1. ITV Report

This rare Ferrari cost a record-breaking £22.84 million

The rare racing car was owned by the Violati family since 1965. Credit: Bonhams

A rare Ferrari racing car has sold for a record-breaking £22.84 million at auction in California.

The 1962 Ferrari 250 GTO Berlinetta, previously owned by motor enthusiasts the Violati family, is one of only 39 in existence, and was wrecked in a crash that killed former French ski champion Henri Oreiller.

The GTO was the 19th of the 39 off the assembly line. Credit: Bonhams

It was then restored by Ferrari and continued to race in the first decade of the 21st Century.

The price paid at a Bonhams' auction in Carmel, California, makes it the most expensive car bought at auction.

The car was wrecked in a 1962 crash that killed Henri Oreiller. Credit: Bonhams

It eclipses the amount paid last year for a 1954 Mercedes-Benz W196 R F1 Racer, which sold for around £18 million dollars at Bonhams' Goodwood Festival of Speed auction in Sussex last year.

ITV News reporter Robyn Dwyerreports: