For Sale at Auction: 1980 BMW M1 in Monterey, California

Vehicle Description

Chassis No. 94301057

By the late 1970s, BMW's "M" division had firmly established itself as a world-class force in motorsport, following a legacy of success that began with the lightweight 328s in the 1940 Mille Miglia and continued with the 700RS and the BMW 2002 in the 1960s and early 1970s. This momentum culminated in the creation of the BMW M1, the division's first fully independent engineering project. Designed to compete with Porsche in Group 5 racing, the M1 featured a mid-engine layout, a tubular space frame chassis by Gianpaolo Dallara, and a striking wedge design by Giorgetto Giugiaro, which made it as aggressive looking as anything on the road. Production delays stemming from a failed partnership with Lamborghini led to a collaborative effort among TIR, ItalDesign, Karosserie Karl Baur, and BMW Motorsport, resulting in the production of 453 cars between 1978 and 1981, including road and racing versions.

The M1's existence however is synonymous with motorsport fans with the Procar series of 1979 and 1980. Procar was effectively a one-make championship series showcasing the very best talent from Formula One, the World Sportscar Championship, and European Touring Car Championship. First proposed by Jochen Neerpasch, head of BMW's Motorsport division, the Procar series was largely born of a rule change by the FIA that required 400 Group 4 cars to be built before the M1 could be further homologated for Group 5. As a result of Neerpasch's genius, many of the races kicked off pre-existing F1 Grand Prix weekends, with the first five places on the grid reserved for the fastest F1 drivers of that weekend, behind the wheel of BMW Works cars no less. The non-factory customer cars were prepared by the likes of Osella in Turin and Ron Dennis's outfit in the UK with management by such privateer teams as Group 5 Racing, Heidegger, TWR, Cassani, and others. After eight rounds of hotly contested racing for 1979, Niki Lauda came out on top as the series champion.

The cars were iteratively improved over the course of the season, from the exhaust and rpm red-lines to the aesthetics and air-jacks, but otherwise largely unchanged and for 1980 the competition continued unabated - names like Jones, Stuck, and Piquet took to the grid, racing wheel to wheel at the world's most famous racetracks, with Piquet ultimately coming in victorious for the season.

Of the 453 M1s built, only 54 were built to Procar specification, including the remarkable example presented here. Finished by BMW on 9 May 1979, this particular M1 was race prepared by Osella in Italy and acquired by one of the most notable luminaries in American racing - that of Vasek Polak. Perhaps most famous for his work with Porsche and his eponymous dealership, Polak's efforts in race car preparation were legendary, as his California-based operation prepped cars for Ken Miles, Roger Penske, Wolfgang von Trips and many others before he first got into 911s in the 1960s and thus began his long association with the other Stuttgart-based marque that included everything from the 935 to the 917.

As Polak's intention was apparently to race the M1 in the Procar series the following year, it was taken to Riverside Raceway for break-in laps and testing before returning to the team's shop. With FIA rule changes, however, the car became ineligible to race and as such, was placed into storage until it was acquired by its second owner in 1989. The car was never raced and maintained in its original unliveried cosmetic condition. The engine is the proper 3.5-liter inline six-cylinder engine, tuned in period to produce some 470 bhp, capable of speeds up to 190 mph. From the powerplant to the lightweight tubular steel space frame and fiberglass body, the car remains in remarkably original condition. Acquired by the current owner in 2021, the car was treated to a recent service at The Werkshop in 2022 and has only been treated to limited mileage since that time, primarily at private track days.

As presented today, this is believed to be the only M1 that is effectively in "new" condition - certainly of the 54 M1s built, it's hard to fathom another example that has maintained such originality of presentation from the paint to the interior to the mechanical components. The opportunity for the collector is therefore limitless from concours presentation to further track usage. The Procar series is undoubtedly the single greatest one-make championship ever devised, of which this particular M1 is surely one of the finest examples in existence.

Vehicle Details

  • 1980 BMW M1
  • Listing ID: CC-1974930
  • Price: Auction Vehicle
  • Location:Monterey, California
  • Year:1980
  • Make:BMW
  • Model:M1
  • Odometer:0
  • Stock Number:JC25Lot_276
  • VIN:94301057
Listed By:
Broad Arrow Auctions
Monterey Jet Center
300 Skypark Dr.
Monterey, CA 93940

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