The auction held by Bonhams at the Goodwood Festival of Speed saw the two-seat Sports-Racing car auctioned off for US$ 18,435,346 (£10,753,500). The sale, which netted an amount equal to almost half of the day’s sales totals, was made after a heated war between two bidders.

The 1954 Ferrari 375-Plus with a 4.9L V12 engine capable of producing 330 HP bearing chassis number 0384 AM is one of five cars of this make ever manufactured. It has changed owners multiple times over the years and was even the subject of an ownership lawsuit in recent years before finally being put up for auction.

Bonhams is a privately owned auction house based in Britain and one of the oldest too. It auctions off a wide variety of items not limited to Art, Books, Clocks, Coins, Collectables and Motors. View More Photos of 1954 Ferrari 375-Plus