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Oooh, very lovely. Shame things like that used to feel obtainable and are now the preserve of people who pop them in the corner of their massive garage to gather dust.
I agree that a nice SE spec E39 530i is a lovely thing, but I'd sooner buy one for £3k, refresh it for £2k and not lose £10k in depreciation.
I bought a 525i E61 as a daily estate but it just added to my BMW problems, so I bought an insignia that I don't care about, which was definitely the right move.
If it was an unrepeatable Individual spec then I could see it , but a silver over grey cloth car with a basic spec that would lose half its value the moment you put a few miles on it or scuffed up the interior does not appeal. No doubt you'd still be into a cooling system simply due to age.
A manual B10 3.3 with loads of miles on the clock for me please.