BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > General BMW News and Cars Discussion
 
Mporium BMW
Post Reply
 
Thread Tools Search this Thread
      08-16-2018, 04:13 PM   #1
Law
Global Moderator
Law's Avatar
United_States
6377
Rep
2,309
Posts

Drives: E90 M3 6MT
Join Date: Jan 2009
Location: USA

iTrader: (1)

Garage List
2011.5 BMW M3  [10.00]
2004 BMW M3  [10.00]
BIMMERPOST
     Featured on BIMMERPOST.com
Update:

Sold for $176,000 at Pebble Beach over the weekend.






We might possibly see this E39 M5 sell for well over six-figures at the Pebble Beach Auctions next week.
This example is literally a time capsule, but I'll let the original posting and photos do the talking:

Quote:
Originally Posted by Gooding & Company
2002 BMW M5
$140,000 - $180,000 | Without Reserve
Chassis: WBSDE934X2BZ99913

Road & Track summed up the enduring appeal of BMW’s E39 M5 in a July 2017 retrospective, saying: “The E39-generation BMW M5, built from 1998 to 2003, has achieved mythical status since it ended production. Even today, this M5 is the sports sedan by which all others are judged, and a lot of enthusiasts would argue that even BMW itself hasn’t bested it.”

The M5 offered here is a remarkable time capsule example and likely one of the lowest-mileage E39 M5s in existence. Finished in Titanium Silver with a Black Nappa leather interior and optioned with fold-down rear seat, ski bag, park distance control, and M-Audio with enhanced bass, the M5 was delivered new to BMW of San Diego and was purchased by Glen Konkle of nearby Rancho Santa Fe. Mr. Konkle, a meticulous BMW enthusiast, acquired two of nearly every car in his collection, one to drive and one to preserve.

Showing only 437 miles at the time of cataloguing, this M5 has been lovingly preserved and maintained by its knowledgeable caretakers. Pre-delivery inspection stickers still remain within the incredibly fresh interior, and the M5 retains its original accessories, including its license plate bracket still in its wrapper, new-car check-in sheet (recorded at five miles), books, and tools. This iconic BMW offers a second chance to the discerning collector who missed purchasing a stunning E39 M5 when new.

Link













__________________
2011.5 E90 ///M3 | 6-Speed Manual | Slicktop | Jerez Black | Fox Red

E9x M3 Press/Media Archives Thread | S65-based Racing Engines Thread
Appreciate 11
Nkc1600.50
sygazelle11091.00
Jason40285.50
ABZ101161.00
dzu118.50
Robin_NL8679.50
JTO245246.50
tsm00764.50
      08-16-2018, 07:22 PM   #2
Dog Face Pony Soldier
2006 TIME Person Of The Year
Dog Face Pony Soldier's Avatar
United_States
9720
Rep
6,445
Posts

Drives: M Sport 335i
Join Date: May 2013
Location: North Jersey

iTrader: (0)

Garage List
2014 335i  [9.74]
I'd rather have a 2019 model.
__________________
Appreciate 23
P111541.50
sdshah849.00
NYAWE60645.00
jwong77319.00
duercos201.00
Kyngofpop676.00
No Boost4019.00
SDPLV493.00
guess2098515.00
DFR76.00
4 Doors1166.50
Robin_NL8679.50
tigermack466.00
akalj12.00
georgere584.50
lofrese1264.00
      08-16-2018, 07:27 PM   #3
Darth One
drunk poster
Darth One's Avatar
United_States
6613
Rep
3,649
Posts

Drives: M4 GTS | E46 M3
Join Date: Jul 2008
Location: FL

iTrader: (0)

Time Capsule E39 M5 Set for Auction at Pebble Beach

He's expecting to get $140k for this? I was watching almost this same car on BaT but in an Individual color and 10k miles...it went for $51k and even with that I was somewhat flabbergasted
Appreciate 2
Germanauto9665.50
Kyngofpop676.00
      08-16-2018, 07:54 PM   #4
dmk08
Gone Fishin’
dmk08's Avatar
United_States
7315
Rep
12,125
Posts

