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.
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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.