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Point taken but let’s be honest - who else buys this kind of a specimen other than wealthy people?
Stupid people, for one. Enthusiasts for another. Dealers for a third. Crypto kids for a fourth. Wealthy people would be last in the list IMO. The thought process tends to be a little different. Just something I’ve observed close hand for almost 30 years.
A couple things. If a person buys a 50k plus car as a daily and that person is the least bit worried about money then they goofed. However, man do I know quite a few really dumb people who do exactly that.
I would discuss this particular car with this one thought in mind, do I see this car beating inflation over the long haul? No, I do not see this car beating inflation (significantly) and thus it isn't a good "collector" car (obviously IMO).
Maybe if they sit on it for a very long time it does beat inflation significantly. So from my point-of-view, you have a car that sits in the garage, doesn't make you any significant money, and you can't drive it. Again, unless you're quite wealthy then who cares.
The aw, slicktop, 12k, one owner car didn't beat it. Owner should have driven it more
Stupid people, for one. Enthusiasts for another. Dealers for a third. Crypto kids for a fourth. Wealthy people would be last in the list IMO. The thought process tends to be a little different. Just something I’ve observed close hand for almost 30 years.
maw
No matter which of the groups you listed they belong to, anyone buying a $100K e46 in 2024 is wealthy. Show me a single buyer of those cars who isn’t.. once again - the seller of the jet black car is clearly a wealthy individual. That’s who buys these cars, not the enthusiasts who likely live paycheque to paycheque or close to it. Even the dealers who flip these aren’t your average nickle and dimers.. these individuals can clearly afford to dump 100k into a car that may or may not be profitable. How many non wealthy people can do that?
That is a car I don't understand. All the value, every single penny is tied to mileage because on the rarity scale it is at zero (with 10 being most rare). Meaning that car can never be driven more than a few hundred or so miles per year unless the new owner simply has so much money they don't care (and that is possible).
Was thinking exactly the same re this auction. But my brand of enthusiasm isn't necessarily the new owner's.
Interlagos 06 M3, Autologic tune, Agency Power midpipes/exhaust, Fortune Auto coilovers, UUC SSK, Bluebus, Lightwerkz retrofit. MRegistry listing here
Has anyone else seen this 135k mile ‘02 Techno Violet/M-Texture on eBay for $80k…? lol
Awesome spec but that price makes absolutely zero sense, especially considering that’s not even the original M-Tex interior.
The only thing finding that ad did was renew my love for Techno Violet. I have decided i'll be doing a full color change from JB to TV on my M3 in the future.
Has anyone else seen this 135k mile ‘02 Techno Violet/M-Texture on eBay for $80k…? lol
Awesome spec but that price makes absolutely zero sense, especially considering that’s not even the original M-Tex interior.
Pros
Great color
Interior looks fantastic with the exterior
Big three done (I'd still want top side but close enough)
Newish clutch/pp
Lots of new OE parts, nicely done.
Cons:
Pre LCI so MK20
135k miles (con since the asking price)
Those photos are enhanced and taken under lighting conditions that yield the best presentation. Smart, but I know that isn't what it really looks like on the outside.
IMO the owner is off by $30k to $40k. Maybe someone who is dying for purple, doesn't DIY, and has money to burn will buy. Owner wants their money back, but I'm not giving it to them. Again, really nice looking car.
Big three done (I'd still want top side but close enough)
Newish clutch/pp
Lots of new OE parts, nicely done.
Cons:
Pre LCI so MK20
135k miles (con since the asking price)
Those photos are enhanced and taken under lighting conditions that yield the best presentation. Smart, but I know that isn't what it really looks like on the outside.
IMO the owner is off by $30k to $40k. Maybe someone who is dying for purple, doesn't DIY, and has money to burn will buy. Owner wants their money back, but I'm not giving it to them. Again, really nice looking car.
You sir, are good. This apparently was listed (not sold) in NY in 2021 for 50k.
Are you implying an E46M is a $40k car -- specifically this one despite special color and Big3 and "rare spec"? Shocking! Aghast! That's heresy!
maw
It's closer to being a $40K car than the asking price because of such high mileage and non-original interior, not because all E46 cars are worth $40K regardless of miles and spec as per your analogy. If this car was LCI, had less than 60K miles and the interior was original, it would easily fetch even more than the asking price.
If we're looking for ambitious pricing here's one that's sat on Hagerty's marketplace for a couple of months. Very clean, but the Hagerty valuations have gone to his head: https://www.hagerty.com/marketplace/...a-24aa42664abe
Interlagos 06 M3, Autologic tune, Agency Power midpipes/exhaust, Fortune Auto coilovers, UUC SSK, Bluebus, Lightwerkz retrofit. MRegistry listing here
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