His £5,571,106 bid broke the record for a vintage car bought at auction, beating a 1962 built Ferrari 250 GTO which sold at Sotheby’s Monaco £5,499,471 in 1990.

 
      

The Ferrari California will be available exclusively as a convertible with an electronically-operated roof and uses a new 4.3-litre V8 engine producing around 450bhp.