One of the most beautiful race cars we've seen over the last few years is the Ferrari 430-based P4/5 Competizione of badass Ferrari-collector James Glickenhaus.

The Ferrari P4/5 Competizione just made history during 24 Hours of Nürburgring qualifying by setting the fastest lap ever in a Ferrari-powered vehicle, besting the Ferrari 599XX's 6:58.16 with a time of just 6:51. And his car is street legal. Sort of.

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.

Jim Glickenhaus’s not-for-sale bespoke racing Ferrari dropped by Lake Como the previous weekend for the Concorso d’Eleganza Villa d’Este after taking 13th at the 42. Adenauer ADAC Rundstrecken-Trophy at the Nürburgring the previous Saturday. Among the many nattily attired ladies in attendance, one made the perfect call …

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.

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]