This is the first time I've heard this claim so I'm skeptical. In fact, in the US, 1995 was the FIRST year of the E38 (7-series) body style which ran from 1995-2001. The E38s started out with the same M60 4.0 liter V8 as the earlier E32s (1988-1994) and then switched to the M62 4.2 liter V8 a year or two later. Of course the 750iL had the V12 engine.
Yeah, it's valuable, worth about $10,000 from my observation if it's in good shape.