2002 BMW M5 With 437 Miles Auctioned for $176,000
Auction house Gooding & Company’s stock M5 has a crazy price, but the E39 is one of the most revered models ever made.
A brand new 2019 BMW M5 runs just over $100,000 without adding a single option. One guy spent a heck of a lot more than that to get his hands on a 2002 BMW M5 with a paltry 437 miles on the odometer.
According to Jalopnik, this gem of a car sold at auction for $176,000. It sounds crazy to most people, but this M5 is something special. Yes, there’s that ridiculously low mileage, but it’s also the car itself. The E39 generation of the M5 is widely considered the best BMW ever built. Even with a few more miles, it would fetch a handsome price.
Near-perfect BMW M5
Auction house Gooding & Company listed this M5 with an expected sale price somewhere between $140,000 and $180,000. It had no reserve and clearly didn’t need one since it nearly beat the estimates.
In addition to its low mileage, this thing is simply pristine. It was kept in a climate-controlled storage facility and regularly serviced to ensure it stayed in working order. The Black Nappa leather seats show nary a mark and the whole interior looks like it just rolled off the assembly line. This thing is perfection.
If you’re wondering how someone bought this and never drove it, there’s an easy answer. It was originally purchased by BMW collector Glen Konkle. His collection includes two of nearly every model he purchases. He buys one to drive and one to sit carefully preserved.
That includes the pre-delivery inspection stickers, original accessories, and license plate bracket in its original wrapper. There’s even the original owner’s manual, which includes a VHS tape on how to make the most of your new purchase. You can probably pick up a vintage player for a lot less than it cost some lucky guy to get his hands on this M5.
Photos: Gooding & Company