$27 Million Ferrari Sold At Auction, Proceeds Going To Charity

RM Auctions over the weekend sold a record setting $27 million 1967 Ferrari 275 GTB/4 S NART Spider.

The Ferrari Spider sale is a big deal for non-profits with all proceeds from the vehicles auction going to worthy causes.

Ferrari only built 10 of the coveted Spiders, and the vehicle up for auction was purchased from original Ferrari importers Luigi Chinetti. The vehicle was purchased in 1968 by Eddie Smith Sr. and has remained with the same family ever since.

In 2007, Smith passed away, and his family placed the vehicle in storage. They recently decided to sell the car so a real Ferrari lover could enjoy it.

Before the event, experts estimated that the vehicle would fetch $14 million to $17 million.

While the buyer’s name has not been revealed, it is believed to be Canadian fashion mogul Lawrence Stroll.

The $27 million Ferrari Spider features a 300-horsepower V-12 engine mated to a five-speed manual transmission. The car features chassis number #10709 and is a numbers matching car (including the gearbox, body, and engine stampings).

The car has been refinished one time and was originally painted Azzurro Metallizzato, a metallic blue.

Other recent Ferrari sales haven’t come close to the auction price. A 1971 Ferrari 365 GTB/4 Daytona used for the movie The Gumball Rally brought in $1.5 million. A 2002 Ferrari F1 grabbed just over $2 million and a 1957 Ferrari 250 GT 14-Louver Berlinetta grabbed $8.6 million.

The only two sports car to sell for more money were the $35 million 1962 Ferrari 250 GTO and the 1936 Bugatti Type 57SC Atlantic which is believed to have sold for an undisclosed amount close to $30 million.

Are you surprised by the $27 million Ferrari sales price? What car would you be willing to pay big cash for to obtain?