Originally published in the October 2015 issue of Robb Report Collection as “The Next Pinnacle”

The first-generation BMW M3—the most successful racecar of its time—is now gaining traction among collectors.

The hood of our Henna Red 1989 BMW M3 seems to glow, contrasting with the snow drifting across our path on a steep Alpine road. We are driving one of a very few pristine, stock examples of the first generation of the car, known as the E30 among the professionals at BMW and enthusiasts ar…