Photograph Courtesy Gooding & Company
Sure, all the cool kids drive rad-era cars now, but it’s not getting any cheaper for any of us: Gooding & Company just sold a 1988 BMW M3 for $151,200.
One of BMW’s most sought-after, motor sports-derived models, this 1988 #BMW #M3 has #SOLD well over its high estimate for a solid $151,200! #AmeliaIslandAuction #GoodingAmelia #Rudyfied pic.twitter.com/GdptO2ocTI
— Gooding & Company (@goodingandco) March 4, 2022
The estimated selling price of said M3? $90,000-$120,000–without reserve.
Mileage was low, at around 56,770 miles, but does that alone explain the high selling price?
I can't say I'm too surprised by the result, but I find it interesting it sold well over what Good & Company expected it to sell for.
I'd say it's a case of having the means and wanting what you want.
Did car people by this or did speculators buy this....
David S. Wallens said:
QFT
Was it a US spec car, or maybe one of the european evo 1/2/3 cars? They go for a lot more money.
Have you seen the restomod e30 M3 being sold by Redux in the UK? They are having the cars built by Retropower, and are sort of an optimized version with lots of carbon fiber body panels, etc. You can see a video of it on the Retropower YouTube channel. They sell for around half a million dollars.
In reply to stuart in mn :
Pretty sure it was a US spec car with 56k miles.
Noddaz said:Did car people by this or did speculators buy this....
Not sure there is any room left to speculate anything there ...
Dad had one new back in '87. One of the first in the Midwest, in Alpine White. I was 16, and drove it like a typical jerk whenever I could. It was firm, had a deep rumble you could hear a block away, and wasn't very fast unless you really wound it out. My dad used to hunt down Mustang 5.0s on the highway, challenge them, and drop it into 3rd gear to race.
They never sold well back in the day. They never even made the cover of car magazines. Americans didn't appreciate the racing purpose behind them, and despite their boy-racer looks with flares and spoilers, their (excellent) engines were de-tuned enough for common consumption to not offer much of an advantage over the contemporaneous 325i with the larger, smoother 2.5L 6 cylinder m20 engine.
Nader said:Dad had one new back in '87. One of the first in the Midwest, in Alpine White. I was 16, and drove it like a typical jerk whenever I could. It was firm, had a deep rumble you could hear a block away, and wasn't very fast unless you really wound it out. My dad used to hunt down Mustang 5.0s on the highway, challenge them, and drop it into 3rd gear to race.
They never sold well back in the day. They never even made the cover of car magazines. Americans didn't appreciate the racing purpose behind them, and despite their boy-racer looks with flares and spoilers, their (excellent) engines were de-tuned enough for common consumption to not offer much of an advantage over the contemporaneous 325i with the larger, smoother 2.5L 6 cylinder m20 engine.
More proof that Americans are idiots.
In reply to maj75 (Forum Supporter) :
A lot of now-famous cars didn't sell well at the dealership. See also: M3 LTW, M coupe, Cobra, DeLorean. I know, right?
I remember when I was about 18 so 1998 or so seeing these in a "10 best cars under 10,000$!" Article in road and track or automobile or something.
In reply to joey48442 :
I bought mine in 1994 for $9995 from a Saab dealer.
In reply to akylekoz :
Nice.
Also, I was a freshman in 1988. A classmate once dropped me off at my dorm in one!
I had a pair of Chuck Taylors.
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