Misallocation

2005 BMW M3 Convertible

Sold at Mecum Auctions on May 15, 2025.

$35,200Confirmed

The price as reported by the house. Hammer price $32,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
2005
Make and model
BMW M3
Generation
E46 M3
Version
M3 Convertible
Gearbox
Manual
VIN
WBSBR93425PK08423
Condition
Excellent (2)Likely

Condition is our reading of the listing's description on Hagerty's 1 to 4 scale, not an inspection.

Against comparable sales

Above the middle half of 206 comparable sales, 16% over its top.

Middle half of sales$17,000 to $27,500
Median$21,250
Sales behind it206Likely

From 206 sales of the BMW M3 Convertible (E46 M3) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $17,000 and $27,500.

Closest sales

Closest comparable sales
CarAuctionDatePrice
2005 BMW M3 Convertible 6-SpeedBring a Trailer, Sept. 25, 2026Bring a TrailerSept. 25, 2026$7,646
2005 BMW M3 ConvertibleCars & Bids, June 9, 2026Cars & BidsJune 9, 2026$15,750
2005 BMW M3 Convertible 6-SpeedBring a Trailer, April 18, 2026Bring a TrailerApril 18, 2026$28,000
2005 BMW M3 Convertible 6-SpeedBring a Trailer, Jan. 16, 2026Bring a TrailerJan. 16, 2026$33,000
2005 BMW M3 Convertible 6-SpeedBring a Trailer, Oct. 8, 2025Bring a TrailerOct. 8, 2025$12,600
2005 BMW M3 CONVERTIBLEBarrett-Jackson, Jan. 22, 2025Barrett-JacksonJan. 22, 2025$13,000
2004 BMW M3 Convertible 6-SpeedBring a Trailer, Oct. 26, 2026Bring a TrailerOct. 26, 2026$42,500
2004 BMW M3 Convertible 6-Speed ConversionBring a Trailer, Oct. 20, 2026Bring a TrailerOct. 20, 2026$27,250