At the media launch of the new BMW M6 Gran Coupe (our review here), BMW also brought out one of their most iconic cars: the legendary M1.

The M1 remains one of the most sought M models ever since the launch of the Motorsport division and even today it sells for over $200,000.

The M1 came to life in 1978 at the Paris Motor Show as the M divisions first ever creation.The M1 coupe was hand-built between 1978 and 1981 as a homologation special for sports car racing. The body was designed by Giugiaro, taking inspiration from the 1972 BMW Turbo show car.

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At the time of its launch, it was one of the fastest and most dynamic cars on the market. It featured a 277 horsepower 3.5-liter straight-six engine and could reach speeds in excess of 160 mph. The redline came at 7,000 rpm and the M1 was capable of accelerating from 0-62 mph in 5.6 seconds.

Only 456 production M1s were built, making it one of BMW’s rarest models.