Heroshot

1988 BMW M5

Barrett-Jackson Las Vegas 2021
Thursday, 17 June - Saturday, 19 June 2021
$68,200
Sale Price
No
Reserve
18 June 2021
Sold Date
448
Lot Number
#2-
Unrestored original
Barrett-Jackson
Auction House
Chassis no. WBSDC9307J2875177. Black over tan leather. 3453/256hp, 5-speed, BBS wheels, Michelin tires, Recaro heated front seats, original tool kit.

Evaluation: Represented as a one-owner car. That owner has driven it 87,268 miles and kept it carefully the whole way with service records to prove it. There are plenty of minor paint flaws and a small dent on the right front fender, plus the bumpers are dull. Tidy and maintained underneath. Great interior with minor wear on the driver’s seat. The imperfections re mostly forgivable, and E28 M5s so rarely come to market that all of them are special.

Bottom Line: The first generation (E28) M5 was the fastest production sedan in the world when it was new, with a 0-60 time of 6.5 seconds and a 148-mph top speed. It is also one of BMW’s rarest models with about 2200 cars produced, and as modern BMWs in general have appreciated in recent years, classic M5s are one of the cars leading the charge.

The Vegas bidders rightfully recognized this example’s careful ownership history and gave it a realistic price, one that would have seemed insane just five or so years ago.

by Andrew Newton
25 June 2021
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.