This exceptionally rare car just made history at the Pebble Beach auctions

RM Sotheby's

The very first Shelby Cobra just broke the record for the the most expensive American car sold at auction at Pebble Beach Friday.

Pebble Beach is a five-day vintage car show in Monterey, Calif. that kicked off Wednesday, with bidding beginning this weekend. The five different auctions occurring are expected to bring in $370 million.

The original Cobra just sold for a whopping $13.75 million, breaking the record held by a 1968 Ford GT40 race car that sold for $11 million in 2012. Here's a closer look at the car and why it's so valuable: