On the occasion of its 60th anniversary, the official BMW Car Club GB will host its first ever "Z-Fest" gathering at this summer’s Silverstone Classic from July 20 to 22, promising to bring together hundreds of Z1, Z3, Z4 and Z8 sports cars, all of which will participate in a special parade lap on the full Silverstone Grand Prix circuit.

“We wanted to do something spectacular to mark our anniversary and staging the UK’s first Z-Fest at the world’s biggest classic racing festival certainly fits that bill,” said Steve Miller, general manager of the BMW Car Club (GB).

If you thought the short clip of the all-new 2012 BMW M5 reaching 300km/h (187mph) on the German Autobahn was cool, wait until you get a load of this clip.

What you're about to watch is footage from a steering-wheel mounted camera -hence the wobbly picture- of a specially modified BWM Z3 racecar accelerating from zero to a little over 340km/h (211mph+) in less than 20 seconds.

As you may have imagined, this is no ordinary Z3 Coupe as it is fitted with a 5.0-liter V10 engine sourced from the previous M5 saloon / M6 Coupe & Cabriolet models, delivering 530HP and 600Nm (442.5 lb-ft) of peak torque.