It's getting up there in terms of price for a non-limited edition E30 M3, but looks to be a very good, and sympathetic restoration. So, to the right buyer, with a little bit of negotiation that would be a reasonable buy in today's totally sky-high E30 M3 market.
However, whether Jonny 4 stars from CHCH is a serious bidder, and can affort to go through with his bid on TradeMe may be another completely seperate conversation. My instincts would say, probably not!