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I'd be curious to know what the reserve price is. Who wants to guess?
If it's too high, that is >$18k, I don't think he'll get it. Frankly, I think it's a VERY custom type car. Not many people like the looks of the old E30 M3s and the people that do are usually purists and would want the S14 motor in it. Frankly, it was a poor investment and he would've gotten a lot more money back if he had gone for an Evolution III build.
I on the other hand am not really a purist and dig the E30 M3 look. I'd ****** it up in a second if I had the cash lying around.