This 437-Mile 2002 BMW M5 Sold for $176,000 at Auction

All photos by Gooding & Company
All photos by Gooding & Company

To many, the 1999 to 2003 E39 BMW M5 is the best sedan BMW’s ever built. With its powerful naturally aspirated V8 engine, lovely six-speed manual, and incredible agility all built into a practical and downright gorgeous package, it remains a benchmark even today. But does that legendary status justify this $176,000 auction purchase?

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“Time Capsule Example,” collector-car auction house Gooding & Company writes in its description for this Titanium Silver 2002 BMW M5, which was put up for auction in Pebble Beach in late August.

Those words may not be hyperbole, either, because looking at the photos, you’ll see an odometer reading just 437 miles, beautiful black Nappa leather seats, and an exterior that may as well have been bubbled-wrapped from the factory.

Illustration for article titled This 437-Mile 2002 BMW M5 Sold for $176,000 at Auction

The auction site says the car has been “meticulously serviced,” and spent most of its time in a climate-controlled storage area. The M5—which comes with the original window sticker, service records, and BMW accessories—was apparently owned by a California BMW fan who “acquired two of nearly every car in his collection, one to drive and one to preserve.”

Illustration for article titled This 437-Mile 2002 BMW M5 Sold for $176,000 at Auction

This is apparently the E39 he preserved, and car culture is richer because of it. So is the seller.

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Looks like we should have all purchased and stored E39 M5s back in the early 2000s, because good lord, have these gone up in value.

Illustration for article titled This 437-Mile 2002 BMW M5 Sold for $176,000 at Auction
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Illustration for article titled This 437-Mile 2002 BMW M5 Sold for $176,000 at Auction
Illustration for article titled This 437-Mile 2002 BMW M5 Sold for $176,000 at Auction
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Illustration for article titled This 437-Mile 2002 BMW M5 Sold for $176,000 at Auction
Illustration for article titled This 437-Mile 2002 BMW M5 Sold for $176,000 at Auction
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Illustration for article titled This 437-Mile 2002 BMW M5 Sold for $176,000 at Auction
Illustration for article titled This 437-Mile 2002 BMW M5 Sold for $176,000 at Auction
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Illustration for article titled This 437-Mile 2002 BMW M5 Sold for $176,000 at Auction

Sr. Tech Editor, Jalopnik. Owner of far too many Jeeps (Including a Jeep Comanche). Follow my instagram (@davidntracy). Always interested in hearing from engineers—email me.

DISCUSSION

PartyPooper2012
PartyPooper2012

I may be out of the loop on the whole BMW fanboy club, but financially reasoning, I can pick up a brand new M5 for a bit less than $176,000

Why is 16 year old car this car worth 176,000?