M5 Prices

[tschultz]

You must host them on an external website and then post it on here.

[NZfiver]

Here's one with half the mileage for $25k.
http://www.ebay.com/itm/251338804573?fo ... SS:US:3160
No service records (!) and needs plenty of cosmetic work - why would anyone present one of these for sale with a missing badge/emblem on the wheel center cap?
I think if all the cosmetic stuff was done and it had a fresh service, it might be worth the asking price.

[1st 5er]

How can I insert pics of the car? or do they have to be URL linked to view?

Thanks to Peter... http://e28-535i.com/upload/ubr_file_upload.php

[KRsM5]

Just sell your home and buy this one...would be really crazy if somebody pays 6 figures for an M5, no matter how museum-quality. Yikes!

http://www.ebay.com/itm/BMW-M5-M5-1988- ... ars_Trucks

[rmorin49]

Just sell your home and buy this one...would be really crazy if somebody pays 6 figures for an M5, no matter how museum-quality. Yikes!

http://www.ebay.com/itm/BMW-M5-M5-1988- ... ars_Trucks

Reduced $30K. http://www.ebay.com/itm/1988-BMW-M5-ORI ... 94?vxp=mtr

[NZfiver]

The Henna Red SA-built DC98 M5 (ex-Australia) has been sold for GBP55k.
http://www.munichlegends.co.uk/componen ... ew,detail/

That's equivalent to around $US89k, for a 30k mile, truly immaculate M5.
See the October 2014 issue of BMW Car magazine for an article on this stunning machine.

[Freude am Fahren]

It's now official, my 1988 US M5 is now on a trailer from Orlando to California.
The car has about 175K original miles on it. I found it on craigslist. Everything is stock except the shift knob. All VINs matching, no accidents and plenty of maintenance record from the previous owner for 10 years. I paid 8.5K for it, asking price was 11K.

[Pistonbroke]

Hey guys,
I've been popping in and out of this thread for some time now and thought i'd throw this into the mix.
1986 BMW M5, 106,884 klm. Yours for only $109,950
http://www.carpoint.com.au/all-cars/dea ... 9133&Cr=98
Not sure what the seller's been smoking but I'll have some.





Me? I've just got a lowly Euro Alpine White M535i, 275,000 klm.

[indycar89]

It's now official, my 1988 US M5 is now on a trailer from Orlando to California.
The car has about 175K original miles on it. I found it on craigslist. Everything is stock except the shift knob. All VINs matching, no accidents and plenty of maintenance record from the previous owner for 10 years. I paid 8.5K for it, asking price was 11K.

Congrats! Please show some pics.

[bdog]

I just sold mine an hour for 13K ago and a suffering regret. The past day polishing the bird and standing back.....i'm an idiot.
BK

[funfunfer]

.....i'm an idiot.
BK

Oh, probably not. There must have been a reason to sell, right?

[xgrudgex]

I purchased a Canadian black/black car that was in the Classifieds a month or so back for $5500. Currently going under the knife for euro bumpers. Deals are still there to be had I guess. Selling off another M5 with a blown engine along with a parts M5 to a friend for same $5500.

I just sold mine an hour for 13K ago and a suffering regret. The past day polishing the bird and standing back.....i'm an idiot.
BK

Bdog, can you post pictures of the car you just sold? I'm curious. Thanks

[Mark 88/M5 Houston]

224+K miles freshened up E28 M5 on BAT weekly auction with bidding at $11,400 with five days to go.

http://bringatrailer.com/auctions/

[Freude am Fahren]

224+K miles freshened up E28 M5 on BAT weekly auction with bidding at $11,400 with five days to go.

http://bringatrailer.com/auctions/

Sold for $15,250

[NZfiver]

This one is possibly more realistically priced, although it's been modified to Euro look, & needs the bigger headlights IMHO.
http://www.mye28.com/viewtopic.php?f=14&t=134033

[rmiddendorf]

I'll just leave this here:

https://www.hagerty.com/valuationtools/ ... t?vbe=9262

[rmiddendorf]

Here's another good one:

http://bringatrailer.com/listing/1988-bmw-m5-2/

60k mile, xlnt cond, sold for $42,950

I know Eric Keller at Enthusiast Auto has been burning through some in the $80-120k range.

[L_N_Love]

http://enthusiastauto.com/qsearch/?form ... 2&1574_0=1

[JoeLoco]

Yep. They aren't getting any cheaper.

Regular e28 535s are fetching high teens overseas. M635s and M5s are mid-forties and up over the pond, and up to 66 grand here in the States.

A 25k mile, 1988 M6 recently brought 66k in Oklahoma. Granted, it was flawless.

As enthusiasts get old enough to afford these cars, they are significantly climbing in value. People who once said, "One day!" are now old enough to afford these cars, and the prime examples will demand a premium.

Just a few years ago, you couldn't give away an M635csi, even with a free $10,000 hooker in the passenger seat. Now folks are yearning for the days when BMWs were attached to the tarmac, were devoid of computerized steering, and the cars actually had a soul.

Newer 6ers and 5 series are crammed with electronics and "features" your average real estate agent would love...Unfortunately, they are heavy, large, and lack the feeling the e23, e28 and e24 bring to the senses.

Driving is sacred to some of us. Maps, Bluetooth, iPods and 75 loudspeakers may sell cars on the showroom floor, but they do little for the experience of actually driving.

There is good reason the original M cars are fetching more than the newer models. Passion for driving and exclusivity. Only a scant few remain in either flavor of M car. Even fewer unmolested examples with all records exist, ready to drive.

[oldskool]

Yep. They aren't getting any cheaper.

