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My copy of "Unbeatable BMW" by Jeremy Walton is in storage, so I can't check this info exactly, but are you SURE that it's an "M" vehicle? At least here in the US, 1987 was the first year the E30 series M3 was available. Also, US values are around $10-15K for one of those original series M3s.
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1987 Venetian Blue (looks like grey) 930 Coupe
1990 Black 964 C2 Targa
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