BMW M3 CSL E46 Sells For Whopping R2,3 Million at Auction

One of the country’s largest classic car auctions has closed and with it new owners of some impeccable motoring metal. Included is a M3 CSL E46 which exchanged hands for over R2,3 million! Here is what prices all of the other models sold for.

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Four of the lots at the Creative Rides Classic & Collectibles Auctions sold for over R2 million, with the grand total spent at the event on collector cars, trucks and motorcycles being in excess of R100 million. This according to CEO Kevin Derrick at the end of the two-day event at Montecasino in Johannesburg, which brought together car enthusiasts from across Gauteng and pitted them in fierce battles against national and international collectors bidding via digital live stream. 

Related: Classic American Bakkies Part of Massive Auction at Montecasino This Weekend

“On both Saturday and Sunday, we were witness to hotly contested bidding wars for incredible cars that closed at R2m or more. This sets a new South African record for four sales in this price bracket in a single auction. In total, more than 200 lots representing 112 years of automotive engineering from four continents were knocked down. Good news for the local collector car market is that the auction’s best-sellers will be staying in the country.” Derrick. 

With such an impressive number of classics going under the hammer, there were some standout contenders of the day, not only in price but with local cult status as well. Kicking the list off are the four, R2 million + sales which garnered an exhilarating response from bidders.

1964 Jaguar E-Type 3.8 Series 1 – R2 375 000

A Concours-condition stunner painted mercury silver, with an oxblood leather interior. When the Series 1 launched at the Geneva Motor Show, Enzo Ferrari called it the most beautiful car he’d ever seen, and for more than 60 years collectors have agreed. The Series 1 is widely considered to be the most valuable E-Type and as a result of its pedigree it garners high prices when going on sale.

BMW M3 CSL E46 – R2 350 000

First registered in 2005, but manufactured for six short months in 2003, the M3 CSL E46 one of the most collectable modern BMWs in the world. A total of 542 right-hand drive CSLs were built, with only 65 numbered units exported to SA. The numbers-matching 14/65 with just 26 682 km on the clock that sold this weekend exemplifies the premium that collectors place on low mileage and matching numbers.

Image: Creative Rides

1963 Corvette C2 Split Window coupé – R2 300 000

Considered on the rarer side of the moniker history, the C2 Split Window coupé was manufactured for one year when Corvettes also gained the iconic Stingray moniker. In total, 10 594 Split Window coupés were built, which makes them among the rarest and most collectable V8s in the world. As with the CSL, the value of buying internationally sought-after collector cars in rands is evidenced by comparative prices overseas.

2007 Porsche GT3 RS 997 – R2 000 000

Six-speed equipped and barely broken in with less than 44 000 km on the clock. This ticks all the collector boxes: it’s a Porsche, it’s a low-mileage, high-performance vehicle in great condition, and with only 1 909 ever produced, it’s very rare. Should you choose to risk your investment, putting your foot to the floor will take her over 300km/h.

1991 Opel Kadett Superboss – R555 000

Moving away from the million rand plus models, Derrick says one of the most unexpected knock-downs of the weekend wasn’t on a supercar, a classic or even a “traditionally” collectable brand. Compared to many other lots on auction, the hammer fall price wasn’t extremely high, either.

Image: Creative Rides

“But a knock-down price of R555 000 unequivocally sets a new national auction record for a 1991 Opel Kadett Superboss. The Superboss was a rare homologation built specifically to take on the BMW 325is that dominated Group N racing at the time, and roughly 500 of each were built here for the local market. This hammer-fall record offers yet another example of South African and, of late, international collectors’ passion for limited-edition, home-grown cars, which was evident in the ferocious battle for the Superboss. Several bidders were in the race to the R450 000 mark, but a jump to R500 000 left only the serious contenders in play. Six bids and R55 000 later, the hammer dropped for a buyer in Johannesburg.” 

 1991 BMW 325iS Evo2 – R950 000

Derrick says less surprising, but equally gratifying, was that Creative Rides broke its own SA auction record of R900 000 set in December for a BMW 325iS, colloquially known as the Gusheshe. 

“This weekend we knocked down a numbers-matching 1991 BMW 325iS Evo2 for R950 000, demonstrating that collector appetite for these cult classics remains strong. Another 325iS – this one super-charged – fetched R900 000 on Saturday. Likewise, the hammer fall of R800 000 for a V8 Ford Capri Perana was R85 000 higher than the price achieved at auction in March, demonstrating the investment value of collector cars.”

Image: Creative Rides

Derrick further adds that other models of prominence throughout the weekend included a 2012 BMW 1M which sold for R830 000 and a 2013 BMW M3 Frozen E92 which sold for the same price. Looking across the Atlantic to what the States has produced and we have a 1965 Ford Mustang GT350 Restomod which sold for R1 400 000.

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