No, no one has ever raced an E34 before, because OBVIOUSLY that would be hella cheating!
Especially if it happens to be a "$400" 535i. A 530i is pushing it, too.
As far as lasting the entire race -- you best spend that remaining $100 on a transmission cooler. Or, rip a 5-speed out of the junkyard.
But let's be real for a moment -- E34? Good luck!
"This is the scene where I get shot," Bronson said. "I have these little squibs that explode to make it look like bullets are hitting." "Fascinating," said Bergman. "I never knew how they did that." "You mean," asked Bronson, "you don't use machine guns in your movies?"