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Looks like the main relay shorted. May have shorted other electrical components but looks to be quite repairable. The smell will be the hard thing to get out of the car.
I lol'd at 6k though. The pre-bidding is already past 7k- the real bidding doesn't start for 3 more days. Based on how high I've seen M3's selling for at auction lately, I would estimate it will sell for between 12-14k. It's a well optioned 2011 Competition Package with minimal damage and looks pretty clean. It's not going to go for peanuts.
If the OP is very handy, patient, and has a healthy budget he can get it going and enjoy a very nice car. But these kind of projects aren't great to get into if you're on a shoestring budget trying to get M3 status for 335 money- it's not fair to the car.
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