An unidentified buyer has splashed out 9.02 million euros (A$15.91 million) on a 1957 Ferrari, making it the most expensive car ever sold at auction, according to auctioneers RM Auctions.
The sale set a new world record at a Ferrari auction event held in Maranello, Italy last month.
The Ferrari 250 Testa Rossa is one of only 22 built.
During the auction the car created a bidding war between buyers from around the world – both at the event and those bidding by telephone, RM Auctions said in a statement.
The sale price is 1.98 million euros (A$3.5 million) more than the previous world record set at the same auction last year.
According to RM Auctions, this year’s event saw collectors locked in fierce bidding for 33 Ferraris and three Maseratis, generating sales of over 21 million euros (A$37 million).
The Ferrari 250 Testa Rosas were entered in many international racing championships between 1958 and 1961, a fact which has raised their status among the world’s collectors.
The auction, presented by RM Auctions in association with Sotheby’s, is an annual event and the only one of its kind in the world.
Ferrari also donated an F430 to this year’s event which sold for 180,000 euros (A$318,908).
The proceeds will go to support the victims of the Abruzzo earthquake. Members save on RAC car loan interest rates