Rare Ferrari Sold for Almost Record-Breaking $27.5M in Auction

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The Ferrari 275 N.A.R.T. Spider, considered to be one of the few 10 models that have been built. Its ownership status set at single-family has made it look even more attractive and has in fact added up to the car’s market value.

A 1968 rare Ferrari almost broke the world record of a car auction sale as it closed a deal at $27.5 million, the LA Times reports.

On Saturday, several hobbyists and car enthusiasts had kept their eyes fixed on RM Auctions’ sale of the Ferrari 275 N.A.R.T. Spider, considered to be one of the few 10 models that have been built. Its ownership status set at single-family has made it look even more attractive and has in fact added up to the car’s market value.

According to owner Eddie Smith Jr, his late father bought the car in North Carolina back in 1968. It had stayed with the family for 45 years. He decided to have it sent to auction so that his family could donate the sale proceeds to several charities.

His last words before the auction began was intended for the final bidder, "Drive it, love it, enjoy it, and more importantly share it with others so they can see it."

Read more http://www.hngn.com/articles/10366/20130819/rare-ferrari-sold-record-breaking-27-5m-auction-pro.htm
 

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