This is a beautiful BMW Z-3. It is from the JL Ragtops Series – Release 1. This one is in a very rare Hobby Box. JL only made a handful of models available in these boxs, instead of on blistervards. They were sold through small hobby stores, and not by the big retailers.  It is a great cross-collectible, so if you collect Johnny Lightning, or BMW this will be a wonderful addition to your collection.