The BMW Z8 was designed by Henrik Fisker and intended as a homage to the classic BMW 507 from the 1950s. The 507, driven by legends such as Elvis Presley, was known for its beauty and rarity, and BMW aimed to recapture this magic with the Z8. The Z8’s design features flowing lines, a long bonnet, and a sculpted rear, reflecting the elegance of its predecessor while integrating modern elements like neon tail lights and a sophisticated interior.

The Z8’s body is made entirely from aluminum, including an aluminum space frame that contributes to its lightweight yet strong structure. This construction helps in maintaining a near-perfect 50/50 weight distribution, which is crucial for handling and driving dynamics. The chassis and suspension setup were meticulously tuned to offer a balance of comfort and sportiness, making it a true grand tourer.

At the heart of the BMW Z8 lies the S62 V8 engine from the E39 M5, one of the most revered powertrains in BMW’s history. This 4.9-liter V8 engine produces 395 horsepower and 369 lb-ft of torque, The S62 features several advanced technologies that were cutting-edge at the time of its release. One of the most notable is the Double VANOS system, which is BMW’s variable valve timing technology. This system adjusts the timing of the intake and exhaust camshafts independently to optimize performance and efficiency across a wide range of engine speeds. Another significant feature is the individual throttle bodies. Each cylinder has its own throttle butterfly, which improves throttle response and allows for finer control of the air-fuel mixture entering the engine. This design is more commonly found in high-performance racing engines and contributes to the S62’s immediate and linear power delivery. 

The BMW Z8’s value has appreciated significantly over the years, reflecting its desirability and collectible status. As of 2024, prices for a well-maintained Z8 typically range between $150,000 and $250,000, with some pristine examples fetching over $300,000. The Alpina Z8, a special variant produced towards the end of the Z8’s production run, commands even higher prices due to its rarity and unique features, such as a 5-speed automatic transmission and a more comfort-oriented suspension setup.

This appreciation is driven by several factors, including the Z8’s limited production numbers, timeless design, and the pedigree of its S62 engine, shared with the legendary E39 M5. The car’s aluminum space frame and hand-built construction further contribute to its allure. Collectors and enthusiasts value the Z8 for its blend of retro-inspired aesthetics and modern performance, making it a standout in the history of BMW roadsters.

The Alpina Z8, produced in even smaller numbers, is particularly sought after due to its unique modifications, including a softer suspension and an automatic transmission that catered to a different segment of luxury performance buyers. Alpina re-engineered the Z8 to provide a more refined and comfortable driving experience, making it a distinct alternative to the standard model. The rarity and distinctiveness of the Alpina Z8 ensure that its market value remains robust, often surpassing that of the standard Z8.

Additionally, the Z8’s appearances in popular culture, such as its role in the James Bond film “The World Is Not Enough,” have cemented its status as a modern icon. This cultural significance, combined with BMW’s commitment to providing long-term parts support, ensures that the Z8 remains a viable and desirable collector’s item.

Moreover, the condition and provenance of individual Z8s significantly impact their market value. Low-mileage examples with well-documented histories, particularly those that have been meticulously maintained or have celebrity ownership, can command premiums well above the typical market range. The enduring popularity and collectibility of the BMW Z8 suggest that its value will continue to appreciate, making it not only a piece of automotive art but also a sound investment for the future.