Drives: Walks
Join Date: Jul 2012
Location: Atlanta

iTrader: (19)

Quote:
Originally Posted by glennQNYC View Post
I'd rather have a 2019 model.
New BMWs aint got no soul.
Appreciate 15
10"4946.00
ABZ101161.00
1 AKY459.00
_Mbition105.50
Roundown575.50
stefan2346.50
RPiM52855.50
apascutia172.50
Krism57.00
JTO245246.50
CSanto633.50
DLerner47.00
BMWWorld234.50
      08-16-2018, 07:59 PM   #5
Teeone
Second Lieutenant
United_States
156
Rep
220
Posts

Drives: 2017 M3
Join Date: Jul 2017
Location: Southeast Michigan

iTrader: (0)

I would put a $70k ceiling on that car
Appreciate 3
IanMan382.50
Germanauto9665.50
E9T.two138.50
      08-16-2018, 08:00 PM   #6
Dog Face Pony Soldier
2006 TIME Person Of The Year
Dog Face Pony Soldier's Avatar
United_States
9720
Rep
6,445
Posts

Drives: M Sport 335i
Join Date: May 2013
Location: North Jersey

iTrader: (0)

Garage List
2014 335i  [9.74]
Quote:
Originally Posted by dmk08 View Post
Quote:
Originally Posted by glennQNYC View Post
I'd rather have a 2019 model.
New BMWs aint got no soul.
Fair enough, but if I had six figures to spend on automotive soul I wouldn't be looking anyplace near a 2002 M5.
__________________
Appreciate 12
King Rudi13152.00
cwulffy150.00
NYAWE60645.00
jwong77319.00
Kyngofpop676.00
DS_BMW1570.00
Robin_NL8679.50
tigermack466.00
      08-16-2018, 08:19 PM   #7
10"
Colonel
10"'s Avatar
No_Country
4946
Rep
2,260
Posts

Drives: orange BMW 1M.
Join Date: Jun 2018
Location: world

iTrader: (0)

The second someone starts driving this; it's going to fall apart! Lol

Buying an older car that's not been driven is like buying something with maximal potential to break, be weakened, and be brittle. No thanks.
__________________
don't read this. too late...
Appreciate 4
      08-16-2018, 08:24 PM   #8
SakhirM4
Major General
SakhirM4's Avatar
United_States
10783
Rep
8,852
Posts

Drives: '15 SO M4/'20 Z4 M40i
Join Date: Jul 2014
Location: Austin, TX

iTrader: (0)

Garage List
2020 BMW Z4 M40i  [10.00]
2015 BMW M4  [8.76]
Quote:
Originally Posted by 10" View Post
The second someone starts driving this; it's going to fall apart! Lol

Buying an older car that's not been driven is like buying something with maximal potential to break, be weakening, and be brittle. No thanks.
I have quite a few friends that have E39 M5s and they are not falling apart. They are good cars. Dis you have one that fell apart when you drove it?
__________________
Tejas Chapter, BMW CCA, mem #23915, President 27 years, www.tejaschapter.org
Appreciate 2
gds52886.00
Poiseuille5362.00
      08-16-2018, 08:57 PM   #9
10"
Colonel
10"'s Avatar
No_Country
4946
Rep
2,260
Posts

Drives: orange BMW 1M.
Join Date: Jun 2018
Location: world

iTrader: (0)

Quote:
Originally Posted by SakhirM4 View Post
Quote:
Originally Posted by 10" View Post
The second someone starts driving this; it's going to fall apart! Lol

Buying an older car that's not been driven is like buying something with maximal potential to break, be weakening, and be brittle. No thanks.
I have quite a few friends that have E39 M5s and they are not falling apart. They are good cars. Dis you have one that fell apart when you drove it?
I am referring to older cars that haven't been driven; as I wrote the first time!

