Interesting buy:

Rare '67 Ferrari fetches $27M in auction

(Photo: AP)

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LOS ANGELES (AP) — A rare 1967 Ferrari owned by a North Carolina orphan-turned-millionaire sold at auction for $27.5 million.

The red Ferrari was one of only 10 ever built, and its single-family ownership increased interest in the sale, the Los Angeles Times reported.

The owner, the late Eddie Smith, was a former mayor of Lexington, N.C. He died in 2007 at age 88. Since then, the car has been stored in a specially built garage.

"This is a bittersweet moment for us," Eddie Smith Jr. told a packed crowd before bidding began Saturday. "Ferraris came and went, but this one never went, thank God. We enjoyed it as a family for 45 years."

The sale of the Ferrari 275 GTB/4*S N.A.R.T. Spider was handled by RM Auctions in Monterey. N.A.R.T. stands for North American Racing Team, a Ferrari-backed venture created in the late 1950s to promote the brand in the U.S.

Smith Jr. advised the new owner to "drive it, love it, enjoy it, and more importantly share it with others so they can see it." The auction house has not disclosed the new owner.

In keeping with his father's philanthropy, the family was giving all proceeds to various charities, Smith Jr. said.

http://www.usatoday.com/story/money/cars/2013/08/18/ferrari-auctioned-27m/2669487/

ale

The Ferrari 275 GTB/4*S N.A.R.T. Spider on the auction block Saturday night as it sells for $27.5 million (including commission), a world record for a non-race car sold at auction. (Eugene Robertson / RM Auctions / August 18, 2013)

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[Edited 8/19/13 8:56am]

Dayum!

People with too much money.

Ferris Bueller´s Day Off.