Jim drives hairdresser's cars exclusively
The E36 M3 was probably the best "livable" M3 in the USA. They're great cars, and at 10k or less for a '95, they're one of the best buys out there.
This car at this price just doesn't make any sense to me. E36 M3s were mass produced, and the USA model was nothing special. This one has high miles (for the price) and a bunch of mods to boot (which diminish its value if the claim is that it is a "collectible" car).
If it were an LTW it could probably still get a price in the $20k region but it isn't.