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A 1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075-million ($50-million Canadian) to an international collector after 'tense', 11-minute bidding battle in Paris Friday. The car, designed by Scaglietti, has a 3.8-litre V-12 engine and is built just to race. The car's first race was the Sebring 12 Hours where it finished sixth. It would go on to finish second in the 1957 Mille Miglia, win the 1958 Cuba Grand Prix and break the lap record at the 24 Hours of LeMans before retiring in 1960 due to an engine problem. That same year, the Ferrari was sold to an architect in Pennsylvania. Ten years later, it was sold to Pierre Bardinon, one of the most knowledgeable Ferrari collectors in the world. In 1981, Bardinon had the car restored. It has barely been driven or seen for the past 35 years. The selling price was slightly more than the estimate and Artcurial Motorcars writes, "This exceptional motor car became the most expensive car ever to sell at auction (in euros and sterling)." And that is the reason for the dispute. The most expensive car to ever sell at auction was also a Ferrari. The 250 GTO sold for $38.115-million (U.S.) at The Quail auction in Pebble Beach in 2014. But exchange rates have fluctuated in the past year and a half. At that time in 2014, the GTO sale price translated to €28.5-million. But the 355 that just sold only translates to $35.9-million (U.S.) today.

A 1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million ($50 million Cdn.) to an international collector after ‘tense’, 11-minute bidding battle in Paris Friday

Chittley, Jordan

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million

Chittley, Jordan

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The steering wheel and dash of a 1957 Ferrari 355 S Scaglietti that sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Artcurial Motorcars

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Artcurial Motorcars

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Artcurial Motorcars

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Artcurial Motorcars

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Artcurial Motorcars

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The V-12 engine on the 1957 Ferrari 355 S Scaglietti that sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Artcurial Motorcars

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Collection Pierre Bardinon/Artcurial Motorcars

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Ted Walker/Ferret Fotographics/Artcurial Motorcars

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Collection Pierre Bardinon/Artcurial Motorcars

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Artcurial Motorcars

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Artcurial Motorcars

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Artcurial Motorcars

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Artcurial Motorcars

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Artcurial Motorcars

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1957 Ferrari 355 S Scaglietti sold at the Artcurial Motorcars auction for €32.075 million February 5, 2016.

Artcurial Motorcars

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Visitors look at a red 1957 Ferrari 335 Sport Scaglietti model on display at the Paris Retromobile fair in Paris, France, February 5, 2016. The 1957 Ferrari 335 Sport Scaglietti, one of the most iconic racing cars in the history of the sport, is about to go on sale at a Paris Artcurial auction today evening and could reach a record price of up to 32 million euros ($34 million).

PHILIPPE WOJAZER/REUTERS

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A red 1957 Ferrari 335 Sport Scaglietti model is on display at the Paris Retromobile fair in Paris, France, February 5, 2016. The 1957 Ferrari 335 Sport Scaglietti, one of the most iconic racing cars in the history of the sport, is about to go on sale at a Paris Artcurial auction today evening and could reach a record price of up to 32 million euros ($34 million).

PHILIPPE WOJAZER/REUTERS

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Visitors look at a red 1957 Ferrari 335 Sport Scaglietti model on display at the Paris Retromobile fair in Paris, France, February 5, 2016.

© Philippe Wojazer / Reuters

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