Dramatic increase of value for 3.0 CSL (500 000 euro)

CSL 1973

CSL 1973

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Due to January 2008 issue of BMW Magazine, there will be a dramatic increase of value for vintage BMWs. The article refer to BMW 328, M1 and 3.0 CSL. The value of a certified 3.0 CSL is estimated to reach 500 000 euro.

Please note that this estimation is not mine. I only refer to the article in this month's issue of the official BMW Magazine.

Interesting reading for us who are CSL owners. Think twice before considering to sell your car.

Cheers
 
CSL 1973 said:
Due to January 2008 issue of BMW Magazine, there will be a dramatic increase of value for vintage BMWs. The article refer to BMW 328, M1 and 3.0 CSL. The value of a certified 3.0 CSL is estimated to reach 500 000 euro.
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I'd certainly be interested to read this article :shock:

Personally I doubt that a CSL would ever reach the Euro 500k mark - one of the Batmobils with 'famous' previous owners perhaps could, but not a 'standard' CSL.
Question is also: By when do they expect the cars to hit these exorbitant prices?

I could well imagine however that a 328 and an M1 at some point would reach these price points ... prices of the 507 are already north of 500k euro.

Anyway, for now I am not planning to sell the CSL, but am instead making small improvements/repairs here and there and looking forward to the arrival of Spring :D :D
 
Personally the m1 doesn't do it for me - no decent racing pedigree - Ithink csl's will outstrip m1 values in time.
 
The article is reflecting BMW Vintage cars like 328, 507, M1 and 3.0 CSL as a piece of art and totallly independant from economical ups and downs (for instance on the stock market). BMW 328 is estimated to reach 550 000 euro, M1 is not so "hot" anymore with 125 000 euro and for the 3.0 CSL there could be, due to the article, sky high/rocket evolution to 500 000 euro.

Klaus Kutsher, director at Mobile Tradition, has been interviewed and he confirms the dramatic increase in interest for BMWs belonging to this category of milestones in the car history.

Also a connesseur namned Thomas Rupf at Mirbach is interviewed and he has noticed a strong increase in prices for classical BMWs like 3.0 CSL.

http://www.mirbach.de/
 
prices

I also think I saw that a 507 recently went at auction for $800K+ (US). different pedigree obviously, but that's a pretty dramatic increase for those cars as well.

'bout time!
 
Umm, REALITY CHECK!

500K Euros is $733 USD, to say that is unrealistic is beyond hyperbole.
Especially when you can now get a nice CSL for a tenth of that.

Maybe you misread the amount?
 
I have the article and it says a “3.0 CSL (racecar)”, I presume they mean batmobile because they show a picture of a bat, was worth $150,000.00 in 2004 and is now worth $450,000.00 in 2007; I guess they got the exchange rate wrong in one of the magazines... The article also goes on to say “recent pristine examples of a 507 have fetched as much as $500,000.00.” Being a BMW publication they have to put a plug in for the “glorious” 2008 M3 and how many BMW models are “destined to become desirable” and “collectors can hedge their bets by purchasing potential future classic models at reasonable prices.”

Scott
 
I think the article is written in Germany and the original price estimates are based upon euros. Any miscalculation could logically speaking then be for other currencies. But once again, I just refer to what is written in the BMW Magazine article.

The picture shows a CSL racecar but the text with the price estimates says the following:

"BMW 3.0 CSL 1971-1975 estimate in 2004: 110 000 euros, today up to 500 000 euro. Equipped with spoiler set etc: 1265 exemplares were built for the road. Developed by Motorsport dept of BMW, this model with 1165 kg was only a homologation version. A rare car and therefore expensive."

To me it sounds like they are talking about any of the 1265 produced CSLs and that certified top exemplares (1165kg?) in good condition could reach as much as 500 000 euros.

Due to my knowledge the production figures and number of traced cars is the following:

BMW 3.0 CSL (CS VIN range: VIN 2210-2211-2212xxx carb): 169 cars produced (30 cars traced)

BMW 3.0 CSL LHD (code 3451: VIN 2275xxx): 429 + 110 bat cars produced (200 cars traced)

BMW 3.0 CSL RHD (code 3452: VIN 2285xxx): 500 cars produced (280 cars traced)

BMW 3.0 CSL (code 7071: VIN 4355xxx): 57 bat cars produced (30 cars traced)

All in all, out of 1265 BMW 3.0 CSLs built, today about 540 cars are traced (i.e. less than 50%).

