Rare Ferrari sells for record $34M at auction

A rare 1962 Ferrari 250 GTO once owned by a famed racing driver and Olympic gold medalist has sold for $34.65 million.

During an auction Thursday in California, the car sold in what is believed to be a record public auction price for a classic car. The previous record was nearly $30 million paid for a Mercedes W196 last year in England, according to the Associated Press.

The car is one of just 39 Ferrari GTOs produced and was once owned by racer and retired Olympic gold medal skier Henri Oreiller, who died after crashing it into a building.

Read more from the Associated Press.