According to FreshTarmac.com, this photo was taken in a hangar in Spain. It shows a sleek two-door, probably mid-engined coupe with attributes of the new M3 incorporated into its design, especially the front fenders and hood. With BMW introducing the M1 Hommage Concept at the Concorso d’Eleganza at Villa d’Este last week, we hope this means that is already considering a production version.

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BMW’s supercar icon, the M1, blew out the candles at the Concorso d’Eleganza at Villa d’Este this weekend. In honor of the car’s thirtieth birthday, BMW rolled out the new BMW M1 Homage, a concept/design study that pays tribute to the original M1 and shows what could be possible if BMW were to produce a new mid-engined sports car. Follow the jump for the breakdown.

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This year’s Concorso d’Eleganza at Villa d’Este has its public day tomorrow, which is when the world will presumably get its first look at the new BMW M1 concept, a stunning, modern take on Munich’s original supercar that is part of Bimmer’s 30th anniversary celebration of the classic machine. The private exhibition took place today, however, and the guys at Asphalte.ch — they were the first with live shots of the Lamborghini LP560-4 earlier this year — have once again scored a coup, snapping the new, copper-colored M1 concept in all its glory, both alone and alongside its forebears. We expect to have a lot more on this car tomorrow (assuming a press kit will be released sometime overnight), but for now, head to Asphalte.ch to see more shots of the car under the lights. Hey BMW, just pull the trigger and greenlight a production version already, because this thing is awesome.

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