A 1957 Ferrari sold for a record nine-million euros ($12.2-million) at auction in Rome on Sunday, the company said in a statement.

The 250 Testa Rossa, one of 34 models manufactured at Ferrari's factory in Maranello in the north of Italy, had completed several races in North and South America.

The previous record sale at auction was held by a 1961 Ferrari 250 GT California Spider, which belonged to American actor James Coburn and fetched seven-million euros.

AFP

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