A red Ferrari that once belonged to Cher just sold to the highest bidder … and the new owner shelled out over half a mil for the vintage sportscar.

The singer’s former 1972 Ferrari 246 Dino GTS changed hands Monday, going for $568,000 at auction. Cher bought the Ferrari brand new in ’72, and she owned it for a couple years before it was acquired by a famous racer, Chris Cord.

The specs on this set of wheels are pretty cool … it’s painted a custom shade of red, Rosso Chiaro, with a Nero leather interior and a 2.4-liter V6 engine.

In addition to the celeb ownership history here, there’s some cool automotive history at play too … the Dino 246 GTS was the first car Ferrari manufactured in high numbers … this particular ride was one of about 2,900 when Cher bought it back in the day from Hollywood Sports Cars.

Cher must know how to drive stick … her Ferrari has a dogleg 5-speed manual transaxle, 14″ wheels and a removable roof panel.

Driver Source Fine Motorcars out of Houston, TX sold the car at auction … they bought it in 2013 after it spent the previous 39 years with its third owner in San Francisco.

Cher’s old Ferrari has since undergone a multi-year refurbishment … including fresh paint and a retrimmed interior.