Early history of the car is unknown, although it is thought to have been raced in Asia in 1995. Sometime in 1996 the car was purchased by BMW Australia, although it's believed that the car was not raced.

When the works team was eventually disbanded it remained the only car kept by BMW Australia. Under the care of Gibson Motorsport it was liveried as the 1997 Bathurst winner (E36 STC 96/008) and put on display in BMW Australia head office.

Eventually sold to a BMW Dealer, before being purchased by the Bowden family in 2015. In Sept 2016 the car was purchased by Peter Jones, before being sold to Dr Steven Kelly in early 2019.