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$27 Million Ferrari Sold for Charity

A 1967 Ferrari convertible model was sold at RM Auctions for record price of $27.5 million in Monterey, California on Saturday, August 17th. All proceedings will go to different charities.

Aug 20 2013, 7:54am CDT | by

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$27 Million Ferrari Sold for Charity

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$27 Million Ferrari Sold for Charity

NART Spyder's 1967 Ferrari model 275 GTB/4*S has become the most paid car at auction in United States. It beats others by a huge margin as 1997 McLaren F1 roadster was sold for $8.5 million at Gooding & Co. Eddie Smith Jr. was the owner of the 1967 Ferrari, said the all paid amount will go to different charitable organizations. His father bought this car in 1968 for $14,500. The Smith family has spent almost 45 years with this car. Now the car is being sold but for a good purpose.

According to a U.K. car dealer John Collins, “The NART Spyder is a very special car." A Talacrest dealership, Collins told Bloomberg, “They’re so rare. They’re among the most beautiful of all Ferraris. Some of the biggest collectors in the world own one, and Steve McQueen tried to buy this one after he crashed his.” 

 

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
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