Yep, car was rotating, and it's pretty clear it came into contact with a tires (probably a tire wall I'd guess).
Ouch.
Like Ship said, might not be all that bad, at least based on what we can see. All of the Z4 panels bolt on and off. Fender, door, rear quarter, bumper, tail light, maybe hatch. A semi-DIY would really cut costs.
I hope it's back in fighting shape soon!
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