1967 Ferrari sells for $27.5m

1967 Ferrari sells for $27.5m and set world record

A lively bidding session at a California car auction on Saturday 17 August 2013 ended with a record setting $27.5 million sale of a rare 1967 Ferrari. The sale sets the world record for highest price ever paid for a Ferrari at auction and highest price ever paid for any road car at auction. The sale was handled by RM Auctions in Monterey.

The red Ferrari 275 GTB/4*S NART Spider was one of 10 ever built. It was owned by a North Carolina millionaire and former mayor of Lexington- N.C.  The car’s single family ownership helped increase the interest and the price report said.