Image: 1967 Ferrari Auctioned: Rare NART Spyder Brings in Record $27.5M

1967 Ferrari Auctioned: Rare NART Spyder Brings in Record $27.5M

Monday, 19 Aug 2013 03:07 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
An extremely rare 1967 Spyder Ferrari – one of only 10 like it in the world – was auctioned off this weekend for a record-breaking $27.5 million.

The auction opened at $10 million but quickly shot into record territory, with the Monterey, Calif., audience cheering the final price.

It was a beauty of a car — a shiny red convertible Ferrari 275 NART Spyder that had been owned by just one family since the North Carolina Smiths bought it in 1968, the Los Angeles Times said.

Urgent: Should Obamacare be Repealed? Vote Here Now

Although many media outlets didn’t identify the buyer, The Province reported that Canadian billionaire Lawrence Stroll bought it. He was identified by the publication as a “fashion entrepreneur” who worked with Tommy Hilfiger.

Eddie Smith Jr. said his father bought the car and the family “enjoyed it” for 45 years. Smith also announced that the auction amount paid for the car would be donated to charity, which drew even more cheers from the audience, the Times said.

Smith Sr. started a mail-order company and was a “beloved figure” in Lexington, N.C., The Dispatch said in an article published before the auction and which predicted the selling price to be about $14 million. He served as mayor in the 1970s for five years and also worked on many local boards and with organizations.

“It has been in prison in that garage,” Smith told The Dispatch. “Dad wouldn’t want the car to be shut away, he would want it to be enjoyed. Even when the value reached went over a million dollars, he would still drive it.”

In the article, Smith said he was shocked when the auction house, RM Auctions, listed the car at $14 million. Talking about the charities, which he didn’t identify, that would benefit from the sale, Smith said in The Dispatch, “He always taught us to give back, so I know Dad would be pleased.”

Latest: Do You Support Giving Illegals Citizenship? Vote Here Now

Related stories:

Steve McQueen’s 1952 Camping Pickup Goes Up for Auction

New Corvette Stingray To Take On German, Italian Imports

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Top Stories

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved