A 74 BMW 2002tii to be exact, and the hammer price was $71,000. Link here.
I obviously don't know the market. But this has got to be bubble activity right?
A '74, with a respray, and restomod, that sold for $20k in 2009.
A 74 BMW 2002tii to be exact, and the hammer price was $71,000. Link here.
I obviously don't know the market. But this has got to be bubble activity right?
A '74, with a respray, and restomod, that sold for $20k in 2009.
Yeah that doesn't make sense to me and not even a roundie or a Turbo.
My 76 I bought for $2500 that I doubled my money a couple years later in 2007, I still couldn't see it being more than a $5k car to this day. People put strange cars on pedestals sometimes. They are fun little cars but not THAT good.
Last summer I was told by a BMW-specialist resto shop owner that he had two 2002s in the shop at that moment that each had six figures sunk into their restorations.
Yes, bubble activity. The car appeared to be restored to an extremely high standard, and there were a couple bidders who really wanted it. The price curve tends to go up pretty sharply after a point for cars like that.
In 1978 I was a 16-year old in high school and was looking at the car ads and really wanted a BMW 2002. My dad put his foot down and said I couldn't drive until I was 18 years old but I eventually got him to let me get my DL at 16-1/2 years old but he said no car including a BMW until I was 18 years old. I still want that 2002.
I'm good with that. GTV's have historically been higher in value than 2002s.
Could come in handy for retirement if I need it.
An old co worker just sold his 1600 with an almost completed M42 and 5 speed swap. He rebuilt the suspension and brakes and did a lot of cleaning and painting of the little stuff.
Not a driving car, he got $6900 off of ebay a couple weeks ago.
stuart in mn wrote: ...there were a couple bidders who really wanted it.
This. See it all the time at local auctions. Two people (or more) really want something, both get bit by auction fever, and the price goes crazy high.
I knew this was coming. A few years ago the price of vintage racer 2002s doubled. Use to be a good entry level race car, now they are wine and cheese. I don't get it either, but this should give me incentive to finish mine. The cost of some of the resto mod parts are thru the roof. Decent limited slips are in the 700 range. Anything tii is ridiculously overpriced. Somebody should buy mine and double their money, so I can go out and buy another TR8... the poor mans supercar.
This sounds like BMW 3.0 coupe prices.
We all know e30 M3 are/will be high but is this a sign that more common e30s in stock shape will skyrocket?
I bet they will.
Common E30s, that are clean and well maintained/built/swapped, already have been going up in value the last few years.
If you want to buy a really nice, clean swap car (OBD-I S52) with a good suspension/brake/wheels (not XXR and BC coilovers), that has a straight body, etc.
You likely aren't buying one for less than $15k.
Lol... This price makes me laugh.
I paid $100 for my 2016 Challenge BMW 2002. It will look like hell, but run and drive. As of today I am targeting a $0 build budget.
NordicSaab wrote: Lol... This price makes me laugh. I paid $100 for my 2016 Challenge BMW 2002. It will look like hell, but run and drive. As of today I am targeting a $0 build budget.
When you are done, you can make a massive profit.
Actually, I wonder why that's not the idea for many challenge builds. So many classics are out there to become something else and be sold at a big profit.
Few seem to remember the "outrage" of the 2002 that won the 2002 challenge when it sold for over $6000 after the event. I thought it was awesome. And was partially my plan for two GTV's I got. But I got distracted with a former IT car that was the wrong path to take.
Take this news and run. Run to the bank for a secured deposit! 
JohnRW1621 wrote: This sounds like BMW 3.0 coupe prices. We all know e30 M3 are/will be high but is this a sign that more common e30s in stock shape will skyrocket? I bet they will.
z31maniac wrote: Common E30s, that are clean and well maintained/built/swapped, already have been going up in value the last few years. If you want to buy a really nice, clean swap car (OBD-I S52) with a good suspension/brake/wheels (not XXR and BC coilovers), that has a straight body, etc. You likely aren't buying one for less than $15k.
Dad has what is likely one of the cleanest E30 cabrio's in the country. Under 100k miles, no rust, been driven but maintained. We put it up for sale a few years ago and had a really hard time pricing it--the ones with 200k were in California and were around $6,000. The ones here were all around 130k miles, and they were rougher than the California ones and priced between $2,500 and $7,000. We priced high, and it hasn't sold. I'm thinking that is a good thing.
The things hurting it are that its a convertible, and it is a 318 (we only compared prices to other 318 verts)
For that price it would have to have serious racing pedigree. Serious.
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