The very first Shelby GT350R designed specifically for racing hit the auction block this weekend and went for $3.85 million. The Ken Miles Mustang broke the record for most expensive Mustang ever ($3.4 million), which you may remember was set this year by Steve McQueen’s Bullitt.

The car was once owned by Ken Miles, who played an integral part in designing the GT40 that took on the best of Europe at the 24 Hours of Le Mans. Like that, this GT500R was designed to go racing and helped cast...

There’s a New Most Expensive Mustang Ever and Of Course it’s Ken Miles’