Remember when had a laugh about an E30 M3 once owned by our Editor-at-Large, Sam Smith, sold for $58,000? That was funny. Now a dealer in Ohio is for a 1991 M3 that's claimed to have the lowest mileage of any E30 M3 in the U.S. Is this dealer insane?
Well, considering a much-rarer (though higher mileage) 1990 M3 Convertible for $71,322 , the Enthusiast Auto Group is probably asking a bit much. Still that convertible had over 40,000 miles, whereas this 1991 coupe has just over 6000. It was originally used as a promotional pace car at Lime Rock, before being sold to racer David Hobbs to help Lime Rock fund a repaving.
The seller claims its had one owner since 1991 and the car appears to have lived a pampered life. The pictures included in the listing show a clean interior, though interestingly, no shots of the engine or other mechanicals are provided.
A great car for sure, but worth $200,000? Probably not, since it's not like this is a rarer Sport Evolution model, or something of the like. Thanks to its condition and ownership by Hobbs, it's worth a decent chunk of change, but not triple the cost of a new M3.