I think the W124 generation E-class, particularly in rare pillar-less coupe guise, is a high point of Mercedes-Benz design and quality, and this is one of the nicest examples I’ve come across in a long time.
The unusual red with gray lower cladding is definitely a period look and probably not for everyone, but I find it rather charming.
As a 1988, it’s the first version brought to the US and therefore lacks some upgrades that later models enjoyed, most notably the 24 valve DOHC M104 inline six that debuted for the 1990 model year.
But the 8 valve M103 inline six present here is no slouch of an engine and is reportedly a bit less maintenance-prone compared to its more complex younger sibling, which had issues with, among other things, disintegrating wiring harnesses.
It’s offered on craigslist HERE by the original owner in the Phoenix area for a Franklin less than fifteen grand. That’s a bit pricey, though not outrageous for such a nice one. I’d say $12,000 would be more reasonable, and anything less would be well bought.