Cars that have been driven and maintained are great! Cars that have been stored in garages and never driven? Disaster waiting to happen.
__________________
don't read this. too late...
Appreciate 1
Kyngofpop676.00
      08-16-2018, 09:13 PM   #10
NickyC
Lieutenant General
NickyC's Avatar
17334
Rep
10,596
Posts

Drives: M4 CS. Former G82, x2 F82, F80
Join Date: Nov 2010
Location: Jacked out of my mind

iTrader: (23)

Wood grain oh noes.
Appreciate 3
dmk087315.00
King Rudi13152.00
      08-16-2018, 09:52 PM   #11
Dr. Dre
the doctor
United_States
282
Rep
432
Posts

Drives: E46 M3 Alpine White
Join Date: Dec 2008
Location: CA, Bay Area

iTrader: (0)

On of the most overrated cars I've ever driven. All the controls were just shit. Steering, shifter just terrible. The E60 M5 was such a better car. Once that v10 woke up it was magic. Like some else mentioned, why would you just by the new one for that price.

Shit for that price you could go by a 360 Stradale.
Appreciate 4
NickyC17334.00
NYAWE60645.00
termigni1080.00
      08-17-2018, 05:38 AM   #12
dmk08
Gone Fishin’
dmk08's Avatar
United_States
7315
Rep
12,125
Posts

Drives: Walks
Join Date: Jul 2012
Location: Atlanta

iTrader: (19)

Quote:
Originally Posted by Dr. Dre View Post
On of the most overrated cars I've ever driven. All the controls were just shit. Steering, shifter just terrible. The E60 M5 was such a better car. Once that v10 woke up it was magic. Like some else mentioned, why would you just by the new one for that price.

Shit for that price you could go by a 360 Stradale.
But... it wasnt ugly like an E60 and all manuals. So it wins.
Appreciate 6
sygazelle11091.00
Kyngofpop676.00
termigni1080.00
1 AKY459.00
apascutia172.50
      08-17-2018, 06:52 AM   #13
CSBM5
Brigadier General
CSBM5's Avatar
2696
Rep
3,315
Posts

Drives: 2019 M2 Comp, 2011 M3, etc
Join Date: Nov 2005
Location: Greenville, SC

iTrader: (2)

If anyone is interested in the history of this car, search the M5board using username BigGar and threads he started. This car was one of three extremely well-cared for E39 M5s with very low mileage (back in 2008) that were part of an extensive collection maintained in a large climate controlled facility.

This car sold at an RM auction along with a 2000 model with about 1900 miles back in 2010.

FWIW, EAG sold a 390 (?) mile E39 M5 for $149k about 18 months ago. I seriously doubt anyone that is bidding on this car is worried about a gasket leak or has any intention of actually driving very far.

Pricing on E39 M5s has been growing very strongly for well-kept cars. I owned my 2001 for over 14 years and recently sold it at 66k miles on BaT for $34k ($35,700 buyer cost). My car was garaged 24/7 since new, almost never in rain, never in bad weather, and driven only ~1200 miles/year for the past 10 years. I never experienced all these internet horror stories about cars that aren't driven "enough."

It was a fantastic car that when driven was exercised "fully and completely" after a careful warmup. One of the best memories was trying to catch my daughter on track at NCCAR about 10 years ago; I was in her E46 and she was driving the M5. The wail of the Dinan exhaust from the M5 and it's lowered stance as it pulled away strongly on the straights was incredible.

