Bring a Trailer Auctions, E30 edition

[Dj Buttchug]

..not to mention there is a lot of "regulars" now posting cars in the Auctions. Too many auctions and too little unique/rare/crazy car "articles."

Was thinking this sort of as well... Interested to see the outcome of the 318i tho.

[2mAn]

$6,250 for the 4door M10 car

[Nader393]

BaT, in my opinion, is going through some growing pains. With 50 or simultaneous auctions, I imagine it gets hard to officiate them all closely, reading every comment.

The heavy scrutiny the cars undergo, sometimes by experts in a marque, attracts serious buyers who don't seem to mind paying a premium for that extra service. Like that white 70's Alfa GTV that recently sold for $57K. It was listed on eBay a couple weeks before BaT and missed reserve even at a highest bid of $52K. Seller is an acquaintance of mine (we're both heavy into Alfas), and he said the BaT buyer turned out to be, I'm not kidding, a financier from the east coast with a net worth in 100s of millions. On a buying spree of clean classic cars of his youth. Disclosed to him that he would have paid anything for that car.

BTW, that seller of the GTV, now obviously flush with cash, is looking for a pristine, low-mileage stock e30 to use as a daily driver. So he bid $5K on that black 318. Simply because of it checked those boxes I mention. I reminded him how slow and un-optioned that car is, but he wants what he wants.

If you know of such a clean e30 (not necessarily slow and un-optioned), let me know and I'll pass it on to him. I told him about this site's classifieds, but he's not keen on it yet.

[E30 Wagen]

http://bringatrailer.com/listing/1988-bmw-e30-m3-6/

Wow, I bet this one goes for over $50k.

[djjerme]

I am curious to see what that Trackday (BRO) M3 goes for today.

Threw an opening bid on the Diesel. Why not..

[2mAn]

I am curious to see what that Trackday (BRO) M3 goes for today.

Threw an opening bid on the Diesel. Why not..

$324 haha :up:

I think the racecar M3 will still get close to 30k, if not more. Im sure many people are thinking they can get a bargain on this one, but I would be blown away if it doesnt sell for at least 25

[djjerme]

Yeah, when I checked this morning and it was still at 13K, I about shiate myself.

Was seriously considering pulling some money out of the 401k.. LOL

[2mAn]

Yeah, when I checked this morning and it was still at 13K, I about shiate myself.

Was seriously considering pulling some money out of the 401k.. LOL

Might not be a bad idea. It still has a numbers matching S14.

**As a Series 7 Licensed person, I cannot actually recommend pulling money from your 401k to buy a car with ***

[reelizmpro]

Yeah but that's about it. Had repaired frame damage front left and accident damage in the rear right. Rust repair. No interior, full rollcage, lexan windows, etc. The car is pretty much committed to the track and few people will pay a premium for that anymore. I think the last few track cars sold for around 25k, IIRC and people are still trying to convert them back.

[djjerme]

**As a Series 7 Licensed person, I cannot actually recommend pulling money from your 401k to buy a car with ***

You mean like take some money out of an IRA to purchase an E30, and show a net loss for the year. Nope, never done that.

But considering how the market has been, it's not a bad investment option.

;)

I don't get the whole, buying a race car and trying to convert it back to the street. It's like taking a hooker and saying "hey, if we surgically repair your hymen, you are can be a virgin again." Once you go race car, they are treated like a tool and beat to hell. (OK, that didn't come out right.)

Plus, to me, it's depressing to see a racecar turned back in to a street car.

[2mAn]

But as a track car, it is something that it can be in a class that it could be quite competitive in, in the right hands (though I have to double check the rules book honestly).

Being a track car, you can push it since its already been beat and repaired. Making it a street car again would be silly

[markseven]

**As a Series 7 Licensed person, I cannot actually recommend pulling money from your 401k to buy a car with ***

Not this one, anyway.

[markseven]

You mean like take some money out of an IRA to purchase an E30, and show a net loss for the year. Nope, never done that.

But considering how the market has been, it's not a bad investment option.

;)

I don't get the whole, buying a race car and trying to convert it back to the street.

The only upside is if was seam welded.

[djjerme]

wow.

I mean, wow.


Some one got a deal.

[markseven]

wow.

I mean, wow.


Some one got a deal.

^ right???

I bet the seller reneges.