Rare Ferrari auctioned for $27 million and it's all going to charity

The family of Eddie Smith has auctioned off their late father's 1967 Ferrari 275 GTB/4*S N.A.R.T Spider, and generously donated all the proceeds to charity. The rare car (only 10 were ever made) was sold Saturday night at RM Auctions in Monterey, Calif., for $27.5 million. That price set a new world record for the most expensive road car of any kind sold at auction. 

Smith took ownership of the Ferrari in 1968, and his son, Eddie Smith Jr., told the auction crowd that selling it was "a bittersweet moment." According to the Los Angeles Times, he advised its new owner to "Drive it, love it, enjoy it, and more importantly share it with others so they can see it." [Source] [Source 

]

Trending topic: ferrari auctioned | Click to see more on msnNOW.com