People Can't Stop Bidding For This Perfect 1988 BMW E30 M3

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Just look at it.

It was back in 1986 when BMW created a legend in order to meet homologation requirements for touring car Group A racing. The first-generation BMW M3, often referred to simply as E30 M3, was based on the original 3 Series coupe, itself internally called E30. Only 5,000 E30 M3s were initially planned though this figure increased later on. Back then, BMW was more of a premium enthusiast brand and not an all-out luxury competitor to Mercedes-Benz. BMW enthusiasts at the time were fully aware of what Munich had created. The E30 M3 was (and still is) a purist's dream machine.

Power initially came from a 2.3-liter inline-four rated at 192 horsepower and 170 lb-ft of torque, paired with a five-speed Getrag manual gearbox that directed power to the rear wheels and a limited-slip differential. Countries, where a catalytic converter wasn't required, saw a slight power bump to 197 hp and 177 lb-ft.

In 1989, European-spec M3s were upgraded to produce 212 hp. Later in the model's life cycle, the Evolution variants appeared featuring an upgraded 2.5-liter inline-four producing upwards of 235 hp.

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The E30 M3 also enjoyed a very successful motorsport career. By the time series road car production concluded in 1991, a total of 17,970 examples had been built, a vast majority of them being coupes. Just 786 convertibles were built for the European market. However, 5,300 coupes were sent to the US and today they've become highly prized collectibles. Obviously not all surviving E30 M3s are in near-perfect condition with insanely low mileage (because, you know, they were made to be driven), but this one is.

Up for sale right now on Bring A Trailer is this amazingly perfect 8,000-mile 1988 BMW E30 M3. It was sold to its first owner in California and after his passing a few years later, it was garaged and driven only occasionally by his family. Its current owner and seller purchased it in 2010 and has meticulously maintained it ever since. It was last serviced this past April and the sale includes complete service records, owner's manuals, factory wheels, and the original factory spare tire in the trunk.

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The exterior is finished in a gorgeous Zinnoberrot (bright red in German) and comes with M3-only side skirts, front and rear bumpers, and fender flares. There are even a few additional mods from an M3 Sport Evolution such as the rear spoiler, front splitter, and tow-hook cover. Inside you'll find a Natural Tan leather seats with matching carpets and door panels. Of its 8,000 miles, just 640 were added by the seller in the past decade.

As of this writing, the highest bid has reached $120,000 and the auction isn't due to end until next Tuesday, July 21. Don't be surprised to see the final price hit close to or even higher than $200k. All-original E30 M3s with such low mileage don't pop up for sale very often.

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