Rare 1967 Ferrari Sets Record At Auction

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An ultra-rare 1967 Ferrari set a record for being the most expensive road car ever to be sold at auction.

How rare you might ask? The AP reports there were only 10 models ever built. The Ferrari belonged to “orphan-turned-millionaire” Eddie Smith.  Smith, the former mayor of Lexington, North Carolina, had been the owner of this rare sports car.  The Times reports that Mr. Smith could be seen driving his Ferrari around Lexington, offering “fun” rides to people in town.

The Los Angeles Times states that the final price for the Ferrari 275 GTB/4 Spider went for $27.5 million.  The Times described a packed crowd at the bidding, and all those in attendance were informed that the proceeds from the sale would be donated to charity.  “The final bid was $25 million without commission, and the crowd erupted into cheers and applause as four white-gloved attendants took to the stage to roll the red Ferrari off to its journey to a new home”

The auction house has not disclosed the new owner.  Another famous Ferrari was also sold the same day. It played a minor role in the classic film “Ferris Bueller’s Day Off.”

The famous car, a Ferrari 250GT California, sold for $235,000, NBC Bay Area reported. The Ersatz Ferrari was custom built by Neil Glassmoyer of Modena Design and Development.

Unlike many cars used in Hollywood, Glassmoyer told KSBW:  “A lot of movie cars are just for looks, they don’t perform well at all. This car has over 500 horsepower (and a) very sophisticated chassis”