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Price opinion from advertisements and recorded sales. Not an inspection or a certified valuation.
A call page
Wrong

BMW E39 M5 manual, no reserve, called 24 Sep 2026.

Published before the hammer on 24 Sep 2026 and graded against what the car actually made. The thesis below is the one that went up, unedited.

$45,500
Called
$35,000 – $58,000
Band published
$53,388
The car made
−14.8%
Out by
Called 24 Sep 2026 → resolved 30 Sep 2026 · six days later
What happened
Sold $53,388 at no reserve at Bull Creek, Western Australia, inside its band. The call was 14.8 per cent low.
The workingWritten 24 Sep 2026, unedited since

A 1999 BMW E39 M5 running at no reserve on Collecting Cars out of Bull Creek, Western Australia — Silverstone over blue and black two-tone leather, 196,644 kilometres supported by the service file, six-speed manual, an import, one key, last serviced July 2023 at 194,948km by Auto Classic BMW with gearbox oil and a new output shaft seal.

The car is ordinary for this record and the lot page is not

Nine Australian results sit behind this entry and this lot lands squarely between two of them: $57,500 at 162,561km in December 2025 and $44,000 at 233,930km in March 2025. Nothing about the car itself is unusual.

What is unusual is a public argument about its history, running under the lot while it bids

A bidder states the car spent most of its life in Mauritius rather than South Africa and that the entire right-hand side was replaced after a rally training accident. The seller answers that the bidder tried to buy the car privately more than once and was refused. The previous vendor answers separately that he sold it from a South African family of doctors, that Mauritius was a period of use rather than an origin, and that he found no evidence of accident damage. The listing itself declares no damage.

This desk assumes a car is not being falsely advertised, and that rule is applied here rather than suspended

No accident penalty is taken, because no accident is established and the only person asserting one has a stated commercial motive.

What is taken is minus 4 for the room,

Not for the car. A dispute that a bidder has to read before bidding narrows the pool whatever its merits, and that is a liquidity fact rather than a condition finding.

The stack against $57,000

Minus 5 for 196,644 kilometres against the 173,000 expected of a 1999 car, minus 6 for the first year of the run, plus 8 for full service documentation, minus 12 for an import on a model BMW sold here new, minus 2 for one key, minus 4 for the dispute. Composed, minus 20.2 per cent, and $45,512.

The call is $45,500 and no judgement sits on top of it

Predicted hammer $35,000 to $58,000, midpoint $45,500.

No reserve is the other half of this call

Every no-reserve lot sells, so this one will produce a hammer rather than an argument, and a contested car with no floor under it can go a long way in either direction. That is why the band is published at its full measured width and not trimmed.

Where this number came from

The call is a prediction of one hammer. The record behind it is the Australian evidence for the model as a whole, and it carries its own grade for how much of that evidence exists.

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