Out of all the BMWs I've owned and then sold over the last 40+ years, the E39 M5 and my 1972 Bavaria go down as my favorites.
__________________
Current Stable:
2024 G20 M340i Melbourne Red/Cognac
2019 F87 M2 Competition 6MT, LBB, slicktop, exec pkg
2007 E91 328i Silver, slushbox, Eibach fr/E93 M3 rear sway bars, ARC-8
Appreciate 15
sygazelle11091.00
SakhirM410783.00
Law6377.00
DreamTime863.50
kong24680252.00
1 AKY459.00
ZHPsedan135.50
RPiM52855.50
apascutia172.50
Nismo G50.00
EdM53852.50
      08-17-2018, 08:17 AM   #14
10"
Colonel
10"'s Avatar
No_Country
4946
Rep
2,260
Posts

Drives: orange BMW 1M.
Join Date: Jun 2018
Location: world

iTrader: (0)

Quote:
Originally Posted by CSBM5 View Post
If anyone is interested in the history of this car, search the M5board using username BigGar and threads he started. This car was one of three extremely well-cared for E39 M5s with very low mileage (back in 2008) that were part of an extensive collection maintained in a large climate controlled facility.

This car sold at an RM auction along with a 2000 model with about 1900 miles back in 2010.

FWIW, EAG sold a 390 (?) mile E39 M5 for $149k about 18 months ago. I seriously doubt anyone that is bidding on this car is worried about a gasket leak or has any intention of actually driving very far.

Pricing on E39 M5s has been growing very strongly for well-kept cars. I owned my 2001 for over 14 years and recently sold it at 66k miles on BaT for $34k ($35,700 buyer cost). My car was garaged 24/7 since new, almost never in rain, never in bad weather, and driven only ~1200 miles/year for the past 10 years. I never experienced all these internet horror stories about cars that aren't driven "enough."

It was a fantastic car that when driven was exercised "fully and completely" after a careful warmup. One of the best memories was trying to catch my daughter on track at NCCAR about 10 years ago; I was in her E46 and she was driving the M5. The wail of the Dinan exhaust from the M5 and it's lowered stance as it pulled away strongly on the straights was incredible.

Out of all the BMWs I've owned and then sold over the last 40+ years, the E39 M5 and my 1972 Bavaria go down as my favorites.
The problem is that just putting a car in "climate control" and cleaning the exterior is NOT good maintenance. Did he change fluids every 6 months to 2 years? Did he change hoses that became brittle? Did he service the car on time intervals rather than mileage? Most people who keep cars like this for extended periods of time do NOT do these things...and they soon fall apart after driving.

Machines are meant to be used and often if they are not used the moving parts seize or degenerate. This dude who bought this for what $60k back in 2002 was better off investing that money because doubling it or even tripling it is not a great investment...will never understand this type of poor logic.

"Collector" culture is pretty toxic. I see it all over the 1M community and it makes me cringe...
__________________
don't read this. too late...
Appreciate 6
Kyngofpop676.00
phefner366.00
chris82825.00
apascutia172.50
GuidoK10473.00
Robin_NL8679.50
      08-17-2018, 08:41 AM   #15
King Rudi
Lieutenant Colonel
King Rudi's Avatar
13152
Rep
1,965
Posts

Drives: Meat Suit
Join Date: Sep 2017
Location: Planet Earth

iTrader: (0)

Quote:
Originally Posted by glennQNYC View Post
Fair enough, but if I had six figures to spend on automotive soul I wouldn't be looking anyplace near a 2002 M5.
Agreed but then again, I'm not a collector; I'm a driving enthusiast. I buy cars to drive them and push them to the limits of what they are built for.
Appreciate 1
Kyngofpop676.00
      08-17-2018, 09:04 AM   #16
sygazelle
Brigadier General
11091
Rep
3,404
Posts

Drives: 2014 328i M-Sport, 2019 X5 40i
Join Date: Sep 2010
Location: San Francisco

iTrader: (0)

Thanks for sharing this beautiful example of a great car. Those who are posting negative comments are probably driving enthusiasts and not car collectors. That's okay for sure. If somebody thinks the E60 M5 is better, that's great. For its time, the E39 M5 was King. This particular car may be the best existing example. A collector or someone who appreciates auto history understands why this car is important, even if it is not technically as great as the best current sedans.

Heck, my lowly F30 328i has better 0-60 times than Ferrari's from the 60's that are selling for $2 million plus.

