A wrecked/written off car is worth 10% of blackbook value. So for arguments sake lets say yours is normally worth $10,000. As a write off its now worth $1,000. Selling the car as a whole for parts you might get $2-2,500. $3,000 if your lucky, but depends on your area and how many people want the car. A friend of mine had an 04 330i that was written off and ended up selling the whole car after buying it back from the insurance company but i never got to ask him what he sold it for. You wont "screw" anyone but yourself if you price it too high, because nobody will be interested in it.
You could make just as much or more if you strip and part it out yourself. Manual transmissions are worth a fair bit.
I should ask, how is the motor "blown"? Whats the damage and how was it caused?
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