I did manage to find a cleanish Calyso Red for a fair asking price; have been trying to reach the owner.
There was a 96 M Sport locally that keeps NOT selling on ebay because the reserve is too high. I was the last high bidder and didn't meet the reserve (each time the car goes for less). I get the guy on the phone and all he says is the reserve price; doesn't actually answer any questions; just keeps saying the price and talking about fees.
I sold the 635 by the way to a very nice guy. He got a great deal on the car and I really dropped my pants on the price, but I am happy. How did he do that? By not discussing price, price, price.
I don't NEED a 318Ti. If I find one I prefer it to be CLEAN, stock or OEM +, and have a high level of equipment (relatively). The proceeds from the 635 can go to far more useful things. With winter fast approaching and one project car in the works I am not desperate. If the right car pops up, sure I'll go for it.
Believe me, it's no penalty to drive a loaded E39 everyday, even with it's laggard automatic.