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Thread: 88 M6 at Amelia Island Auction

  1. #1
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    88 M6 at Amelia Island Auction

    Did anyone notice the listing for almost 2 dozen BMWs (including a 507!) at the Amelia Island Concours/Auctions this weekend? Gooding & Co. has the BMWs and this is the listing for an M6. Not much info: it is black and the interior looks like gray or black. Only one pic, so it's hard to tell. Est auction price is $20-30K -- hope they get it!

    1988 BMW M6
    Lot 21
    Presale estimate: $20,000 - $30,000
    Hagerty Price Guide: $10,000 - $33,700
    One of the coolest sights on the Island this weekend will be having nearly two dozen BMWs from the same collection for sale at the same venue. While there are undoubtedly more important cars from this collection present, this M6 is particularly interesting in that it will be another piece of the case that will illustrate (or not) how collectors are starting to change the way they view cars from the 1980s — a topic that is on many owners’ minds.

    Check it out at
    http://www.hagerty.com/articles-videos/Articles/2014/03/04/Amelia-2014?utm_source=ExactTarget&utm_medium=email&utm_t erm=&utm_content=&utm_campaign=Hagerty%20Weekly%20 News%2003-05-2014
    Last edited by M6ermike; 03-05-2014 at 03:34 PM.
    Life's too short to drive boring cars --
    • 1988 M6 (e24) - Zinnoberrot/Pearl Beige (sold )
    • 1994 850 Ci (e31) - Orient Blue Metallic/LtSilverGray
    • 2017 Porsche Macan - Night Blue Metallic


  2. #2
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    '86 M635/'10 Clubman
    Wish I could go...

  3. #3
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    So my buddy is at Amelia Island.. The M6 went for... Gasp.. $52,000.
    He's busy so I'll try to get details later, but his texts to me were the following...

    "It sold for $52000"

    "Was nice but not perfect"

    "It was estimated at $20-30. That was sheer insanity. Black car, original paint. Not perfect. Stone chips, scraped spoiler. 66,000 miles. Should gave been $25-28."

    I'll find out more details as I can, but.. Wow.
    '83 633CSI manual balticblau/perlbeige
    '89 Mercedes 300CE diamintblau/mondria
    ’94 Mercedes E320 Coupe Schwarz/Palomino
    '07 Volvo S60 2.5T vide grön/beige

  4. #4
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    Wow! That's nuts!!!

  5. #5
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    Too many ;-)
    That may be high, especially for a US spec car, but could be a sign of things to come. Remember when the first Isetta pulled $30k at auction only a few years ago? They have continued to command $30k+ ever since for nice restorations.
    "Asphalt is evil, it must be punished!"
    '89 Z1 Dream Black/Alcantara/Camo, Racing Dynamics, the coolest doors known to man -- Sunny days & Sundays
    '90 Z1 Red w/custom red/black French leather, Ground Control coil overs, BBS RV-F --Mais Oui!
    '91 850i Mauritius Blue/Black --1 of 179

    '85 M635CSi Alpine -- "Explosive!!!"
    '03 M3 Conv, Imola w/ SMG -- her daily driver
    '17 “30 Jahre” M3, Macao Blue -- 1/500 made


    Previously owned: 74 2002 (x2), 85 325e, 80 323i Baur, 94 325iC, 03 325CiC, 80 633CSi, 90 325iC, 98 318ti (Budget M3), 01 X5, 02 X5 4.6is (x2), 94 M3, 98 M3/4, 16 340i

  6. #6
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    Quote Originally Posted by Budget M3 View Post
    That may be high, especially for a US spec car, but could be a sign of things to come. Remember when the first Isetta pulled $30k at auction only a few years ago? They have continued to command $30k+ ever since for nice restorations.

    I don't know why everyone here has something against a US spec M6's. I for one prefer them. Especially the 88 or 89's since they have the world bumpers and did not need to pass through the horrid US butcher style federalizations to the mechanicals and cutting of front fenders/rear quarters to instal side lights etc… Plus I like the updated dual timing chains. But I guess in this case thats really just me. I could do without the rear AC and all that extra leather of the US cars but some prefer the rear AC.
    Thats why I prefer the Canadian spec examples. Euro interiors with USA drivetrains. The best of both worlds but I am biased.

