What has happened to E9 values? '73 for sale

E9Wayne

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Hello fellow coupers:

My company reorganized me into a new division in January and required a pay cut along with that. While I'm thankful to have a job, I need to sell some assets, including my E9.

Is the new economy that bad? I paid over $18K for this car less than a year ago and I didn't even get past $11K. Below is the writeup I had on Ebay last week and you can see the car in the Youtube video link at the bottom.

Anyone looking for a nice, mechanically restored, but original condition CS? PM me if interested.


Wayne

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Up for your consideration is a wonderfully preserved example of one of the most beautiful coupes ever produced, the BMW 3.0 CS, and a reliable, mechanically restored daily driver in this case. I’m the third owner of this particular car and it has unique providence: the first owner was an Armed Forces officer and the second owner a renowned BMW independent mechanic who lovingly restored this car to top mechanical condition over the last eight years. She has 169,000 miles on the odometer but the motor and chassis were overhauled within the last 10,000 miles. Vin is 2240715 and this is a West Coast car.
I need to stress that this car is absolutely original in nearly every way, which was super important to the previous owner and me. The only exceptions are MSD ignition, an updated 9 blade fan and clutch mechanism for better cooling and a front strut tower brace. The air conditioning was removed years ago and a European style console installed in its place, along with an aftermarket audio system.

Here’s what’s been done to this car: completely rebuilt engine (about 3,000 miles ago) using original block and heads, new alternator, water pump, coil, distributor with all new ignition parts, hoses and belts. She has her original Zenith dual barrel, twin carbs intact and they’ve been removed, cleaned and adjusted to deliver outstanding starting performance and overall running (even cold start works). The radiator was removed and boiled and the transmission and differential received new fluids. She got an all new exhaust system which used expensive, original BMW parts for the center and rear mufflers. A new clutch was installed and the drive shaft was balanced for smooth top end power delivery. On the chassis side, she has all new Billstein shocks at the 4 corners, new tie rods and bushings, as well as all new brake rotors, pads, calipers and stainless steel brake lines up front (even the parking brake shoes are new).

On the exterior, all the original chrome is in great condition and you’d be amazed at the lack of dents or chips. The body panels are straight and there’s no accident damage to my knowledge. Nearly all of these cars have some degree of rust but you’ll have to look long and hard to find it here: the sills, wheel wells and other usual suspect suspects in this car are in wonderful shape. Check out the floorpan too -- the two minor surface rust areas were repaired and new undercoating applied when I bought her She was resprayed about 8 years ago in her original “Nachtblau” blue paint; honestly, a better job could have been done there since there are a few cracks in the paint as you’ll see in the photos. New Hella low and high beams were installed, another important improvement over stock since the E9 Coupes were known for poor original lamps. The glass is in wonderful condition, except the windshield, which shows some pitting and a few minor stone impacts.

How does she drive? You’d be hard pressed to know this is a 36 year old car. Strong power throughout the rev range, very refined and with great handling, steering precision and braking. Shifting is smooth and precise. Honestly, this car drives better than many new cars I’ve been in (I’m in the car business). She sounds stock too, with just enough exhaust signal to broadcast that you’ve got one of the smoothest best inline six engines ever built. She starts every time and the cold start carb mode even works! I’ve never seen the temp gauge go over the 50% range even on 95 plus degree days we commonly have out here in the Orange County area.

The interior could use restoration as the leather, wood veneer, carpeting and dash vinyl are original and worn. Remarkably, all four power windows still work, wipers, turn signal stalks (new switch was installed), as well as the heating and ventilation. In typical 3.0CS fashion, the windows are molasses slow and the analog clock (which keeps accurate time) does make charming mechanical noises from time to time. The leather color is Lotus white and you can see how it has worn down and separated in some places (mostly in the front).

Other nice advantages for this car: it doesn’t have the ugly gov’t mandated auxiliary turning lamps up front and the f/r bumpers were tucked into the body years ago for a cleaner appearance. Even the rear license plate lamps are European style. She has her original trunk vinyl with all tools (sadly, tools are there but no built in, drop down kit).


http://www.youtube.com/watch?v=pauNh2i6ZVo
 
Wayne, sorry to hear about the loss (of the car & value). Wish things were better all around, but like I've said before this situation we're all in is pretty tough. Even for the employed! you said you're in the car business, right? wow, I can't imagine the uncertainty and pressure - godspeed friend!

Keep your head up and stay on this board to keep abreast of the coupe world, eh? I like to think that there is fate behind most things and try to find some sort of silver lining. The next coupe you buy will probably be better than the last.

No more free piggy bank in the form of equity lines of credit, Chicane is right, economy SUCKS (even with a 500point rally in the stock market). Those that say different need to pay closer attention to reality. Within two months almost one in ten Americans will be unemployed, yep 9%, (or at least still activly looking for work). Different than small downturns of the past, the job losses are across the board in terms of pay scale. Just as many six-figure financial services jobs evaporated as did factory workers.

Look at the positive side though, $11k will buy you a lot of canned food and ammunition to last through the next five years of economic frozen tundra!
 
yeah, i remember seening that on ebay, i was sure youd get 14 or 15 for it, im sorry about your loss also, could you keep it untill the economy evens back out? then you might get a little more dough
 
DEAR WAYNE

If you all will forgive me for the off topic ,:
Wayne , there is one tick-ing on your clip in youtube , i have exacly the same one , have you fix it after , i think it is from the valves ?!

About the prices to tell you the truth the price for your car is 14-15 k at least , if you can please my friend hold on to it ! The E9 costs money , doesnt matter the iconomical crise in the hole wide world now , it will pass ! I want to say to you not to sell it , but i know how from time to time it is a MUST !
I have own business and i have a hard time also , but my employees will be the last to feel it as long as i have financial power to hold on at this level !
I wish you many health , love and happyness , if you sell this one you will buy better one soon i know !
 
Sorry to know of your difficulty. Many of us are also experiencing some aspect of an economic reset.

In my view, Ebay is not the place a coupe, or to establish value. I too initially tried to use Ebay to sell my 76 2002 in
2004. The process was awful, and did not rise to the level of my car's integrity. I was gratified when the bids did not reach my reserve. Quick and dirty is not necessarily the thing for classic cars.

Ultimately, what helped sell my car was the word of mouth of people who knew my car had seen it at shows, and knew the level of its restoration.

My 2002 was purchased by a fellow who flew from Hawaii to NYC. He drove the car back to LA, and shipped it home.

Hopefully, you'll also have a measure of economic relief and respect during the process of selling your coupe.

Good luck
 
Great advice - now trying to keep my CS

Thanks everyone for your support...the advice has been great and I think it is ultimately true that eBay is not the best place for a car of this caliber. I'm trying some other financial "leverage" to keep my CS in the garage.

If things work out longer term, I had ultimately planned to drop in a 3.5L motor and 5 speed at Carl Nelson and restore the interior/exterior at Coupe King after that.

Wayne
 
Adjusted valves and saw 170 compression test results!

Thanks for the input on the idle clatter...the valves needed adjustment. She runs much quieter now.

My mechanic also checked compression across all six cylinders and came up with 170...that's pretty good for stock motor and pistons on a recent rebuild, isn't it?
 
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