Steve Jobs’ BMW Z8 Auctioned at Sotheby’s.
Bidders clamored over the opportunity to own a little piece of history, though it cost the winner quite a bit. The late Apple CEO Steve Jobs’ BMW Z8 convertible went up for auction via RM Sotheby’s in New York City on December 6. The specialist car collection auction house in Manhattan predicted Jobs’ Z8 would go for somewhere in the neighborhood of $300-400,000, and they hit it on the mark – it sold to a private bidder for $329,500.
Jobs was famously obsessed with pairing elegance with intuitive design – an endless pursuit to merge form with function, so it is no surprise he bought what is considered one of the most elegant, high-performance convertibles ever released.
“Widely considered by many to be one of the most attractive, yet innovative cars of the 2000s, [the BMW Z9] quickly became a bona-fide modern collectable,” claims Sotheby’s.
Steve Jobs’ BMW Z8 is Titanium Silver with a black leather interior. The odometer reads 15,200 miles and has a BMW-branded Motorola flip-phone built-in, since the Apple Phone was still 5 years in the making. It was produced on April 1, 2000 and delivered to Jobs on October 6.
The price for this particular Z8 is clearly high because Jobs owned it, but BMW Z8 models generally command an increased price as opposed to doing what most other cars do – depreciate rapidly.
“The BMW Z8 is worth a ton of money. While other early-2000s BMW models have depreciated quickly, like the used vehicles they are, the Z8 hasn’t. In fact, it’s done the opposite. The Z8 is a 14-year-old BMW that has gained in value,” claims Autotrader’s Doug DeMuro. “The Z8 cost $129,000 when it came out. Now, they regularly go for $200,000. One reason is the beautiful styling – it dabbles in “retro” while simultaneously dabbling in “futuristic” and somehow manages to look good doing both.”