The BMW 326 belongs to the phase when BMW was moving toward a more mature pre-war identity, with six-cylinder touring cars that were more refined and ambitious than the smaller models that had built the marque’s earlier reputation. That is the broad context, but the interest here lies mainly in the body style and the survival of the individual car. A 1938 two-door cabriolet from this period is not the kind of car that surfaces casually, and even when one does appear, the question is less about the name alone than about how complete, correct and economically sensible the remaining work really is.

This example is offered as a 1938 BMW 326 Two Doors Cabriolet, described by the seller as 90% restored and already running, with the remaining work said to be the soft top fabric, interior trim and electrical finishing. The ad also presents it as a rapid sale for family reasons, with paperwork current, title in hand and the car ready to transfer. The seller further describes it as one of very few survivors worldwide and says that only two examples in this configuration are in Argentina, though those rarity claims should be read as statements from the listing rather than as independently confirmed facts.

Taken at face value, this is not a preservation car but a near-finished restoration project. That changes the way it should be judged. The attraction is not untouched originality, but the possibility of acquiring a rare pre-war BMW without having to absorb the full cost and complexity of starting from a dismantled or derelict example. At the same time, cars at this stage can be deceptive: the last portion of a restoration often includes some of the most expensive and time-consuming work, especially when upholstery, weather equipment and electrical sorting are still pending. Here there is also an obvious point to note: the price shown in the listing is almost certainly not the real asking figure, but a placeholder, so the seller would need to be contacted to establish the true number. That matters, because on a car like this the commercial sense of the whole operation depends heavily on whether the unfinished portion is small enough to justify the actual entry price. Find it here in Buenos Aires, Argentina.