A 1962 Ferrari 250 GTO is poised to become the world’s most expensive car, having been listed for sale in the U.K. with a staggering £45-million ($75-million CAD) asking price, reports The Telegraph.

John Collins, who manages Ferrari specialist sales house Talacrest, placed the car for sale early November after searching for the opportunity to list a 250 GTO for many years.

“I’ve been looking for a 250 GTO for a while and the opportunity came up with this one, which is the second GTO built,” said Collins.

“It is a beautiful Ferrari, the Holy Grail of classic cars, and it has a great racing history, having finished sixth overall at Le Mans and first in class at Sebring.”

The 250 GTO’s racing success is not surprising, given the car’s still-relevant performance figures. From a standing-start, the classic Ferrari can reach 60 mph (96.5 km/h) in 6.1 seconds, going on to a top speed of 280 km/h (174 mph). This from a car built more than 50 years ago.

One of only 36 copies ever made, the rarity of this car significantly adds to its value. Collins argues that, given its appreciating worth, the 250 GTO makes for a great, stable investment opportunity in turbulent economic times.

“After the US election, people are going to be looking at investing in assets and this is a lot better than a painting on the wall.”

Well-heeled Ferrari aficionados may have an ulterior motive to purchasing the classic, besides the opportunity to own what could be the world’s most valuable collector car—ownership of this vehicle will purportedly land you an invite to attend Ferrari’s 70th anniversary bash.

“I have already had one offer on the car and know there will be interest. It will get you on the Ferrari 70th anniversary tour next year.”

This is the first time since 1990 that a Ferrari 250 GTO has been listed for sale on the open market – most sales occur behind closed doors between high-profile brokers – so if you’d like to purchase the world’s most expensive car—now’s the time to act.

(The Telegraph with photos via Talacrest)