Due to Mobile Tradition, there were very few cars without city package (1165 kg cars) produced and I think these are the most rare ones.

Please correct me if I'm wrong with the above mentioned info.

Cheers
 
Indeed, a genuine "light and early" CSL is very difficult to find. Cannot be many left in orginal and good condition.

In reference to the famous article in BMW Magazine, I think it is a clear trend that investors now consider, besides rare Ferraris etc, that also vintage BMWs are like a piece of art.

The estimated price evoluation for the "creme de la creme" BMW cars like 328, 507, M1 and 3.0 CSL will certainly go sky high in the near future and already now, there are signs that CSL could pass M1 in value. For sure, this will generate an increased overall interest for all E9 coupés.

As a consequense, I think we will see an increased availability in spare-parts/re-produced parts, E9-knowledge and specialists. All in all, helping us to keep our beloved E9s in good condition.

Cheers
 
Hell, my post quotient is down, I haven't pissed anyone off in a while in this forum, and holidays are over. Something must give, and my patience for speculators pricing our cars has reached its limit.

I just have to say that while I love E9s, and indeed many BMWs of both modern and vintage provenance, it's the height of ridiculous if any E9 reaches $1M in value, unless perhaps it was driven by Hans Stuck or owned by Michael Schumacher.

Look, these cars may be somewhat rare, certainly the Bats are, but they're JUST NOT THAT EXOTIC. The engines and running gear are garden variety, shared with much more common models. That's one of the reason I love my E9.

Let me be the voice of reason here folks, if anyone wants to give me $100K today for my CSL I'd sell it in a heartbeat (for several reasons, not the least of which is that amount would buy me half a red front engine V12 car with a prancing pony on the nose, which does have the exotic flavor befitting such a pricetag). Of course I wouldn't drive it much, most certainly not in to the city for drinks with the boys.

Keep the country country
Keep Santa Cruz weird
Keep CSLs (and all E9s) rooted in reality please
 
corsachili said:
Hell, my post quotient is down, I haven't pissed anyone off in a while in this forum, and holidays are over. Something must give, and my patience for speculators pricing our cars has reached its limit.

I just have to say that while I love E9s, and indeed many BMWs of both modern and vintage provenance, it's the height of ridiculous if any E9 reaches $1M in value, unless perhaps it was driven by Hans Stuck or owned by Michael Schumacher.

Look, these cars may be somewhat rare, certainly the Bats are, but they're JUST NOT THAT EXOTIC. The engines and running gear are garden variety, shared with much more common models. That's one of the reason I love my E9.

Let me be the voice of reason here folks, if anyone wants to give me $100K today for my CSL I'd sell it in a heartbeat (for several reasons, not the least of which is that amount would buy me half a red front engine V12 car with a prancing pony on the nose, which does have the exotic flavor befitting such a pricetag). Of course I wouldn't drive it much, most certainly not in to the city for drinks with the boys.
Click to expand...

+2. I just cannot get over the pre-occupation with the value of the E9's on this forum. If you are hoping for your E9 to be your 401K, forget it. Inflation is keeping up with you.

Like corsachili said these cars are just not that exotic and when you get into six figure there are a whole lot more exotic vintage cars that you are then competing with for the money. Granted an E9 with a significant racing history could easily go for six figures. But your garden variety CSL just is not going to compete with a Ferrari 365 of the same era...no way.
 
The bottom line is that these cars are worth what someone will pay you for them. These magazine articles come and go. I remember 10 years ago, an article stating that big healeys would soon be worth 50k. It took about 10 years for that to happen. Enjoy your cars, baby them if you like, and who knows. Maybe they will reach substantial value. If not, you'll still have a smile on you face.- :D - Paul
 
I think the point the article was making was that a CSL with a successful Racing History in pristine magicial condition with the ability to go out and perform at the Historics and like events would possibly reach this number.
Just look at some of dollar amounts on vintage racecar sites. $1m racecars are out there all the time .It is kinda crazy imho.
I agree with TJ & Paul regarding our coupes , Maybe we will see 100k csls and 50k csis , but it is going to cost you 70k in restoration to get 50k in sales.


PJ
 
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