Discussion
E30M3SE said:
Silverstone Classic auction sat 25/07/15
https://www.silverstoneauctions.com/1986-bmw-e30-m...
and from what I saw the 'restoration' was a little lacking in detail.
£37k !!!https://www.silverstoneauctions.com/1986-bmw-e30-m...
and from what I saw the 'restoration' was a little lacking in detail.
And wasn't the mtech2 steering wheel available from '89 on?????? I'm sure this car has been through this auction house already in the last year or so...
E30M3SE said:
Silverstone Classic auction sat 25/07/15
https://www.silverstoneauctions.com/1986-bmw-e30-m...
and from what I saw the 'restoration' was a little lacking in detail.
I would second that comment. I have seen this car in the flesh, and no way is it worth £37,000 plus commission. Someone that knows very little about E30 m3's obviously bought it.https://www.silverstoneauctions.com/1986-bmw-e30-m...
and from what I saw the 'restoration' was a little lacking in detail.
Edited by E30M3SE on Sunday 26th July 20:36
Just because it's shiney doesn't mean it's good. The fools money always rushes in at the last minute just before the bubble bursts.
I thought it looked a good car with sensible miles and on the face of it, £10-15k of recent expenditure, although, the sale price does seem a little on the high side. I''m less puzzled about people paying £38k for good cars and more puzzled about people paying low to mid 20's for some of the rubbish that's been on offer this year.
I suppose the reality is that there are no good sub £20k cars any more and if a car needs an engine / gearbox rebuild, body / paint repairs, plus new brakes, suspension, exhaust and wheel / tyre refurb, you can easily end up with a car which has stood you £40k but is far from perfect (an engine rebuild is just that, an engine bay detail to show quality standard replacing anything worn, corroded, tarnished or unsightly is another matter). Also, a car needing this type of stuff will probably need some of the less sexy but equally expensive stuff like the seats, carpets, rubbers and lights replacing - these all add up. Against these potential restoration costs, I (as a non-technically gifted enthusiast) can see the appeal of the more expensive car which is good but not perfect.
It's interesting the difference a year makes. I was interested in the ex JK car (the red UK Evo 2 with 77k) last year which was up for the same money. Which would you prefer ?
Also, I believe the price quoted to be the price inclusive of buyers premium.
I suppose the reality is that there are no good sub £20k cars any more and if a car needs an engine / gearbox rebuild, body / paint repairs, plus new brakes, suspension, exhaust and wheel / tyre refurb, you can easily end up with a car which has stood you £40k but is far from perfect (an engine rebuild is just that, an engine bay detail to show quality standard replacing anything worn, corroded, tarnished or unsightly is another matter). Also, a car needing this type of stuff will probably need some of the less sexy but equally expensive stuff like the seats, carpets, rubbers and lights replacing - these all add up. Against these potential restoration costs, I (as a non-technically gifted enthusiast) can see the appeal of the more expensive car which is good but not perfect.
It's interesting the difference a year makes. I was interested in the ex JK car (the red UK Evo 2 with 77k) last year which was up for the same money. Which would you prefer ?
Also, I believe the price quoted to be the price inclusive of buyers premium.
There's no doubting it is pretty easy to burn through cash just bringing stuff up to par. Even relatively cheap parts, such as HT leads, cap, rotor arm, plugs, fuel filter & pump etc will be a £1k, let alone remedying any rust or paint issues. It's worse when tasks like that are just hurriedly done for the purpose of a sale though. There was a black car on eBay recently, that was given a quick bit of (poor quality) paint etc and listed for almost double the price. It was advertised as being "mint condition" despite a cracked screen and wood screws holding the under dash panels in place! Whoever bought that at £27k+ has some pretty expensive bills heading their way! Their car will always be known as the one which has lashed up for a quick sale too, unless they lose that registration number?!
Anyone buying an E30 M3 would be foolish not to have it thoroughly checked out, unless they know their way around E30's themselves. I guess that's always been true, but even more so now values play such a big part? It does seem more and more unlikely that one might get into a decent car for less than £30k nowadays.
Anyone buying an E30 M3 would be foolish not to have it thoroughly checked out, unless they know their way around E30's themselves. I guess that's always been true, but even more so now values play such a big part? It does seem more and more unlikely that one might get into a decent car for less than £30k nowadays.
Paracetamol said:
5 to 6 grand spent on the red silverstone e car would make it a near perfect car. Nor bad at 42k for a nut and bolt rebuilt car.
