Wow, did I miss something? No one bid at $48k. Was there something about this car that the rest of us didn't know? Anyway, it's a good and bad sign, depending on which side of the fence you're on. It may also be a reality check for some of those thinking their cars are worth $60+k
Also with the next generation M3 coming in a year (if you can pull some strings) and talk of the M2, I wonder how that will impact secondhand pricing as I'm convinced there'll be a glut/abundance (or maybe more of a buyers market) of the 1M.
I'm sure some people from here will be jumping over to get the next evolution of M.
I don't mean to offend anyone, but this may be the harsh reality.