An undisclosed buyer in California has purchased a rare, 1967 red Ferrari 275 GTB/4*S North American Racing Team Spider – one of only 10 ever made. The car, which sold at auction for $27.5 million, has been in the ownership of only one family since it was new, which brings up the price. The late Eddie Smith, reported the Christian Science Monitor on Monday, Aug. 19, owned the car, and his estate will be donating the money to charity.
“This is a bittersweet moment for us," Eddie Smith Jr. told the crowd gathered for the special sale at RM Auctions in Monterey on Saturday. "Ferraris came and went, but this one never went, thank God. We enjoyed it as a family for 45 years."
And Smith had advice for the new owner, who has so far not been named. He suggested the lucky buyer "drive it, love it, enjoy it, and more importantly share it with others so they can see it." But just how many people can afford to do that?
Eddie Smith was an orphan who made his fortune from a mail order company he founded and owned. He later became mayor of Lexington, North Carolina. Smith died in 2007, and the car has been stored in its own garage ever since.
"Dad wouldn't want the car to be shut away, he would want it to be enjoyed," the younger Smith said. "Even when the value reached went over a million dollars, he would still drive it."
This particular car had a brief acting career, when it was featured in the 1968 film "The Thomas Crown Affair." Perhaps another movie is in its future. Can James Bond be far behind?