1988 535is on BAT

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gray635
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Joined: Dec 07, 2006 12:29 AM
Location: Perry, GA

1988 535is on BAT

Post by gray635 »

I know, I know - this should be in the NA Cars for Sale thread. But it seemed to me that this one deserved its own post. Easily the nicest non-M e28 M30 car I've seen for sale in a long while. :shock: :shock: I'm seriously looking at an e92 M3 (car trip to Richmond to kick the tires this weekend) and an Alpina B10 to add to my little "collection", but I may not be able to resist this one. PERFECT color combo. Anyone around here know this car??? Too good to be true at a small used car dealer in Missouri???? Dang.

https://bringatrailer.com/listing/1987-bmw-535is-36/
Last edited by gray635 on Mar 07, 2021 9:30 AM, edited 1 time in total.
librarian
Posts: 20
Joined: May 09, 2019 2:00 AM
Location: Chicago

Re: 1988 535is on BAT

Post by librarian »

Super nice. $22k on the first day...it’s gonna bring in some pretty big money.
leadphut
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Joined: Feb 12, 2006 1:00 PM
Location: Portland, OR

Re: 1988 535is on BAT

Post by leadphut »

You were just asking for an exceptionally clean car, Mike. Ask and you shall receive.

I suspect the weird, initial bid is artificially set by either the seller or someone affiliated. Good looking car though.
RonW
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Location: Long Island, NY

Re: 1988 535is on BAT

Post by RonW »

"A spare set of metric basketweave wheels are included in the sale." I've never seen metric basketweaves. But I checked it out and they exist. But how did this car end up with them?
gray635
Posts: 1818
Joined: Dec 07, 2006 12:29 AM
Location: Perry, GA

Re: 1988 535is on BAT

Post by gray635 »

leadphut wrote: Mar 05, 2021 9:54 AM You were just asking for an exceptionally clean car, Mike. Ask and you shall receive.

I suspect the weird, initial bid is artificially set by either the seller or someone affiliated. Good looking car though.

That is true. However, I just got home from a 1,200 mile road trip from Perry, Ga to Richmond, VA and bought a REALLY nice 2008 E92 M3. 35K, graphite/black 6MT, almost new Michelin Sport Pilots, SS Corsa exhaust, that sounds fabulous. Wicked fast. The car looks showroom new.. And kicking the tires (virtually) on a E34 Alpina B10 3.5, MT, too. I strongly suspect this 535is will far exceed the price I paid for the M3 and the B10 (if I wind up buying it). I seem to recall, not too long ago, when this would have been a $15K car, on a good day! :shock: My, how times have changed.
leadphut
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Location: Portland, OR

Re: 1988 535is on BAT

Post by leadphut »

I know. I find old threads where prices are a fraction of today's.

That 'is' is at 30k, with 4 days remaining. Crazy!

Congrats on the purchases. It's fun to buy new toys. Looking forward to pics.
muleskinner
Posts: 1227
Joined: Sep 08, 2007 11:17 AM
Location: ATL

Re: 1988 535is on BAT

Post by muleskinner »

The e30 M3ification is upon the e28 market, folks. Now is the time to pick up that e28 on CL sub $10K that was owned by grandma and her family is blissfully unaware they’ve got a $20K car.
gray635
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Joined: Dec 07, 2006 12:29 AM
Location: Perry, GA

Re: 1988 535is on BAT

Post by gray635 »

^^^ Indeed. I paid several thousand dollars less than $30K for my "new" e92 M3 en route and the ask on the Alpina B10 is less as well. Frankly, I'd rather have either of those cars for this sort of money - and this e28 will obviously change hands for WAY more than that. Wonder how much this used car dealer has in the car? Bet he's smiling now! :cool:
RonW
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Re: 1988 535is on BAT

Post by RonW »

When I got my 535is in 2002, $10k would get you a decent M5.

Back in 2006, somebody ran a poll, How much is your E28 really worth. The highest option in the poll was, "Over 4, or should I say, way over 4". In fairness, that was the most popular option, the choice of about half the respondents.

Another poll in 2007 asked, Do you drive a "classic" or an "old" BMW? The most popular answer was "I drive an old BMW".

In 2017 I wrote the following:
RonW wrote: Sep 30, 2017 7:53 PMThere are plenty of E28 owners today who weren't even alive when their cars were produced. They aren't trying to maintain the car they bought new or their old jalopy from school until they can get a "real car." They aren't even trying to recapture their lost youth. They are a much rarer breed: the classic car enthusiast.

25 years ago I bought a used car. 10 years later I bought another used car just like it, the idea being that I'd drive the first car into the ground, then use it as parts and a reference platform for maintaining the second car. I didn't set out to have classic car and a parts car - it just ended up that way.

The new breed of E28 owners aren't like me. They're joining the ranks of current Ford Model A and Chevy C2 Corvette owners. Although this shift has happened before, today we get to watch it happen, thanks to MyE28.com. This site's archives are a rich vein of automotive anthropological data, allowing us to witness a used car become a classic, whose heyday will no longer be in the living memory of most of those who drive it.
So are we watching it happen?
topher800
Posts: 327
Joined: Nov 24, 2009 10:44 AM
Location: Boulder, CO

Re: 1988 535is on BAT

Post by topher800 »

where did I see "..and the 535is was the runt of the litter" ?
joema
Posts: 22
Joined: Apr 09, 2014 12:51 AM
Location: Lakewood, CA

Re: 1988 535is on BAT

Post by joema »

Wow, 30k with 4 days left. I ran the VIN and this car is 7 months older than my "is." I'd say it's in the same overall condition as mine, except with nicer leather. My take away from this is I need an agreed value policy now.
M5BB
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Location: Peachtree Corners, Georgia

