Your power supply is likely designed for telecom applications. 48V is the standard telecom supply voltage and there is a lot of equipment designed for it. You'll find plenty of power supplies for 48V, just google it.
I sort of agree with Hero999, if your objective is to get to 12V, then a 12V supply costs the same or is cheaper than a 48V supply. Mostly because 48V has mostly industrial applications, where for12V you'll find lots of consumer stuff too.
Your best bet may be to sell it on Ebay...