Heroshot

1974 BMW 2002 Turbo

Amelia Island 2020 - Gooding & Co.
Friday, 6 March - Saturday, 7 March 2020
$112,000
Sale Price
68
Lot Number
#2
Recent Restoration
Gooding & Company
Auction House
Chassis No. 4290164. White over black vinyl. 1990-cc, 170-hp turbo L-4. 4-speed manual. Cinturato tires, fender flares, and push-button radio.

Evaluation: Recent restoration | German market car. Restored from 2011 to ’14 and came to the U.S. in 2015. Clean, shiny paint and straight bodywork. Nearly spotless engine bay. Lovely restored interior. An ultimate-spec 2002, restored to like-new standards.

Bottom Line: Now practically all BMWs are turbocharged, but this was its first production car to feature the technology—and the first turbocharged road car from any brand since GM discontinued the Corvair. The 2002 Turbo delivers 40 more horsepower than the next sportiest 2002 and delivers it with notorious turbo lag, which is just part of the charm, as are the in-your-face graphics. 2002 Turbos have soared in value over the past five years, with the best examples now commanding six figures. Prices have settled somewhat since Gooding sold a remarkable unrestored Turbo here two years ago for $192,500, but this result still seems on the low side for such a clean car.

by Hagerty Editor
1 February 2020
Hagerty
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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.