1968 BMW 2002 Coupe

[johnpeter]

Price: $4100

Location: United States

Description:

1968 BMW 2002 Coupe On Ebay

 

https://www.ebay.com/itm/1968-BMW-2002-Coupe/233585139494?

 

[adawil2002]

He should give up on ebay, it hasn't ever come close to the reserve. Was listed on Hemmings with a Price of $36,500.

[steve oneill]

Andrew, what is your sense of what it is worth? What it would sell for?  Is it as fine as it appears to my eyes?

 

Steve

[Conserv]

It really looks like a nice example. Great color, too! But,

 

(A.) the early cars, in general — whether they be 1600-2’s or 2002’s — do not attract the values of the “middle-era” cars (e.g., 1972-73). I can’t explain why, especially when I compare it to the craze over 1963-1965 911’s, but I guess that the ‘02 community simply has fewer fans for the earlier cars. And, curiously, everyone with a post-April 1971 ‘02 seems to remove the knee trim to make their car look like the early models! The most gorgeous examples of early (1966-68) 1600-2’s and 2002’s, however, seem to have a $30,000 ceiling, based on public sales, and very, very few exceed $25,000. So the general market for early examples imposes some sort of a limit on value.

 

and

 

(B.) this car, in particular, lacks its original engine. My gut — which may be worthless — says that the lack of an original engine in many ‘02’s has little or no effect on market value. Yes, I believe that! Most ‘02 owners are simply not obsessed with originality — present company excepted! But this particular early ‘02 is so original and complete that I suspect many of the most likely buyers are genuinely turned off by the lack of the original engine. Again, this is one person’s opinion: mine.

 

I personally — and I undeniably have a hard-on for 1968 model year 2002’s ? — couldn’t imagine buying this car, period, because I believe I could find a 1968 with its original engine. And I can’t imagine anyone paying more than $25,000 for it.

 

My opinion.

 

Regards,

 

Steve

 

 

 

Edited May 15, 2020 by Conserv

[Conserv]

I knew Les had the number, but it took a while to find it. The seller paid $27K for the car at a Sothebys auction. That, in my mind, is all the money, and then some!

 

Here's the earlier thread where Les brings up the Sothebys auction.
 

 

Regards,

 

Steve

 

Edited May 13, 2020 by Conserv

[02Les]

After 7 or so months on Ebay, I guess the Owner is regretting buying it, thinking he would make some money.

[Jim_75Sahara]

I had an opportunity to buy this 68 Polaris 02 before Reggie Stewart purchased it. The seller wanted $18,000 for it at that time. It needed some things fixed, which Reggie did once he owned it. So, it's definitely a better car now, but the value did not go up nearly so much as the seller seems to think.

[Javi Gutierrez]

I also got to see and drive this car when it was at the Sotheby's auction last year. I've added comments about it on the previous posts, but if anyone's interested I can tell them what I saw. 

Edited May 15, 2020 by javi_gutierrez

[Conserv]

Bidding ended at $25,100, reserve not met.

 

Regards,

 

Steve