A 1967 Ferrari 275 GTB NART Spider set new world records this weekend at the annual Pebble Beach Concours d’Elegance. The amount of money that bought the car shows that vintage sports cars, especially those with a prancing horse attached to the grille will build at a fever pitch. At the RM Auctions Pebble Beach Concours d’Elegance Annual Auction, a 1967 Ferrari 275 GTB NART Spider sold for an impressive $27.5 Million USD. What makes that even more amazing is that all of the proceeds of this auction went to auction. It is estimated that well over $200 Million USD went to charity.
Some quick information on the car: Just one of ten built, was purchased by civic causes leader and industry giant Eddie Smith, Sr. in 1968. he bought it from one of the original Ferrari importers, Luigi Chinetti in April, 1968. It has remained in his family since the day he bought it. But, the car was put in storage after Smith’s passing in 2007. In those five years, it has appeared three times to the public. His family decided to sell the car so a new owner can appreciate the car for what it is and show it.
The preauction estimate is enough to blow your head off. It did for me. The world’s foremost classic Ferrari appraiser estimated it’s worth to be $14-17 Million USD. However, furious bidding raised the price to an astronomical $27.5 Million USD. The buyer of the car is believed to be Canadian fashion giant Lawrence Stroll.
Under the beautifully sculpted hood is a 300 horsepower V12. It gets to the wheels through a five-speed manual. It is a number’s matching car, with chassis number #10709. It has been restored once, and was originally painted Azzurro Metallizzato, a metallic blue.
Whoever the new owner is, he/she will enjoy one of the most expensive cars in the world. It will take them to a whole new level of prestige and power. I hope that they embrace the car as a glove that will fly down the road. May they use it well.
12 thoughts on “The Most Expensive Car Ever Sold At Auction!”
I wish I had known about the auction – I would have liked to participate and Mary’s love of Ferraris may have compelled us to outbid that silly Candian dude !
Uncle Howie – There are ALWAYS expensive Ferrari’s at auctions. The right one for you is a different story.
I bet the insurance payments are even higher!
Let’s drop THAT subject!
Too bad I missed it. It would have made a great birthday present for someone who is about to drive….
Your writing is becoming more sophisticated, flowing , generally smooth and mellow and an ever increasing joy to read.
Too bad this one got away….but worry not….there are other wonderful cars in your future.
Yes, there are! They are called Bugatti Veyron Super Sports…
I literally gasped out loud when I read what crazy number that car sold for. I don’t care how beautifully sculpted its hood is, or if it has 3000 horsepower V1000000 under there, I just can’t understand these numbers. Obviously, someone else can. 🙂
Yes, car nuts and accountants can. So can the IRS!
too bad Uncle SCHMUUY was busy that weekend 🙂
Waaa! That’s what next year is for, Schmooey!