Mine's a '99 528iT with 95K miles. I suspect that both previous owners followed the service lights for OCI.
When I bought the car, the previous owner did supply some service records - both his, and the original owner's. Two OC's were shown as being done by the local BMW dealership. However, when I first took possession of the car, I noticed that the oil was pretty black (even though there were 2 lights on the dash) and there was some red crud on the filler cap and dipstick. I've learned that the red stuff is fairly common, but did the ARX just to be safe. I did find some black particles in the filter during the ARX treatment, but nothing like sludge. When I had the valve cover off I noticed some minor buildup around the front of the engine atop the vanos unit - presumably because of little oil flow in that area.
I've run nothing but GC since finishing the ARX rinse phase, and my stash should last for about another 18 months.