Oh boy. This could end really badly for someone.
https://bringatrailer.com/listing/1971-bmw-3-0csi-2/
https://bringatrailer.com/listing/1971-bmw-3-0csi-2/
Your advice is worth more than 5 cents. If prices continue rising, then these cars will be bought back from the dead.I've said this before but you can laugh now but in the not too distant future people will kick themselves for not grabbing this at the right price.
Demand only has to stay the same for the price paid for coupes of all conditions to continue to rise on account of limited supply. The same is true for many parts.
It may differ a bit in the US but you can't find a decent CSi for under 100k in Australia. If I say this for around 10k AUD I'd seriously consider it as for a savvy restorer you've plenty of head room for a quality restoration and profit.
Just my five cents worth.
So that’s about $70k US. I’m throwing this out there more to see what others think than proclaiming I know the truth. But I still don’t see this car being economical for a long time in the US. My sense is top US shops wouldn’t touch it for less than $100k to get it to a $70k car. Might be $150k to get it to a $100k+ car. We saw with @scottevest the type of creep and problems which can occur with unfamiliar shops doing much more basic work on his good condition car. You’d need mad skills & lots of time or ship it to Hungary. In addition to what Markos so ably recounts, every part of the car needs to be touched and some of the parts they do show, like the mirrors, are wrong or unusable. Tough to judge how much of the engine & interior are salvageable. I think there are better cars at BHCC to use as a starting point which would save you $20-$30k in the long run. If it were a CSL, it would make sense all day long, but I don’t think being a CSi bumps it up enough to make it up in the US, at least for the foreseeable future.I've said this before but you can laugh now but in the not too distant future people will kick themselves for not grabbing this at the right price.
Demand only has to stay the same for the price paid for coupes of all conditions to continue to rise on account of limited supply. The same is true for many parts.
It may differ a bit in the US but you can't find a decent CSi for under 100k in Australia. If I say this for around 10k AUD I'd seriously consider it as for a savvy restorer you've plenty of head room for a quality restoration and profit.
Just my five cents worth.
Terrific guys. This is like two surgeons, Dr. Mark and Dr. Jay, debating about a patient in hospice with bone cancer that has matastasized to every organ in the poor devil's body. To paraphrase Dr. Jay, "I still don't see this patient having any chance of living unless there are Star Trek like advances in medicine."Agreed that it is a tough road and nobody can fault someone for sacrificing this one. Taking mine part however, I realized how saveable it is. It is an exercise in saving a car. Technically you could end up with a better car for the money, but the risk “seem” much higher. In reality though, for folks with cash on hand, buying a known turd is less risky than buying a $80K+ car that looks nice on the outside. Even @Dan Mooney has found rust while gently dissecting parts of his gorgeous CSI. It’s always somewhere. You just have to have big cojones to kick off a checkbook restoration with a starting point like this. Finding one in similar condition with better inner fenders would be a good alternative.
Don’t part it out! Yeah I did it but someone cut off the firewall VIN. Even if it was restored it still had a black eye.![]()
Yes, but I bid on it, so I'm an optimist.Terrific guys. This is like two surgeons, Dr. Mark and Dr. Jay, debating about a patient in hospice with bone cancer that has matastasized to every organ in the poor devil's body. To paraphrase Dr. Jay, "I still don't see this patient having any chance of living unless there are Star Trek like advances in medicine."
Interesting. My observations obviously have a very Australian flair. Over here E9s are quite rare in any condition compared to 911s, which you practically trip over.don't know @Wes … here in Belgium , E9 's partly succes is due sky high 911 prices…. but those are over the top now and prices falling. I expect to see the same with E9's , as a part of potential buyers with a "50K euro" budget will return to 911's.
Without challenging Wes's knowledge of his local market I can say that Hagerty Insurance agrees with you Barry, that European prices have reached an immediate peak. Their valuations of RHD City Pack CSLs are down 4% from last year.don't know @Wes … here in Belgium , E9 's partly succes is due sky high 911 prices…. but those are over the top now and prices falling. I expect to see the same with E9's , as a part of potential buyers with a "50K euro" budget will return to 911's.
I've been looking for 3.0 CSi for about a year and I have to say that Hagerty's valuations of CSis is currently low. Does that mean the market is reaching a peak? possibly but the reality is that in order to buy a good RHD (!), solid, original, rust free car in the UK, I'm looking at paying what Hagerty suggest is a "Concours" price as opposed to "Excellent"!Without challenging Wes's knowledge of his local market I can say that Hagerty Insurance agrees with you Barry, that European prices have reached an immediate peak. Their valuations of RHD City Pack CSLs are down 4% from last year.
https://www.hagertyinsurance.co.uk/classiccarvalue
Good afternoon MichaelI've been looking for 3.0 CSi for about a year and I have to say that Hagerty's valuations of CSis is currently low. Does that mean the market is reaching a peak? possibly but the reality is that in order to buy a good RHD (!), solid, original, rust free car in the UK, I'm looking at paying what Hagerty suggest is a "Concours" price as opposed to "Excellent"!