We all know about the BMW M1, the supercar that was designed by Gorgietto Giugiaro, was originally being built by Lamborghini and eventually spawned BMW’s M Division. The M1 is an absolute legend in the automotive world. The only issue with it was that it was doomed from the get go. It was originally designed for homologation purposes so BMW could go racing with it. However, the FIA changed the rules as soon as the M1 was finished with production and BMW could no longer use it. So BMW ended up creating the Procar series for it, but the racing series didn’t gain much traction and eventually went belly-up and the M1 eventually went with it.
Only 450 BMW M1s were developed and only 399 were built for road use, making them extremely rare. Even rarer still, is a BMW M1 that’s still in perfect working condition, as it’s not as if parts of in a large supply. However, there is one out there that’s still in pristine condition.
A BMW M1, chassis number WBS59910004301426 to be exact, was delivered to an Italian dealer that never ended up selling it. Baseball legend, Pete Rose, decided to have a broker buy it for him, but he never took delivery of it. So it sat in the Italian dealer’s warehouse for almost three decades before the brokerage firm finally sold it and the current owner is going to sell it at the RM Sotheby’s auction in New York.
This particular M1 is one of the few built in Arctic White, only has 423 miles on it and is set to break the current record for the most expensive BMW M1 ever sold. The current record for an M1 is $845,000, but this one is said to possibly crest $1,000,000. That’s an incredible price and would put the BMW M1 in the leagues of some classic Ferraris and Porsches.[Source: Autoblog]