    All that aside, naturally I am very pleased to see what the M6 brought at auction. Maybe its the 80's turn, the M series turn, and the E24's turn.

    Max
    Last edited by maxg765; 03-07-2014 at 08:28 PM.
    Regards

    Max
    ---------------
    88 BMW M6 60,000 original Miles or 97,000KM's (Canadian spec example)
    89 BMW 325ix Dinan Turbo 69000 original Miles
    72 Triumph STAG 37000 original Miles

  7. #7
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    Quote Originally Posted by maxg765 View Post
    I don't know why everyone here has something against a US spec M6's. I for one prefer them. Especially the 88 or 89's since they have the world bumpers and did not need to pass through the horrid US butcher style federalizations to the mechanicals and cutting of front fenders/rear quarters to instal side lights etc… Plus I like the updated dual timing chains. But I guess in this case thats really just me. I could do without the rear AC and all that extra leather of the US cars but some prefer the rear AC. Thats why I prefer the Canadian spec examples. Euro interiors with USA drivetrains. The best of both worlds but I am biased. All that aside, naturally I am very pleased to see what the M6 brought at auction. Maybe its the 80's turn, the M series turn, and the E24's turn. Max
    We should all be pleased with this result!
    Last edited by Badgas; 03-07-2014 at 10:20 PM.

  8. #8
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    Hmm. Guess I'll add another lock to the garage door!

    Cheers,

    Ray

  9. #9
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    Too many ;-)
    Quote Originally Posted by maxg765 View Post
    I don't know why everyone here has something against a US spec M6's. I for one prefer them. Especially the 88 or 89's since they have the world bumpers and did not need to pass through the horrid US butcher style federalizations to the mechanicals and cutting of front fenders/rear quarters to instal side lights etc… Plus I like the updated dual timing chains. But I guess in this case thats really just me. I could do without the rear AC and all that extra leather of the US cars but some prefer the rear AC.
    Thats why I prefer the Canadian spec examples. Euro interiors with USA drivetrains. The best of both worlds but I am biased.

    All that aside, naturally I am very pleased to see what the M6 brought at auction. Maybe its the 80's turn, the M series turn, and the E24's turn.

    Max
    No disrespect intended to the US-spec cars. Their reliability is, as you point out, much better. For the collector, however, the appeal is horsepower and there is nothing else like the sound and smell of raw fuel exiting the bundle of snakes header and unrestricted exhaust of an M88 motor at 6000 rpm
    "Asphalt is evil, it must be punished!"
    '89 Z1 Dream Black/Alcantara/Camo, Racing Dynamics, the coolest doors known to man -- Sunny days & Sundays
    '90 Z1 Red w/custom red/black French leather, Ground Control coil overs, BBS RV-F --Mais Oui!
    '91 850i Mauritius Blue/Black --1 of 179

    '85 M635CSi Alpine -- "Explosive!!!"
    '03 M3 Conv, Imola w/ SMG -- her daily driver
    '17 “30 Jahre” M3, Macao Blue -- 1/500 made


    Previously owned: 74 2002 (x2), 85 325e, 80 323i Baur, 94 325iC, 03 325CiC, 80 633CSi, 90 325iC, 98 318ti (Budget M3), 01 X5, 02 X5 4.6is (x2), 94 M3, 98 M3/4, 16 340i

  10. #10
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    This car is a Colorado car, and the entire collection was based here in my back yard. The family that owned this collection got screwed by the state of affairs, and got the shaft by these cars being taken from under there noses in a dramatic round of events.

    If is a very sad situation and I am very angry (as is the family) for their predicament. These priceless cars were taken from them for nothing, and now sold at Auction.

    I helped the owner clean and wax many of these cars when I was living in CO Springs.























    http://www.goodingco.com/?s=f0e26dd9...fsubmit=Search



    Also to note regarding this M6: About 52k miles, 1988, however the car was involved in a fire back in 2009 and had interior smoke damage. The front seats have been reupholstered, and the rear speaker pods show evidence of warping due to the smoke damage. Very interesting how high of a price they commanded....
    Last edited by tschultz; 03-08-2014 at 05:10 AM.

