$27 million Ferrari sale marks the biggest bid and a new world record for the realm of auctioning vehicles, the Chicago Tribune reported this Monday, Aug. 19. Although the auction house only opened bidding for the Ferrari at a cool $10 million, that soon escalated up over $15 million more than the initial price.
A $27 million Ferrari is indeed the globe’s biggest car sale, a world record-breaker that helped a very rare car, the 1967 Ferrari, sell for quite a bit of cash. Audiences were yelling with excitement as the price continuing to climb, with just a couple bids in the price rising from $10 to $16 million.
The auction itself for the rare vehicle went down in Monterey, where the Ferrari 275 GBT Spider was sold by a former owner to a new, anonymous owner. The settled price for the vehicle made it the most expensive road car that has ever been sold at a public auction.
Although the $27 million Ferrari was indeed seen as the spotlight sale for the night, that wasn’t the only big auction that made news this week. According to the results from the RM Auctions, the company that organized the sale of the Ferrari, as well as competing company Gooding & Co., nearly $150 million in total car sales were made on just Saturday night.
Of course, the rare Ferrari may be worthy of its world record price, as the $27 million Ferrari was one of only 10 that have ever been made across the globe.
“This is a bittersweet moment for us,” said a former owner to a crowd prior to the onset of the vehicle’s bidding. “Ferraris came and went, but this one never went, thank God. We enjoyed it as a family for 45 years.”
“Drive it, love it, enjoy it, and more importantly share it with others so they can see it."
The new owner of the one-in-10 Ferrari is keeping his identity disclosed, but with a ride like that, it may be hard to stay subtle on the street.