Rare 1989 BMW M3 E30 Cabriolet with 32,700 miles hits market for £100,000 - one of only 786 made, in original condition with unique Ravaglia M-cloth interior Rare 1989 BMW M3 E30 Cabriolet with 32,700 miles hits market for £100,000 - one of only 786 made, in original condition with unique Ravaglia M-cloth interior

Iconic BMW built in 1989 goes on sale for astonishing £100,000 – four times the original price

Rare 1989 BMW M3 E30 Cabriolet with 32,700 miles hits market for £100,000 – one of only 786 made, in original condition with unique Ravaglia M-cloth interior

A 36-year-old car has gone on the market for an astonishing £100,000.

The red 1989 BMW M3 has got 32,700 miles on the clock.

The E30 Cabriolet is described as “competition car underneath, convertible up top”.

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And there were only 786 examples produced.

Brand new 35 years ago, it would have cost £24,000 – or £62,000 in today’s money, taking into account inflation.

The German-made motor can do 0-62mph in 7.5 seconds and produces 195bhp, as reported by Luxury Auto News.

Rare 1989 BMW M3 E30 Cabriolet with 32,700 miles hits market for £100,000 - one of only 786 made, in original condition with unique Ravaglia M-cloth interior
1989 BMW M3 E30 Cabriolet for sale. (Jam Press/ICONIC AUCTIONEERS/Alan Kenny)

Its listing reads: “The car was delivered new in Germany in July 1989 and sold to a wealthy German businessman, who only ever used it on dry summer days.

“It was imported into the UK in February 1997 via BMW specialists Munich Legends and was sold to the publisher of BMW Car magazine, Colin Wilkinson.

Rare 1989 BMW M3 E30 Cabriolet with 32,700 miles hits market for £100,000 - one of only 786 made, in original condition with unique Ravaglia M-cloth interior
1989 BMW M3 E30 Cabriolet for sale. (Jam Press/ICONIC AUCTIONEERS/Alan Kenny)

“The car had covered just 16,000 miles by this point, this mileage being accrued by just its original German owner, and was still on its original tyres.

“In striking Misano red paintwork, it is believed to be the only example produced with the special Ravaglia M-cloth inserts in the seats and doors.

Rare 1989 BMW M3 E30 Cabriolet with 32,700 miles hits market for £100,000 - one of only 786 made, in original condition with unique Ravaglia M-cloth interior
1989 BMW M3 E30 Cabriolet for sale. (Jam Press/ICONIC AUCTIONEERS/Alan Kenny)

“It remains in wholly original condition, commensurate with that level of diligent ownership.”

According to the sellers, the history file confirms the continuity of ownership.

And the service history has been described as “equally as impressive”, having been carried out by marque specialists back at Munich Legends or at BMW, with service stamps accordingly in the car’s original booklet.

Rare 1989 BMW M3 E30 Cabriolet with 32,700 miles hits market for £100,000 - one of only 786 made, in original condition with unique Ravaglia M-cloth interior
1989 BMW M3 E30 Cabriolet for sale. (Jam Press/ICONIC AUCTIONEERS/Alan Kenny)

The listing adds: “Our vendor continued this tradition, treating the car to a full Sytner BMW Inspection, service and Health Check.

“All the ingredients are there with this car – from the ultra-cool era of BMW, a motorsport pedigree, small production numbers, originality, dutiful ownership and superb condition – make no mistake, a best of breed E30 M3 Cabriolet is a car to watch.”

It is for sale with Iconic Auctioneers.

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