The Buy/Drive/Burn series has been all about convertibles lately. We started with some $40,000 luxury entries from 2010, then upped the dollar figure with three more from 2009 that asked over $90,000 for the pleasure of their company.

Today we step back in time to the year 2001, and spend even more money. The cheapest drop-top here is over $120,000. Let’s go.

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We’ve had more BMWs featured on Rare Rides than any other marque. Aside from the BMW-powered Vixen motor home and the Alpina B7S, there was the Freeclimber, the mid-engine supercar flop called the M1, and the first experiment in the cabriolet Z category, the Z1.

Let’s see what happens when BMW makes a car eight times better than the Z1.
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