Customized 1988 BMW 6-Series Coupe with M5 Engine: Priced at... $250,000!

Update: After dropping down to $45,000 for a day, the seller of the customized BMW 6er has reinstated the initial 'Starting Price' on eBay at $250,000. Here's what she he said:

"I decided today that it is not worth parting with my baby for less than $250,000. So the price starts here, regardless of any logic. It's mine and when someone wants it they have to pay my price to get it, period. Otherwise one shall build his/her own."

Yes, you read correctly; up until today, the asking price on eBay for this customized 1988 BMW 6-Series Coupe was a mouth-dropping quarter of a million dollars. Almost as insane as the $950,000 for the pipe-dream Plymouth Road Runner Concept we told you about in a recent posting. However, after a truckload of questions and suggestions but not a single offer, the seller decided to change tune and reset the auction setting a starting bid of $45,000.

So what's so special about this Bavarian 'shark', we hear you ask?

Well, aside from the obvious (rims, bodywork, special bodykit, full leather interior etc), the 1988 635 CSi Automatic has been completely overhauled mechanically with a 315HP 3.5-liter inline six-cylinder engine from the 1992 M5 E45 and a manual gearbox.

Overall, the seller claims to have spent over $20,000 in parts and more than five years of his life in building this project which he says comes to a total net cost of more than $92,000.

And while we truly admire his dedication to the project (read the detailed description on the eBay page), somehow we find it extremely hard that he'll even come close to breaking even.

On a side note, we couldn't help ourselves from looking at the pictures of the classic 6-Series again and again, thinking how well the coupe's "aggressively-elegant" design has aged and wondering if we'll be saying the same for its current day descendant in 30 years from now...

Link: eBay , Hat Tip to Greg!