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1967 Ferrari sells for 27.5 million dollars

New world record for a road-going car sold at auction.

By Perry Stern Aug 18, 2013 11:43AM

A 1967 Ferrari 275 GTB/4*S N.A.R.T Spider went up for auction Friday night at RM Auctions in Monterey, Calif., and sold for an amazing $27.5 million, making it the most expensive road-going car of any kind sold at auction.

 

The 275 GTB/4*S N.A.R.T Spider is one of the world’s rarest Ferraris, with only 10 ever built. The car was commissioned by Ferrari’s American importer, Luigi Chinetti. This particular car is even rarer for the fact that it has been in the same family since it was new.

 

The price of $27.5 million establishes a new world record for a Ferrari sold at public auction.

 

Photo gallery: 2013 Pebble Beach Tour d'Elegance

 

Furthermore, all proceeds from the sale will be donated to charitable causes close to the heart of the late owner, Mr. Eddie Smith Sr.

 

When this model was new, it was unlike anything Ferrari had built before. Road & Track magazine called it “the most satisfying sports car in the world” and featured it on their cover. In fact, the 275 GTB/4*S N.A.R.T Spider was the first chassis that had been raced by Denise McCluggage and Pinkie Rollo very successfully at Sebring, and it was later featured in the Steve McQueen film "The Thomas Crown Affair." McQueen loved the car so much that he bought his own example.

 

 

In speaking with RM Auctions recently, McCluggage commented, “I love the look of the car, and it’s absolutely perfect for all the great driving events, from the Colorado Grand to the California Mille. Even with the top down, you can outrun the rain and stay perfectly dry.”

 

The 275 GTB/4*S N.A.R.T Spider features a 300-horsepower overhead cam V12 engine, 5-speed manual transmission, independent suspension, 4-wheel disc brakes and a tubular steel frame. This particular vehicle was fully restored to perfect condition and remains one of the most desirable Ferraris on the road.

267Comments
Aug 18, 2013 3:47PM
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For the record, this man who owned this car was a great one. He was an orphan who went from rags to riches working his tail off. He donated millions to charity and now this auction is his family's way of showing their respects to a great man.

Kudos to them!

 

 

 

 

Aug 18, 2013 2:11PM
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I was there at the auction and to watch this go for 27.5 mil. was amazing! The crowd, especially the family that sold this vehicle were in awe over the bidding.  To hear they were not interested in profiting from the sale was just unreal. The charities that receive this money should use it wisely.
Aug 18, 2013 1:12PM
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I thought Cameron kicked and dented the **** out of the bumper just before that car flew out the back of the garage and down into the woods. Hope they got a carfax on it before writing the check.

 

I had no idea only 10 of these were made, but 27 mil is still a bit outrageous for a car.

Aug 18, 2013 1:29PM
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Which oil-rich sultan bought it with our $4/gallon gas money?
Aug 18, 2013 2:49PM
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Best thing from the sell is the money will go to charity. Even in death people can do good things.

Aug 18, 2013 1:17PM
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Just don't let your teenage kid and his friends us it to skip school and run around Chicago in it.
Aug 18, 2013 1:26PM
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It's one of the rarest cars ever made, by one of the most expensive manufacturers on the planet.  It's 46 years old and in perfect condition.  Yeah, 27 million sounds about right.  Stupid or not, if I had limitless wealth....sure, why not?


Aug 18, 2013 3:18PM
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This is the same car road and track wrote an article on in their 50th anniversary issue tribute to ferrari who also had their 50th anniversary in 1997.  Bless Eddie Smith and his family for being so kindhearted.
Aug 18, 2013 1:24PM
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Well in 1967 dollars, that's about the same as 50 books of Raleigh Coupons, 100 books of Plaid Stamps, and 115 books of Green Stamps.  Everything is relative...except one's "relatives."

Aug 18, 2013 1:25PM
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Coulda gotten a knock-off like Ferris Bueller....
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