, if you're going to do that look at AAPL stock instead.  $0.33 cents (split adjusted) in 1995, $135 today.  That $9995 would be over $4M, and you wouldn't have had to pay for registration, insurance, storage, or maintenance along the way. :)

 

Placemotorsports
Placemotorsports GRM+ Memberand HalfDork
12/29/20 2:27 p.m.

Old friend of mine that was a bar tender at Chili's used to have one and parked it along the street.  It wasn't on the best of shape but still could bring a pretty penny these days

chandler
chandler UltimaDork
12/29/20 2:53 p.m.

I was offered a wrecked race car for $900 by a guy who swapped all the good stuff into a different chassis with all the stock stuff going with it. I had just bought an e28 M5 and didn't want to mess with it. 
 

edit: this was 02-03 somewhere 

dyintorace (Forum Supporter)
dyintorace (Forum Supporter) GRM+ Memberand PowerDork
12/29/20 3:00 p.m.

Sold my '88 with 105k in 2003 for $12k. indecision

Pete. (l33t FS)
Pete. (l33t FS) GRM+ Memberand MegaDork
12/29/20 3:05 p.m.

Box flares do, in fact, make everything awesomer.

stuart in mn
stuart in mn MegaDork
12/29/20 3:18 p.m.

They need to be viewed in context with their era...sure, by today's standards they are slow, but that wasn't the case in the 1980s.  Also, remember the street version was mainly meant to homologate them for racing.

For that matter, one could say they're undervalued when there are cars like VW 23 window vans that sell for even higher prices.

Olemiss540
Olemiss540 Reader
12/29/20 3:20 p.m.
Pete. (l33t FS) said:

Box flares do, in fact, make everything awesomer.

Agreed. Weird how I feel like if it was some rando Volvo with chinese box flares all of these idiots would be pondering if it was worth 200k. BMW tho? Nope.

Pete. (l33t FS)
Pete. (l33t FS) GRM+ Memberand MegaDork
12/29/20 3:41 p.m.

In reply to Olemiss540 :

But this isn't a rando Volvo, it's a low production Group A homologation car, from back when that meant something.

dean1484
dean1484 GRM+ Memberand MegaDork
12/29/20 4:08 p.m.

This just made clones of that car worth building.

adam525i (Forum Supporter)
adam525i (Forum Supporter) GRM+ Memberand HalfDork
12/29/20 4:23 p.m.

I feel like EAG has been selling these for more than 100k for a while now.

http://enthusiastauto.com/qsearch/?form_request=56&action=results&showres=1&1268_0=18&selLevel_1268B0D=1&selLevel_1268B1D=18&1574_0=1

Heck, they've even got an E28 listed for almost 200k (Alpina B7 Turbo)

http://enthusiastauto.com/qsearch/?id=5829&form_display=51

Slippery (Forum Supporter)
Slippery (Forum Supporter) GRM+ Memberand UltraDork
12/29/20 4:52 p.m.
dean1484 said:

This just made clones of that car worth building.

Its not just simple swap of parts to a regular e30. I don't think you can properly clone one for that money. 

Almost every body panel is different, including bonded windows for extra rigidity. Suspension, and the engine itself is worth a pretty penny. 

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