A 1957 Ferrari 335 S Spider Scaglietti fetched a world record €32 million at auction in Paris last week. Applause broke out after the hammer came down on the bidding for the at the Artcurial auction house just off the Champs-Elysees.

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 – increasing power from 360 to 400 horsepower, allowing a top speed of 300km/h and enabled the Italian manufacturer to win the Constructors’ World Championship title in 1957. Mike Hawthorn even did a stint at the wheel during the 1957 Le Mans 24 hour.

The identity of the buyer was not revealed, but is US-based, according to Matthieu Lamoure, director general of Artcurial motorcars.