A new record for the most expensive car sold publicly was set this weekend, and once again, it was a 1957 Ferrari 250 Testa Rossa. With the hammer falling at $14.9 million plus the buyer's premium, the final sale price as $16.4 million.

It's a fitting price for a historic car: this is the first of the Testa Rossas. It was also a Scuderia Ferrari team car that raced at Le Mans. On top of that, it's especially appealing to American buyers, because it has been comprehensively restored and outfitted in 1958 Le Mans NART (North American Racing Team) livery.

The car's restoration itself has won multiple awards. The work, done by Dennison International, places the car in the rarest of elite vintage race cars, and it has the documentation to prove it.

For our initial writeup on the car predicting the record sale, read here. To see another record price 1957 Ferrari Testa Rossa, check out this article.

[The Wall Street Journal]