The M1 holds a special significance for BMW, being not only the firm’s first bonafide supercar, but also the first model to be solely developed by the M Division. The driving force behind the project was Jochen Neerpasch, then head of BMW Motorsport, who wanted to create a track-focused machine that could fly the flag for the company in top-flight competition.
To challenge the all-conquering Porsche 911, Neerpasch called for the new car to be mid-engined. Lacking the capacity to produce the 400 examples required to meet homologation rules, BMW approached arguably the experts in mid-engine design: Lamborghini. A tubular steel space-frame chassis was duly created by the mastermind of the Miura, Gian Paolo Dallara. Still, with economic headwinds proving a challenge for the ailing Italian firm, the M1 project was taken in-house in April 1978.
Despite parting company with Lamborghini, the M1 remained an international affair, with its sleek, wedge-shaped glass fiber body being designed by Giorgetto Giugiaro and built by Trasformazioni Italiana Resine while the chassis was assembled by another Modena firm, Marchesi. Both were made whole at Ital Engineering, a company founded by former Sant’Agata engineers and based just 10 miles from the Lamborghini factory. The partially finished cars were then sent to Germany, where Baur installed the engine: a hand-built 3,453 cc double overhead cam, fuel-injected straight-six designed by Paul Rosche.
The magnificent 1981 BMW M1 featured here is finished in its highly desirable factory colors of Inka Orange over Black leather and fitted with nearly every available option, including factory air conditioning, power windows, and remote mirrors. Chassis number 01191 was the 191st of the 399 M1s produced and was delivered to its first owner in April 1981 by Autohaus Weissenfel BMW in Montabaur, Germany, to a local gentleman who had it serviced at BMW Munich for the duration of his ownership from 4/81-1/84. Kert Tweesmann BMW subsequently sold it in Horn-Bad Meinberg, Germany to its second owner, a prominent physician in Grand Rapids, Michigan, on July of 1984 who would be its custodian for the next 30 years until they sold it to its third owner in 2014, a Southern California collector who stored it in a climate-controlled facility and drove it sparingly.
Despite only using the car occasionally, he ensured that it was still serviced during his 8-year custodianship, including a complete engine and transmission rebuild by renowned M1 experts Korman Autoworks. Today, chassis 01191 presents in as-new condition and is arguably one of the best examples on the market today. Seldom do BMW M1s come up for sale, especially in this incredible condition and impeccable provenance! Offered to the most demanding collector, investor, or enthusiast who aspires to own one of the very best!
High Retail: $690,000.00
High Retail Value
This vehicle would be in excellent condition overall. It could be a completely restored or an extremely well maintained original vehicle showing very minimal wear. The exterior paint, trim, and mechanics are not in need of reconditioning. The interior would be in excellent condition. Note: This value does not represent a “100 Point” or “# 1” vehicle *.* “100 Point” or “# 1” vehicle is not driven. It would generally be in a museum or transported in an enclosed trailer to concourse judging and car shows. This type of car would be stored in a climate-regulated facility.
Daniel Schmitt & Co. is located in beautiful and historic St. Louis, Missouri. Our dealership spans 4 acres, boasts 3 luxurious showrooms, a state-of-the-art service department, a world-class restoration facility, and is only minutes away from Lambert International Airport. While we offer our cars for online sale and auction, we do also encourage you to visit our beautiful classic car showroom!
Family owned and operated for over 50 years, we are a classic and luxury car gallery, committed to delivering some of the rarest, highest-quality classic cars, to customers worldwide. Throughout the years, our classic car dealership has built its reputation as one of the most trusted providers of classic cars to enthusiasts, collectors or investors. We offer truly unique and beautiful motorcars for sale.
As Daniel Schmitt & Co. reviews will attest, we focus on providing a world-class automobile shopping experience with thorough descriptions and detailed images - an absolute must in the digital age, when many of our classic and investment cars are sold online. Please feel free to contact us with any questions you may have.
We look forward to working with you!
Finance rates as low as 8.9%.
We know that classic car financing can pose a unique challenge. Although a vintage or exotic car can be an excellent investment, some financial institutions attempt to apply standard “used car” rules for financing a classic car, which in many cases can make loan approval difficult.
We work closely with many banking institutions that understand and recognize the collector value of classic cars and view them as an investment, which allows us to help you get the financing you need so that you can have the car you have dreamed of.
Terms available up to 144 Months
If you have any questions, feel free to contact us, (314)291-7000 or email@example.com
* Rates vary depending on year of car, length of term and credit score.
Warranty Available. Please inquire for more information.
Please note: Shipping costs are the responsibility of the buyer. The prices listed in our ads are only shipping estimates, not the actual cost. Shipping costs vary depending on vehicle size, fuel prices, and carrier type.
Vehicle may be sold by our dealership before the end of auction.
Daniel Schmitt & Company has described the above-mentioned vehicle to the best of our ability. However, as with all pre-owned automobiles, the condition is subjective, and we recommend that the potential buyer fly out to inspect, as well as test drive any of our vehicles before finalizing their purchase. If it is not feasible for you to personally perform an inspection, we will gladly help facilitate an inspection by an independent service center of your choice and will make delivery arrangements of the vehicle for this purpose. All vehicles are sold in “AS IS” condition. Extended warranty options are available on most vehicles. Please be advised that no verbal statements concerning any vehicle constitutes a representation or warranty of said vehicle. Our goal is to provide you with the best service and buying experience as possible. All purchases include an additional $385 processing fee which covers the processing of paperwork, pre-vehicle delivery costs, FedEx shipping fees, and a 30-day temporary registration plate so that the vehicle can be driven prior to the title transfer. (ATTENTION INTERNATIONAL BUYERS: Please be aware that you will be responsible for the Federal Reserve fee(s) charged for all incoming wires).
In regards to winning bidders and Buy It Now customers: All winning bidders and Buy It Now bidders are encouraged to fly out and personally inspect the vehicle. If you deem the vehicle is not as represented upon personal inspection, we will not only refund your deposit, but will also reimburse your airfare at the cost of a coach ticket. Feedback must be left at the time of delivery upon final inspection.
Pertaining to non-eBay winners: Anyone who has provided a deposit but whose purchase is still pending, please note that said vehicle will not be held and is subject to being sold at any time until all contingencies are removed and the purchase order is signed.
The advertised mileage represents the actual miles when the car was posted online. These vehicles are test-driven and actual mileage may vary at the time of sale.
All used vehicles should be assumed to have some degree of wear. We do not manufacture our product. Each vehicle’s brand has its strengths, styles, tendencies, and shortcomings. Despite our best efforts to verify a vehicle’s mechanical condition, we are not able to warranty a manufacturer’s workmanship or a previous owner’s diligence in care of said vehicle. Due to this reason, all vehicles are sold “AS IS”. There are no mechanical guarantees, expressed or implied.
Daniel Schmitt & Co. reserves the right to end the auction at any time.
Showroom Hours Monday - Friday: 8:30 AM - 5:00 PM Saturday: 9:00 AM - 3:00 PM (open until 5:00 by appointment) Sunday: Closed