$27 Million Ferrari Sold At California Auction (Photo)

An ultra-rare Ferrari sold for an astounding $27.5 million at an auction in Monterey, California over the weekend, smashing the record for the most valuable Ferrari.

$27 Million Ferrari (Photo courtesy of RM Auctions)

The 1967 Ferrari 275 GTB/4*S N.A.R.T Spider is also the new record holder for the most expensive road-going car of any kind ever sold at auction as well as the second most expensive car to ever be sold at auction, with all proceeds being donated to charitable cause.

The 275 GTB/4*S N.A.R.T Spider is one of the world’s rarest cars, with only 10 cars having been built in the 1960s, commissioned by Ferrari’s American importer, Luigi Chinetti. The particular car sold in Monterey this weekend is even rarer for the fact that it has been in the same family’s ownership since new. The price realized  for the car establishes a new world record for a Ferrari sold at public auction and makes the car the second most valuable car to ever be sold at auction as well as the most valuable road-going car ever sold at auction. Furthermore, all proceeds from the sale will be donated to charitable causes close to the heart of the late owner, Mr. Eddie Smith Sr.

Alongside the N.A.R.T Spider, RM Auctions, which conducted the auction and said to be the world’s largest collector car auction house for investment-quality automobiles, also sold a 1928 Mercedes-Benz 680S Torpedo Roadster for $8.5 million, a 1954 Ferrari 500 Mondial Spider Series I for $3.52 million, a 1974 McLaren M16C Indianapolis for $3.52 million, a 1953 Maserati A6G/2000 Spyder for $2.53 million, a 1935 Hispano-Suiza K6 Cabriolet $2.255 million, a 1960 Maserati Tipo 61 ‘Birdcage’ for $2.09 million, 1960 Aston Martin DB4GT $2.06 million, a 1995 Ferrari F50 for $1.68 million, a 1971 Ferrari 365 GTB/4 Daytona Spyder for 1.65 million.