1998 BMW M3 Convertible Market Value & Price History
The 1998 BMW M3 Convertible has a current market value of $18,000 as of Oct 13, 2026, based on 43 verified auction sales tracked by DriveIndex, with half of the verified USD sales since 2016 between $14,100 and $23,750. Based on US sales through Sep 3, 2026. 6 have sold in the past 12 months, and 7 are listed for sale from $10,990 to $17,900. The median sale price is down 14.5% over the past 12 months versus the prior year.
Data: DriveIndex. 43 verified auction sales for the 1998 BMW M3 Convertible, latest sale Sep 3, 2026. Value as of Oct 13, 2026. Methodology
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Last checked Oct 12, 2026, unless a listing shows its own date
1998 BMW M3 Convertible Price History
The median 1998 BMW M3 Convertible sold for $21,375 in 2026, against $13,150 in 2018. Each row is the median of the verified sales recorded in that calendar year, so it moves with the mix of mileages and options that came to market as well as with the market itself.
| Year | Median sale | Sales |
|---|---|---|
| 2026 | $21,375 | 6 |
| 2025 | $25,000 | 7 |
| 2024 | $18,500 | 7 |
| 2023 | $17,251 | 5 |
| 2022 | $20,250 | 5 |
| 2021 | $17,725 | 4 |
| 2020 | $18,750 | 3 |
| 2018 | $13,150 | 4 |
Years with fewer than three verified USD sales are omitted — a one-sale “median” is a single car, not a market.
Recent 1998 BMW M3 Convertible Auction Results
| Sold | Price | Mileage | Gearbox |
|---|---|---|---|
| Sep 3, 2026 | $14,100 | 49,700 mi | Automatic |
| Aug 6, 2026 | $23,000 | 66,000 mi | — |
| Jun 17, 2026 | $48,000 | 18,000 mi | Manual |
| May 16, 2026 | $22,500 | 47,000 mi | Manual |
| May 2, 2026 | $13,586 | 95,000 mi | Automatic |
| Apr 16, 2026 | $20,250 | 47,000 mi | Manual |
| Oct 5, 2025 | $20,250 | 51,000 mi | Automatic |
| Sep 28, 2025 | $17,850 | 158,000 mi | Manual |
| Aug 26, 2025 | $25,000 | 42,000 mi | Automatic |
| Jun 26, 2025 | $32,250 | 32,100 mi | Automatic |
| May 9, 2025 | $38,036 | 19,000 mi | Manual |
| Jan 11, 2025 | $28,600 | 49,108 mi | Automatic |
| Jan 7, 2025 | $11,600 | 103,000 mi | Automatic |
| Sep 1, 2024 | $11,000 | 44,000 mi | Automatic |
| Jul 24, 2024 | $16,000 | 84,000 mi | Automatic |
Verified results from the world's leading collector-car auction houses and marketplaces.
All BMW M3 Convertible auction results →See the full picture on the 1998 BMW M3 Convertible
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BMW M3 Convertible by Year
Which M3 Convertible year should you buy? Every year compared →1998 BMW M3 Convertible: Frequently Asked Questions
How much is a 1998 BMW M3 Convertible worth?
A 1998 BMW M3 Convertible is worth approximately $18,000 as of Oct 13, 2026, based on 43 verified auction sales tracked by DriveIndex. Based on US sales through Sep 3, 2026. Half of all verified sales fall between $14,100 and $23,750; the full verified range is $10,000 to $48,000. Condition, mileage and options move an individual car within that band.
How much did a 1998 BMW M3 Convertible cost new?
The 1998 BMW M3 Convertible carried an original MSRP of $43,070. Verified examples now trade around $18,000.
How much has the 1998 BMW M3 Convertible depreciated?
The 1998 BMW M3 Convertible is worth about 58% less than it cost new: it carried an original MSRP of $43,070, and verified examples now trade around $18,000. That compares today's value with the sticker price, not adjusted for inflation.
How many 1998 BMW M3 Convertible sell per year?
6 have sold at auction in the past 12 months. DriveIndex has tracked 43 1998 BMW M3 Convertible sales in total.
Are 1998 BMW M3 Convertible sale prices higher or lower than a year ago?
The median 1998 BMW M3 Convertible sale price is down 14.5% over the past 12 months versus the prior year, based on verified auction sales. That figure tracks the median of what actually sold, so it moves with the mix of mileages and options that came to market as well as with the market itself. The full Value Signal classification (appreciating, stable, bottomed, or depreciating) and its 1–5 year projection are part of DriveIndex Pro.
Where can I buy a 1998 BMW M3 Convertible?
DriveIndex lists 7 1998 BMW M3 Convertible for sale, priced from $10,990 to $17,900 (last checked Oct 12, 2026). DriveIndex aggregates for-sale listings and auction results from the world's leading collector-car auction houses and marketplaces.
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