French supercar maker Bugatti has unveiled the world’s most expensive new car, sold to an unnamed buyer for at least $11m, BBC reported on Wednesday. Though the exact price of the car is not being revealed, but is thought to have overtaken the previous new record – about £8-9m for a Rolls-Royce Sweptail.

With engine power about 20 times a Ford Fiesta, the car was built to celebrate Bugatti’s 110th anniversary.

The car has a jet-black carbon fibre body and a 1,500 horsepower 16-cylinder engine. However, Bugatti is not saying exactly how fast the car goes. However, the specs are similar to another of Bugatti’s astonishing pieces of engineering, the Chiron. This car reaches 62mph in 2.4 seconds and has a top speed of 261mph. – With input from agencies