Ferrari Testarossa

Ferrari Testarossa

If you thought the couple of hundred dollars you had to pay on your last speeding fine was disheartening enough, take pity on this Swiss man who had to pay around $290,000--a new record.

The fine was handed to the millionaire speeder who was caught by Swiss police racing through a village in his red Ferrari Testarossa at speeds of around 80 mph.

"The accused ignored elementary traffic rules with a powerful vehicle out of a pure desire for speed," a Swiss court said in its judgment of the motorist.

The previous record, also handed down in Switzerland, was for a Porsche driver who had to pay just over $100,000.