Re: 1988 535is on BAT

Post by M5BB »

gray635 wrote: Mar 07, 2021 8:03 PM ^^^ Indeed. I paid several thousand dollars less than $30K for my "new" e92 M3 en route and the ask on the Alpina B10 is less as well. Frankly, I'd rather have either of those cars for this sort of money - and this e28 will obviously change hands for WAY more than that. Wonder how much this used car dealer has in the car? Bet he's smiling now! :cool:
Mike, I just gotta know, what it white?
gray635
Posts: 1818
Joined: Dec 07, 2006 12:29 AM
Location: Perry, GA

Re: 1988 535is on BAT

Post by gray635 »

Hey Gary! You know I'm a sucker for a white car. :D However, the E92 M3 is graphite/black. So a bit of a departure for me, but still a very pretty car. As you may recall, my old Alpina B9 (sig photo - dang, I sure miss that car!) was graphite grey, too, so I suppose this is sort of a homecoming. It is hard to be too picky when shopping for an old(er) BMW. Condition and service history trump color every time.
blindlemon77
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Location: Colorado

Re: 1988 535is on BAT

Post by blindlemon77 »

Ahh my first e28 was an Alpine/Cardinal 535is. It was not similar in any other ways, 1/4th of the car seemed to be re-done with matte housepaint :rofl: but I still loved it. I wish this was in my ballpark!
craigb93
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Location: Cumming, GA

Re: 1988 535is on BAT

Post by craigb93 »

Just sold: $53,535


Wow!
muleskinner
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Location: ATL

Re: 1988 535is on BAT

Post by muleskinner »

Holy guacamole!
gray635
Posts: 1818
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Location: Perry, GA

Re: 1988 535is on BAT

Post by gray635 »

Yeah, saw that, too. Just incredible. I bought my first e28 M5 for $10.5K not so terribly long ago. Just think what this car would have brought with euro bumpers!! :shock: No one loves these cars more than I do, but I can think of a good many cars I'd rather have than this one at upper $50s all in. The seller should be ecstatic. Glad to see these M30 cars getting some love in the market.

Wonder what my euro 635 would do on BAT??????
CSBM5
Posts: 580
Joined: Feb 12, 2006 1:00 PM
Location: Greenville, SC

Re: 1988 535is on BAT

Post by CSBM5 »

gray635 wrote: Mar 11, 2021 11:17 PM Yeah, saw that, too. Just incredible. I bought my first e28 M5 for $10.5K not so terribly long ago. Just think what this car would have brought with euro bumpers!! :shock: No one loves these cars more than I do, but I can think of a good many cars I'd rather have than this one at upper $50s all in. The seller should be ecstatic. Glad to see these M30 cars getting some love in the market.

Wonder what my euro 635 would do on BAT??????
No better time than now to find out! Sell when the bidders can't control themselves and you have just enough with massive liquidity to fight each other for the prize. :)

I bought my E28 535i in 1986 when it was 9 months old but had 31k miles already. I got an incredible deal at $22k from Tischer BMW; they were asking $25k, and I was able to negotiate down complaining about the warranty running out at 36k miles shortly. This was inline or cheaper than the going rate of the 1983/1984 533i with similar miles (and I wanted all the updates the 535i had, plus this example had an LSD which was a bit hard to come across). Of course that was 1986 dollars, and if we use just the BLS CPI calculator it gives $52,795 (interesting coincidence with this BaT car). I think the MSRP on my car was about $33k which yields $79,192 in 2021 dollars! People forget how expensive these cars were when they were new for the time, not to mention that if anything the BLS CPI calculator greatly understates inflation in many ways.
austin8753
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Location: Portland, Oregon, USA

Re: 1988 535is on BAT

Post by austin8753 »

insane to see that kind of money for a non-M/non tuner e28. congrats to the seller.
Foonfer
Posts: 495
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Location: New York, NY

Re: 1988 535is on BAT

Post by Foonfer »

I was following that auction closely but had to leave for a meeting. Left it at $32K, and when I came back I just gasped at the hammer price.

A commenter wrote about the $53,535 price: "should have been $53,515" - couldn't agree more :laugh:

It was a very very nice car. I'll chalk up the price to the sub-100K mileage, the "is", the tasteful modifications (they were VERY restrained and really tasteful), the bonkers upholstery color, and the outstanding "original" (i.e. unrestored) condition.

I doubt the 528e will ever be the Porsche 912 to the 535i(s) 911, and if it ever happens it'd require cars in similar conditions to this 535is, so... unobtainium, essentially.
Last edited by Foonfer on Mar 13, 2021 12:44 AM, edited 1 time in total.
Adam W in MN
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Re: 1988 535is on BAT

Post by Adam W in MN »

I am blown away by that price
gray635
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Re: 1988 535is on BAT

Post by gray635 »

And we were blown away by the sale at $50K of Clint's "Bronzit Car". Still the prettiest e28 car I ever saw. This sort of pricing seems to be the new normal for REALLY nice, fairly original, reasonable mileage M30 e28s.
cek
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Re: 1988 535is on BAT

Post by cek »

Maybe I *can* get my money out of Maytag.

:rofl:
Spen
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Re: 1988 535is on BAT

Post by Spen »

All your E28s are nice Charlie, I am frankly amazed of the Bitcoin E28 pricing these days. But they're probably the best 4 door car I've ever driven, even with the normal flaws they normally have (questionable trunk seal design, slow/weak rear door windows, etc). They're fab cars. Money printin doesn't hurt values baby. E28 bailout!
Lee74
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Location: USA

Re: 1988 535is on BAT

Post by Lee74 »

Wow that’s nice, I want that car but I really wish it was closer and I’d like to get a car that’s for sale , not a auction though
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