I would never pay $150k fo this M5 personally, but I can totally understand why somebody with funds and the love of cars would do so.
Appreciate 6
CP911985.50
Kyngofpop676.00
gds52886.00
      08-17-2018, 09:43 AM   #17
LOW4LYF
Brigadier General
LOW4LYF's Avatar
2162
Rep
4,104
Posts

Drives: E92 M3 & F85 X5M
Join Date: Jul 2016
Location: @Home

iTrader: (1)

Quote:
Originally Posted by dmk08 View Post
New BMWs aint got no soul.
But very fast
Appreciate 0
      08-17-2018, 10:21 AM   #18
CSBM5
Brigadier General
CSBM5's Avatar
2696
Rep
3,315
Posts

Drives: 2019 M2 Comp, 2011 M3, etc
Join Date: Nov 2005
Location: Greenville, SC

iTrader: (2)

Quote:
Originally Posted by 10" View Post
The problem is that just putting a car in "climate control" and cleaning the exterior is NOT good maintenance. Did he change fluids every 6 months to 2 years? Did he change hoses that became brittle? Did he service the car on time intervals rather than mileage? Most people who keep cars like this for extended periods of time do NOT do these things...and they soon fall apart after driving.
If you're interested, read the BigGar threads as I mentioned. They were well cared for. One of the E39 M5s that had 105 miles was sold to a board member whereupon the internet mavens descended upon him telling him what a disaster the car was going to be, etc. He put it into regular daily duty and had no issues. The cars under BigGar's care were well taken care of and maintained regularly. It was an outstanding collection.
__________________
Current Stable:
2024 G20 M340i Melbourne Red/Cognac
2019 F87 M2 Competition 6MT, LBB, slicktop, exec pkg
2007 E91 328i Silver, slushbox, Eibach fr/E93 M3 rear sway bars, ARC-8
Appreciate 0
      08-17-2018, 12:17 PM   #19
F30lolz
I can haz cheezburger?
F30lolz's Avatar
6799
Rep
3,677
Posts

Drives: 14 Sahara/08 335xi/22 Maverick
Join Date: Apr 2015
Location: Miami, FL/Shelbyville, IN

iTrader: (0)

Garage List
Wow what a beauty as I wish my 01 I had for few years was in this impeccable condition. I would consider myself a driving enthusiast and not a car collector. Therefore, even if I had the funds to buy this, I wouldn’t. I would want the ‘museum’ aspect (if you would even want to call it that) due to the miles and new condition to still be maintained. But would be hard pressed to not drive it as I am a car whore junkie and just love to drive, period.

Stupid question but I’m just curious inside the mind of a car collector. Would a car collector ever rack up miles on this or keep this stored? Is it against car collector protocol to ever rack up miles on something like this? Are all car collectors driving enthusiasts?
__________________
Quote:
Originally Posted by RaptorKTM View Post
Also our E90 330 and 325 will soon have some sort of boost. So there is actually more of a chance to get more hp out of a 330 then a 335 in my opinion
Appreciate 0
      08-17-2018, 12:34 PM   #20
tom @ eas
BimmerPost Supporting Vendor
tom @ eas's Avatar
United_States
8056
Rep
18,786
Posts


Drives: BMW
Join Date: Nov 2005
Location: Anaheim, CA

iTrader: (19)

Garage List
2018 BMW i3s  [0.00]
2010 BMW M3  [6.50]
2015 BMW M4  [5.25]
16 years later still looks great today. Always loved the E39.
__________________
Tom G. | european auto source (eas)
email: tom@europeanautosource.com · web: https://europeanautosource.com· tel 866.669.0705 · ca: 714.369.8524 x22

GET DAILY UPDATES ON OUR BLOG · FACEBOOK · YOUTUBE · FLICKR · INSTAGRAM

Last edited by tom @ eas; 08-17-2018 at 12:50 PM..
Appreciate 8
Dackelone10511.00
apascutia172.50
duky1313.00
JTO245246.50
      08-17-2018, 12:37 PM   #21
CSBM5
Brigadier General
CSBM5's Avatar
2696
Rep
3,315
Posts