Regular e28 535s are fetching high teens overseas. M635s and M5s are mid-forties and up over the pond, and up to 66 grand here in the States.

A 25k mile, 1988 M6 recently brought 66k in Oklahoma. Granted, it was flawless.

As enthusiasts get old enough to afford these cars, they are significantly climbing in value. People who once said, "One day!" are now old enough to afford these cars, and the prime examples will demand a premium.

Just a few years ago, you couldn't give away an M635csi, even with a free $10,000 hooker in the passenger seat. Now folks are yearning for the days when BMWs were attached to the tarmac, were devoid of computerized steering, and the cars actually had a soul.

Newer 6ers and 5 series are crammed with electronics and "features" your average real estate agent would love...Unfortunately, they are heavy, large, and lack the feeling the e23, e28 and e24 bring to the senses.

Driving is sacred to some of us. Maps, Bluetooth, iPods and 75 loudspeakers may sell cars on the showroom floor, but they do little for the experience of actually driving.


There is good reason the original M cars are fetching more than the newer models. Passion for driving and exclusivity. Only a scant few remain in either flavor of M car. Even fewer unmolested examples with all records exist, ready to drive.

Exactamundo Fonzie.

[1st 5er]

Glad ours came along when it did.

Lookin'...

[tschultz]

As I suspected, the E28 M5 values have risen following the E30 M3, but they seem to have dramatically sky-rocketed more than most of us probably even anticipated. People realize these are neat cars to drive, and they are getting harder and harder to find.

I was surprised to see the sale price of this car:

http://www.ebay.com/itm/1988-BMW-M5-/17 ... 7675.l2557
http://bringatrailer.com/2016/03/29/rou ... o-reserve/

Interestingly it came from Greeley, CO to UT but was sold at $17,800 and was in need of front seats, dash, hail damage repairs, idle/mechanical work, new tires, among other small items. Overall a car that would have sold for probably $6000 about 5 years ago. You can't always tell the 'floor' of rising markets, but I think this gives some indication that the days of a running and driving $10k E28 M5 are gone.

After reading the BAT comments for this car, it seems that in rising markets such as this, people get mesmerized by the upward trend and tend to want to buy now because "very soon I won't be able to afford it at all." Of course this creates more competition and fuels the fire of demand, driving the market up further yet.

[downforce22]

it seems that in rising markets such as this, people get mesmerized by the upward trend and tend to want to buy now because "very soon I won't be able to afford it at all." Of course this creates more competition and fuels the fire of demand, driving the market up further yet.

Sounds like what happened to the tech bubble in the stock market in the early 2000s. I am not saying that will happen to classic M cars are they have an inherent value that cannot be replaced these days, but it is interesting to compare the mind set of 'I won't be able to afford it if I wait any longer'

[trkshoe]

it seems that in rising markets such as this, people get mesmerized by the upward trend and tend to want to buy now because "very soon I won't be able to afford it at all." Of course this creates more competition and fuels the fire of demand, driving the market up further yet.

Sounds like what happened to the tech bubble in the stock market in the early 2000s. I am not saying that will happen to classic M cars are they have an inherent value that cannot be replaced these days, but it is interesting to compare the mind set of 'I won't be able to afford it if I wait any longer'

M5 - Hard asset
Stock - Fictional

[JoeFromPA]

M5 hard asset with limited and decreasing numbers available.

Stock - Fictional asset, frivously determined on numbers available and numbers available readily change.

I could be wrong, but I'm not aware of any german vehicle driven up in price that has come back down AFTER it's rise (to date). It may have stabilized, or even fluctuated around a high point, but when I think of various Porsche 911s and BMWs and Mercedes of desirable years/models, I can't think of any that skyrocketed then plummeted.

I'm sure a case can be made though.

I think the e28 m5 is currently at it's peak, but e30 m3 prices have proven me wrong.

Lastly, to caveat my comments, there is a new force in the market: EAG. They didn't have such market force on rare BMWs 5-10 years ago, but now they will snap up clean models and drive up the prices 40% and keep doing so - even moreso- until the market breaks. That is somewhat unique and an unknown factor in the long run.

[socalM5]

Hagerty just released this month values for the 1988 BMW M5 went up a little bit looks like it's still going up but very slowly

[M5BB]

Just raised my value to $48000.
Should have done this months ago and should probably be higher.

Going to Hilton Head this weekend about 6 hours.

[Rich Euro M5]

I thought I'd jump in to this thread since I've been watching M5 prices lately. I still have my '85 Euro, it's in the same place it's been for the past 14 years, my garage. Now that the weather is getting cooler, it's time to start working on her, and to stuff the engine back where it belongs.

Some stats for those who don't know the car.
'85 BMW E28 M5
SN: 1018034
Diamond Schwartz w/ Buffalo interior
Mileage: Approx. 107K Miles

Richard

[bobby in Derby City]

Always loved your insight Rich. 14 years makes me feel better about my M3 coming up on 6 years sitting ... Yours and "Bryan in SB" Fjord Blue are the first Euro M5s I remember about being in the states ... Yours from the old board ...Then again there is always "Tim the Enchanter" ... Greetings ... Looking forward to your "next" Maiden Voyage .... Double row timing chain FTW

I thought I'd jump in to this thread since I've been watching M5 prices lately. I still have my '85 Euro, it's in the same place it's been for the past 14 years, my garage. Now that the weather is getting cooler, it's time to start working on her, and to stuff the engine back where it belongs.

Some stats for those who don't know the car.
'85 BMW E28 M5
SN: 1018034
Diamond Schwartz w/ Buffalo interior
Mileage: Approx. 107K Miles

Richard

[1st 5er]

From Luis.