A few months ago a new record has been set.

In Maranello at the “Ferrari Leggenda e Passione”, a very rare 1957 Ferrari 250 Testa Rossa was put up for auction.

And it sold for a staggering $12.1 million

This is officially the most anyone has EVER spent on a car.

The previous record was another Ferrari, specifically a 1961 Ferrari 250 GT California, that had been bought by british DJ Chris Evans for $10million. The car had previously been owned by actor James Coburn for nearly 25 years!