Drives: 2019 M2 Comp, 2011 M3, etc
Join Date: Nov 2005
Location: Greenville, SC

iTrader: (2)

Quote:
Originally Posted by F30lolz View Post
Stupid question but I’m just curious inside the mind of a car collector. Would a car collector ever rack up miles on this or keep this stored? Is it against car collector protocol to ever rack up miles on something like this? Are all car collectors driving enthusiasts?
This particular car was sold at an RM auction back in 2010 for $48,400, and it had 69 miles on it then. I'm pretty sure the owner (Griot) has kept it since then, so he put 368 miles on it...to answer your question. If the car had been driven say 10k miles, it would sell at EAG for about $80-90k. So in this case, I would think it very critical that it has only been driven this much. If it had never been driven and still had 69 miles on it, it would likely be bid stronger at the auction.

Numerous other ulta-low mileage BMWs that BigGar took care of were sold at that auction also.

As to your last question, I would guess most personal collectors are at least somewhat car nuts. However, in the past 5-6 years given the central bank forced asset inflation and free money floating around (negative yields in EU, etc), a number of hedge funds/alternative investment funds have been bidders on collector cars...anything that might give some return while using other people's money. That aspect has greatly inflated the collector car market, especially at the high end of European cars.
__________________
Current Stable:
2024 G20 M340i Melbourne Red/Cognac
2019 F87 M2 Competition 6MT, LBB, slicktop, exec pkg
2007 E91 328i Silver, slushbox, Eibach fr/E93 M3 rear sway bars, ARC-8
Appreciate 2
F30lolz6798.50
      08-17-2018, 01:33 PM   #22
F30lolz
I can haz cheezburger?
F30lolz's Avatar
6799
Rep
3,677
Posts

Drives: 14 Sahara/08 335xi/22 Maverick
Join Date: Apr 2015
Location: Miami, FL/Shelbyville, IN

iTrader: (0)

Garage List
Quote:
Originally Posted by CSBM5 View Post
This particular car was sold at an RM auction back in 2010 for $48,400, and it had 69 miles on it then. I'm pretty sure the owner (Griot) has kept it since then, so he put 368 miles on it...to answer your question. If the car had been driven say 10k miles, it would sell at EAG for about $80-90k. So in this case, I would think it very critical that it has only been driven this much. If it had never been driven and still had 69 miles on it, it would likely be bid stronger at the auction.

Numerous other ulta-low mileage BMWs that BigGar took care of were sold at that auction also.

As to your last question, I would guess most personal collectors are at least somewhat car nuts. However, in the past 5-6 years given the central bank forced asset inflation and free money floating around (negative yields in EU, etc), a number of hedge funds/alternative investment funds have been bidders on collector cars...anything that might give some return while using other people's money. That aspect has greatly inflated the collector car market, especially at the high end of European cars.
You mentioned earlier that EAG had a low mileage E39 M5 sell for around $149k but IIRC it sold for $180k but I could be wrong. Either way, they mainly find a buyer for their high priced vehicles but for the life of me they will not change out rod bearings as part of their ‘10 year service’ for s62/s65/s85 motors. I feel for what they are commanding, they should be changed out.

Regarding your last point, I agree. Just in talks of BMW automobiles, M cars are picking up value and I keep kicking myself in the ass as I could have purchased a e30 M3 for $7k back in 2005. Do you ever think the e36 M3 will start picking up steam? I see myself getting a e36 M3, 2005 330 ZHP sedan currently owned by a close friend or handing over my current daily beater Civic to my son for his first car in about 5 years from now. If the e36 M will somewhat go up in value, I’ll cringe if he were to drive it.
__________________
Quote:
Originally Posted by RaptorKTM View Post
Also our E90 330 and 325 will soon have some sort of boost. So there is actually more of a chance to get more hp out of a 330 then a 335 in my opinion
Appreciate 0
Post Reply

Bookmarks

Tags
e39, e39 m5

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 03:00 AM.




m3post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST