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The previous record was held by another ex-Fangio Mercedes W196 from 1954 that went for £19.6m after commission and taxes at Goodwood in 2013.

Earlier this month, Rolls-Royce said it was expanding its Goodwood factory and global headquarters to meet growing demand for bespoke models.

The vehicle has been on a promotional tour across the Middle East and Europe, including at the Goodwood Festival of Speed in the UK in 2024.

"This represents our most substantial financial commitment to Goodwood since its opening," said the Rolls Royce chief executive, Chris Brownridge.

Luxury carmaker Rolls-Royce will expand its Goodwood factory and global headquarters to meet the growing demand for bespoke models.