Ferrari  sells for record £42million at auction…

having had just one careful owner for last 38 years

The 1962 330 LM 250 GTO was one of just 34 ever made by Ferrari and has been dubbed the "holy grail" of collector cars.

Swathed in a deep red racing livery, the car was made more expensive by the fact that it was the only one of its kind ever raced by Scuderia Ferrari.

It was used for 12 years by  the iconic motorsport team, including participating in the  24 Hours of Le Mans in its production year with a top speed of 174mph.

The luxury sportster is in immaculate condition and still drives like a dream, according to its auction listing.

After its racing career, it came into the ownership of Pietro Ferrari, today the only living son of legendary brand founder Enzo.

Ohio-based collector Jim Jaeger bought it in 1985, maintaining it in near-new condition, including a full restoration and a respray, complete with racing number.

The beloved motor was sold by RM Sotheby's in New York in November, with the winning bid clocking in at a whopping £42 million.

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