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For me the appeal of an E39 touring is paying £1-3k for a well built high end car that can slowly get a bit ratty and run into the ground. Show-ground ready doesn't make sense on a old car generally driving at high milage imo.
Other than that I loved that shape and always wanted a black E39 M5 as a kid "when I got older".
Having looked at that thread ^ I'm now tempted on a late E39 as well. Have a feeling I won't come off much better than my w124 though in terms of maintenance / rust / general stuff that needs fixing...