Paris - A legendary 1950s Ferrari has fetched a world record €32 million at auction, going under the hammer in Paris.
Applause broke out after the hammer came down on the bidding for the 1957 335 S Spider Scaglietti at the Artcurial auction house just off the Champs-Elysees.
In a sale that generated interest from around the world, the race car fetched €28 million plus premiums and taxes taking the overall price to just over €32 million.
The Spider - which beat the record set in 2014 when a 1962 Ferrari 250 GTO sold for what was the equivalent of €28.9 million - finished sixth in the Sebring 12 Hours race in 1957 and second in the Mille Miglia 1 600km road race in Italy.
Thereafter the car was returned to the factory to have its engine size boosted from 3.6 to 4.1-litres - boosting power from 360 to 400 horsepower, allowing a top speed of 300km/h.
The Ferrari enabled the Italian manufacturer to win the Constructors' World Championship title in 1957.
The identity of the purchaser of the Spider was not revealed following Friday's deal, but is US-based, according to Matthieu Lamoure, director general of Artcurial motorcars.
"Clearly, we won't soon forget," Lamoure told journalists after the hammer came down on the record sale, bidding having started at €20 million.
The sleek machine had belonged to the family collection of late French racing driver Pierre Bardinon, who died in 2012.
Legendary British driver Mike Hawthorn drove the Spider in the Le Mans 24-hour race in 1957.