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No, you missed my point, which was actually two points. 1) The E39 M5 is not that rare and that EAG is overvaluing these low mileage examples, and 2) People that are buying them are at least partially, if not entirely, buying them as an investment, which means they would be foolish to go putting more than a few miles on them.
Oh thats great too know but you seemed to forget to put some links for the other 10 that are for sale right now....obviously that would end the confusion as to weather they are rare or not.
 

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All the comments about how this car is too expensive and not worth it made by people who think that $150K is a lot of money. But the reality is - there are a LOT of people in this world who will spend $150K on a car without even thinking twice. Its just not that much for them. That's all.
 

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Oh thats great too know but you seemed to forget to put some links for the other 10 that are for sale right now....obviously that would end the confusion as to weather they are rare or not.
Show me where I said that E39 M5s with less than 10k miles aren't rare.

All the comments about how this car is too expensive and not worth it made by people who think that $150K is a lot of money. But the reality is - there are a LOT of people in this world who will spend $150K on a car without even thinking twice. Its just not that much for them. That's all.
You're absolutely right. It's all relative. Still don't think the car is worth that much but that's just me.
 

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EAG scooped that car up from some dealer in MI for 75 grand and sold it for 150.

if you watch any of the EAG videos on youtube you will understand what kind of people buy those kind of cars from them. Its usually filthy rich people with multiple collector grade cars in their stable and owning mint examples is what gives them the satisfaction, not driving them. His clients routinely trade in previously purchased EAG cars for other rare BMWs. That is why he has so many "repeat visitors" and makes money on the same car over and over and over again. Those cars go from collector to collector in enclosed trailers without seeing any significant miles and EAG makes a profit every time it switches hands. Those sub 20k mile cars probably have had more previous owners documented in carfax than the average 100k mile E39.

You are correct in that if you start daily driving that car, the value will drop like a rock but that is not the kinda future that car will have. Unlike the 90k LSB M3 that sold on BaT and the owner plans to triple the mileage in 3 years which in my opinion is an idiotic decision. If you're going to spend 90 grand on a LSB E46 you store it in the garage and preserve its value. If you want to DD a LSB with zero door dings then get a low mileage basic color E46 and spend 10 grand on a quality LSB paint job and you'll save 50 grand and still have a LSB with perfect body panels.... To each his own though
 

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Unlike the 90k LSB M3 that sold on BaT
Just to clear one thing up for those that weren't aware... That car didn't actually sell for $90k. The buyer never paid. It was discussed in the comments. Completely agree with your other points though.

 

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Just to clear one thing up for those that weren't aware... That car didn't actually sell for $90k. The buyer never paid. It was discussed in the comments. Completely agree with your other points though.

second highest bidder picked it up for very close to 90 grand
 
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