Ah, the 24 Hours of Lemons. The racing series where ingenuity, driving skills, ridiculousness and bribery all come together for an unforgettable experience. But at a Lemons race this weekend at the Monticello Motor Club, the pace car cost slightly more than just $500: James Glickenhaus' fantastic Ferrari P4/5 by…

James Glickenhaus is turning his garage of dream cars into an auction house tomorrow night, selling off trips to join him and his team testing their one-off Ferrari P4/5 for the 24 Hours of Nürburgring race. We want to go to there.

If you'll recall, Jim Glickenhaus's Ferrari P4/5 Competizione made its racing debut at this the Nürburgring 24 hour earlier this year. Since then, we've seen a few video clips, but this long-form video wrap of the event contains some never-before-seen racing footage. Jim, you've done it again.

A story hit the wires yesterday that Jim Glickenhaus is considering a production run of his P4/5 Competizione if Nürburgring 24 organizers deny the team's bid to use active aerodynamics. Put your checkbook away, kids, Glick told us exclusively it just ain't true.

The Ferrari P4/5 Competizione privateer racing team spent the weekend practicing for its debut at this year's 24 Hours of Nürbrugring. Everyone there had a camera. Everyone took photos/video of it. Here's the best of.

On an April evening four years ago I wandered into an underground parking garage and happened upon the Mercedes–Benz pictured above: one of Ralph Lauren’s cars to be exhibited in Paris this coming summer.

We showed you the first photographs of Jim Glickenhaus's one-off P4/5 on the track Friday. Now we have video. Watch, listen and drool as the Ferrari-based P4/5 makes a few laps. (Hat tip to Jim and horspowr1001!)

Jim Glickenhaus' amazing one-off Ferrari P4/5 Competizione's finally complete, on the track, and better looking than we could have ever imagined. And we spent a lot of time imagining it. First photos and test report below.

While Big Jim G's Ferrari P4/5 Competizione build marches on toward a track debut at the 24 Hours of the Nürburgring, he's off to flog his Enzo-based P4/5 stradale on a test track near Paris. Banked turns FTW. [YouTube]

The P4/5 Competizione isn't even built yet and Girard-Perregaux's already making a watch to commemorate the car. Forget "Arab Money," we want haute Swiss horologist money.