facebook
twitter
rss
account
search
search
X
Breaking News: Protesters march on Pakistan PM Nawaz's house
 

1967 Ferrari sells for a record $27.5 million

Aug. 19, 2013 at 1:51 PM   |   Comments

MONTEREY, Calif., Aug. 19 (UPI) -- A 1967 Ferrari 275 GTB/4*S N.A.R.T. Spider, one of the world's rarest cars, sold for a record $27.5 million at a California auction.

The RM Auctions bidding began Saturday in Monterey at $10 million and landed at $27.5 million, the most paid for any car at a U.S. public sale and a world record sale for a Ferrari, the Los Angeles Times reported Monday.

The car was one of only 10 ever produced and had only ever belonged to a single family.

Eddie Smith Jr., whose father obtained the car in 1968, addressed the crowd before the auction began.

"This is a bittersweet moment for us," Smith said. "Ferraris came and went, but this one never went, thank God. We enjoyed it as a family for 45 years."

The identity of the winner bidder was not revealed.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Gamers 'prank' each other by calling in real life SWAT team, webcam captures fallout
2
Welsh man sets house on fire while trying to kill spider
3
Georgia fourth grader suspended after bringing Nerf gun to school
4
Dreamworks Dad is back with video game-inspired 'Action Movie Kid - Volume 2'
Trending News
Video
x
Feedback