1968 Ford Mustang sells for record-breaking $3.85 milion

July 20 (UPI) -- A 1965 Ford Mustang Shelby GT350R, the first prototype of the line of competition cars and the first to win a race, set a new record by selling for $3.85 million.

Mecum Auctions in Indianapolis said the Mustang, which was once driven by Ken Miles, who was played by Christian Bale in 2019 film Ford v Ferrari, fetched a high bid of $3.5 million, with the total price coming to $3.85 million with taxes and fees.

The sum made it the most expensive Mustang ever sold, breaking a record set in January when the 1968 Mustang featured in the Steve McQueen film Bullitt sold for $3.74 million.

The winning bidder of the GT350R, commonly known as the "Flying Mustang," was not identified. It was previously owned by collector John Atzbach, who had the vehicle fully restored.