Would it? The engine looks strange...it has a viscous coupling attached to a fan on the engine side of the radiator which suggests it's a U.S. spec engine, although it is supposed to be a German delivered early car. The cover on the HT leads suggests U.S. engine also.Don't get me wrong, it's not a bad car but it could have been so much better. Lots of details are wrong about the car. Collectors want provenance and originality, there are too many question marks about that car to part with £37000 or even £42,000 when a good original car with a known pedigree can be bought for the same money.
Not a bad car but not worth the money.
Strugs said:
Which seeing as they bought it for less than £13k, botched it, and flipped it, probably isn't a bad return for them..
The seller actually bought the car for round 23k from Chesham so I have been told, if this is the case then they have taken a small hit on it 
It was the traders from Chesham who had originally bought the car for around 12-13k and tarted it up then put it on sale for 28k.
Bayerische said:
Paracetamol said:
5 to 6 grand spent on the red silverstone e car would make it a near perfect car. Nor bad at 42k for a nut and bolt rebuilt car.
Would it? The engine looks strange...it has a viscous coupling attached to a fan on the engine side of the radiator which suggests it's a U.S. spec engine, although it is supposed to be a German delivered early car. The cover on the HT leads suggests U.S. engine also.Don't get me wrong, it's not a bad car but it could have been so much better. Lots of details are wrong about the car. Collectors want provenance and originality, there are too many question marks about that car to part with £37000 or even £42,000 when a good original car with a known pedigree can be bought for the same money.
Not a bad car but not worth the money.
Agree though that there is nothing better than an original historied and mollycoddled car..but where are they to be found these days and I bet even these will start to rust etc
Are they worth silly money?
It's worth whatever someone is willing to pay for it - sure there are people hopping in not knowing a thing about the car but if they are in it for the long term it matters not. Also you maybe have some buyers who don't know what's a good one or bad one but had it as a poster car when growing up it looks good they buy it and keep it and enjoy.
It's worth whatever someone is willing to pay for it - sure there are people hopping in not knowing a thing about the car but if they are in it for the long term it matters not. Also you maybe have some buyers who don't know what's a good one or bad one but had it as a poster car when growing up it looks good they buy it and keep it and enjoy.
"It's worth whatever someone is willing to pay for it - sure there are people hopping in not knowing a thing about the car but if they are in it for the long term it matters not. Also you maybe have some buyers who don't know what's a good one or bad one but had it as a poster car when growing up it looks good they buy it and keep it and enjoy"
You've just described me there mate, I've loved these cars forever but didn't know the first thing about them from a buying perspective (although I think I can spot a bad car / bad seller and know when to walk away). Bought two last year at reasonable prices without any inspections which have both turned out to be good cars. Worked on the basis that even if they were dogs, I'd be keeping them for 10 years+ and hardly likely to lose money in the long run. The increased prices are great as it gives me the justification to spend money where it's needed without worrying about it too much.......
You've just described me there mate, I've loved these cars forever but didn't know the first thing about them from a buying perspective (although I think I can spot a bad car / bad seller and know when to walk away). Bought two last year at reasonable prices without any inspections which have both turned out to be good cars. Worked on the basis that even if they were dogs, I'd be keeping them for 10 years+ and hardly likely to lose money in the long run. The increased prices are great as it gives me the justification to spend money where it's needed without worrying about it too much.......
Paracetamol said:
Bayerische said:
Paracetamol said:
5 to 6 grand spent on the red silverstone e car would make it a near perfect car. Nor bad at 42k for a nut and bolt rebuilt car.
Would it? The engine looks strange...it has a viscous coupling attached to a fan on the engine side of the radiator which suggests it's a U.S. spec engine, although it is supposed to be a German delivered early car. The cover on the HT leads suggests U.S. engine also.Don't get me wrong, it's not a bad car but it could have been so much better. Lots of details are wrong about the car. Collectors want provenance and originality, there are too many question marks about that car to part with £37000 or even £42,000 when a good original car with a known pedigree can be bought for the same money.
Not a bad car but not worth the money.
Agree though that there is nothing better than an original historied and mollycoddled car..but where are they to be found these days and I bet even these will start to rust etc
For similar money, I would rather have this.
http://www.carandclassic.co.uk/car/C642414
If you notice this Euro spec car has Air Con and no viscous coupling and fan on the radiator. I have only ever seen that arrangement on U.S. spec cars, which makes me suspicious that the engine in the Henna car is not original.
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