Who's Going To Pay $745,000 For This BMW M1?

BMWs don't come cheap. But there's a limit to how much you can spend on one, at least new: $122k for an M6 convertible, $143k for an i8 ,$156k for an M760i.... Yet this one carries an asking price of $745,000.

The car in question is a 1980 BMW M1, which was not only the first M car, but the only real supercar BMW ever made – even if it only had a six-cylinder engine – thanks in no small part to development help from Lamborghini and styling by Giorgetto Giugiaro.

BMW only made 453 of them, leaving those survivors highly prized among collectors. With just 8,441 miles on the odometer and presented in what looks like immaculate condition, this US example is sure to catch an eye or two. But is $745,000 too much to ask?

RM Sotheby's, for reference, sold one similar little less than a year ago at Pebble Beach for $577,500, and that had even fewer miles on it. Another example with just 424 miles on the clock failed to meet its reserve price, though, late in 2015, on the back of a ~$900k valuation.

The $745k asking price on this one seems a bit ambitious, then. But even if someone pays it, it still won't be the most expensive BMW on the market, as 507 roadsters from the late 1950s typically sell for a million or two.