
Glad ours came along when it did.
Lookin'...
tschultz wrote: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.
M5 - Hard assetdownforce22 wrote:tschultz wrote: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'
Rich Euro M5 wrote: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
Luis snagged it? I watched the auction and it went to Illinois. Bidders out of Oregon and Poland made the Illinois guy pay $15,200
bobby in Derby City wrote:Luis snagged it? I watched the auction and it went to Illinois. Bidders out of Oregon and Poland made the Illinois guy pay $15,200
http://www.mye28.com/viewtopic.php?p=1401918#p1401918
YVL711 wrote:Hello, i buy this car for 15 200 USA. It comes to small county – Lithuania, in Europe. I will get car in +- 2 month, so i can write later, is it a big crash or not and what i find under it. In photos it seems normal, but i gess, i can find surprise. In Europe these car are expensive and it is hard to find good model for good price. In Lithuania it can be a problem to find rear bumper, because all parts are european. So need to find it.
It's all about the engines. That's what holds the prices down. A professional rebuild could easily be $15k or more.mhagoodm wrote:I wonder what the market value would be on a 160,000 mile car, all original panels, paint OK, interior 5/10.. Basically a good candidate for restoration. Debating on the direction to go with my car. Hard to find a comp on something of this condition. Do we think the crashed/salvaged car from the previous post is a good indicator of lowest possible value?
Motronic wrote:Prices are definitely cooling from last summer. I was going to put mine on BAT this summer, but...enjoying the car. Always keeping in mind once it's gone - it's gone.