  11. #11
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    Quote Originally Posted by tschultz View Post
    If is a very sad situation and I am very angry (as is the family) for their predicament. These priceless cars were taken from them for nothing, and now sold at Auction.
    This bums me out way more than the feverish selling price for the imperfect M6 had me excited.

  12. #12
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    What a sad ending to a beautiful collection. Tom, thanks for sharing the photos.
    Life's too short to drive boring cars --
    • 1988 M6 (e24) - Zinnoberrot/Pearl Beige (sold )
    • 1994 850 Ci (e31) - Orient Blue Metallic/LtSilverGray
    • 2017 Porsche Macan - Night Blue Metallic


  13. #13
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    What an amazing collection! Truly a sad loss for the owners
    1976 2002 5 speed, 95 540i 6speed, 90,98,01 M3,97 Dinan M3 Sedan
    [IMG][/IMG]

  14. #14
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    Too many ;-)
    Indeed a catastrophe for the family and a very sad ending to a wonderful collection. I'll never forget the owner's generosity toward the entire BMW community. He gave rides in the M1 and 507 to anyone who wanted to go at the 1995 BMW CCA Oktoberfest...truly a great friend of the marque.

    BTW, according to the Gooding & Co transcript, the final corrected sell price for the M6 was $57,200
    "Asphalt is evil, it must be punished!"
    '89 Z1 Dream Black/Alcantara/Camo, Racing Dynamics, the coolest doors known to man -- Sunny days & Sundays
    '90 Z1 Red w/custom red/black French leather, Ground Control coil overs, BBS RV-F --Mais Oui!
    '91 850i Mauritius Blue/Black --1 of 179

    '85 M635CSi Alpine -- "Explosive!!!"
    '03 M3 Conv, Imola w/ SMG -- her daily driver
    '17 “30 Jahre” M3, Macao Blue -- 1/500 made


    Previously owned: 74 2002 (x2), 85 325e, 80 323i Baur, 94 325iC, 03 325CiC, 80 633CSi, 90 325iC, 98 318ti (Budget M3), 01 X5, 02 X5 4.6is (x2), 94 M3, 98 M3/4, 16 340i

  15. #15
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    1994 e31, Porsche Macan
    That's $52,000 sale price + 10% seller's commission = $57,200. If anyone is interested, I'll discount my M6 to $50,000 with NO commission! What a deal!
    Life's too short to drive boring cars --
    • 1988 M6 (e24) - Zinnoberrot/Pearl Beige (sold )
    • 1994 850 Ci (e31) - Orient Blue Metallic/LtSilverGray
    • 2017 Porsche Macan - Night Blue Metallic


  16. #16
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    My 88 M6 is in better condition than that black one and just turned 60 K miles. Better leather and paint. Not a mark on it ............ If that one brought 50 K plus $$$$ I will sell mine for 56 K plus next year and go buy a 850 CSI !!!!!!!! Oh and I just replaced the fuel tank with OEM and every item of the fuel delivery system with OEM and my mechanic George Welch laughed and said " I have never seen an 88 M6 where every piece of the fuel delivery system was still original from day 1 " !!! I am replacing every fuel line - pumps - relays - sensors etc............ Where can I find a person asleep like the one who bought the black one at Amelia Island !!!

  17. #17
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    Quote Originally Posted by M6SCOTT View Post
    My 88 M6 is in better condition than that black one and just turned 60 K miles. Better leather and paint. Not a mark on it ............ If that one brought 50 K plus $$$$ I will sell mine for 56 K plus next year and go buy a 850 CSI !!!!!!!! Oh and I just replaced the fuel tank with OEM and every item of the fuel delivery system with OEM and my mechanic George Welch laughed and said " I have never seen an 88 M6 where every piece of the fuel delivery system was still original from day 1 " !!! I am replacing every fuel line - pumps - relays - sensors etc............ Where can I find a person asleep like the one who bought the black one at Amelia Island !!!

    Hi Scott, you can make that two 88 M6's that are completely original, let your mechanic know . I'm still sporting the 415 TRX tires and original wheels although it wears a new set of the treaded Michelin TRX rubbers. Got +- 55000 original miles. I'd be interested to know where you got your new fuel tank and how much it was? I recently replaced the main computer relay as a preventative measure, it still had the original stamped 1986 with only german scripture. I kept it for the next owner if I ever decided to sell one day.

