RM Auctions Makes Record Sale: $27.5 Million for 1967 Ferrari

August 19, 2013
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RM Auctions, a collector car auction house for investment-quality automobiles, continued its Monterey sale weekend with an incredible record-breaking Saturday auction which saw the star lot, an ultra-rare 1967 Ferrari 275 GTB/4*S N.A.R.T Spider, smash records and sell for an astounding $27.5 million. This incredible price makes the car the second most expensive car ever to be sold at public auction and comfortably the most expensive Ferrari ever sold at auction. Alongside the N.A.R.T Spider, eyes were also firmly fixed on the 2012 Pebble Beach Best of Show-winning 1928 Mercedes-Benz 680S Torpedo Roadster, which sold for $8.25 million.

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 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 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, Eddie Smith Sr.

The 1928 Mercedes-Benz 680S Torpedo Saoutchik Roadster is an exquisite, multi-award-winning car which was judged Best of Show at the 2012 Pebble Beach Concours d’Elegance. The car achieved a remarkable $8.25 million as international bidders battled to secure what is widely considered to be one of the most desirable pre-war cars ever made.

The two star lots headed a remarkable sale which saw 15 cars sell for in excess of $1 million each and numerous auction sale records established.

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