    It is very sad to hear about this collection getting disbanded and how it was taken away from its' owner. I am sure that the M6 having original paint plus its known pedigree ownership, and Amelia Island setting/mood had something to do with the premium it commanded.

    Max
    Regards

    Max
    ---------------
    88 BMW M6 60,000 original Miles or 97,000KM's (Canadian spec example)
    89 BMW 325ix Dinan Turbo 69000 original Miles
    72 Triumph STAG 37000 original Miles

  18. #18
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    Let me understand this. The "state of affairs", whatever that is, came in and "stole, took" this car collection from this family? I was not aware we were in Russia. How would this happen? There are always 2 sides to every story, and the other side would be nice to hear.
    Lets get the party started before it's my bedtime.

  19. #19
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    No need to be in Russia. Sounds like either taxes (IRS has extraordinary powers to seize assets) or bankruptcy - especially if the collection was tied to a business vs personal assets...

  20. #20
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    Obviously I do not know all of the details, but there was a death in the family back in 2012 (the gentleman who started the collection) and as I understand the cars were all part of the estate. Not sure how it all shook out or how it happened, so I am puzzled myself.
    All I know, as Mark hinted above, is that the family was truly interested in the preservation of the cars and was very involved in the BMW community. It makes me angry to think how they were taken because of a filthy mediator of the legal affairs, and sold to an outside party at 10% of value.

  21. #21
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    I think the sale of this car bodes well for those of us that have nice E24s. I know I won't be keeping mine forever and it is nice to think that I might actually get my money back when I do sell it.
    Randall Morin
    COL(Ret), US Army
    Hagerstown MD

  22. #22
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    Article in last months Car and Driver by Hagerty. Confusing as I could not come away with any Take-home message. Basically it said car collecting will decline as the Baby Boomers are the main collectors and are now selling over buying. They placed little faith in the x-gen as giving a crap about older cars. Then they say that this is more for the US cars and European may be in better shape..........whatever that means. I am pleased however, to see so many younger people on here appreciating the E24..................
    Last edited by RSheiman; 03-09-2014 at 02:55 PM.
    Rob E3

  23. #23
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    Quote Originally Posted by Badgas View Post
    We should all be pleased with this result!
    Nice to hear about the sudden auction movement for our vehicles, but I am hoping this is just a isolated incident. For selfish reasons of course . I haven't got my dream M635csi in my garage yet Although a couple has caught my eye, it has been very difficult capturing one of these ellusive girls, even at a decent $20K++ price. One of the very reasons I was so excited about getting into a E24 was largely due to the VERY low entry point for getting one or two or three.....hehe.

    We'll have to see how other auctions pan out. If the hype for this auction carries on, those who are looking to sell their beloved Ms may want to hold on to their Ultimate driving machines and see where this will go. For those of us who still don't have that special M635csi or M6, WE better start looking harder and buying faster. Hahaha. With my addiction to the M635csi, I certainly will!
    "Simply looking at a Shark is the same as buying one " - R. Carter
    "I have to stop looking at Sharks" - RokuMado
    In Desire Of: 1985 M635CSi (Alpine White) OR ALPINA Model
    1985 Euro 635CSi CR 5-Spd (Schwartz/Buffalo Anthracite)
    1985 Euro 635CSi CR 5-Spd (Polaris/Napa Schwartz)
    1985 Euro 628CSi Auto(Zobelbraun/Buffalo Nutria)...Rehomed
    2002 540iT Sport Auto (Schwartz/Napa Black)
    2019 740i M Sport (Carbon Black/Napa Black)
    (pics) Nori YumeHimeSaiko


  24. #24
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    My car will likely be for sale in the not too distant future. Stay tuned. It is not for sale now but if I relocate and end up with less garage space than I have cars, I have to reduce the size of my fleet. I will definitely let everyone know when it is for sale before I list it worldwide.
    Last edited by rmorin1249; 03-09-2014 at 07:12 PM.
    Randall Morin
    COL(Ret), US Army
    Hagerstown MD

  25. #25
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    That's a hefty tag for an M6, but perhaps a sign of good things to come?

    Did you see the record setting 507 that rolled off the block at a cool $2.42 million?


    Alex

    All cars are money pits, it's just that some people love theirs more than others.

    The '85

    The '83

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