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Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Thursday, August 22, 2013

Rare Ferrari Fetches $27 Million at Auction

NART-Spyder

An extremely rare Ferrari owned by the former mayor of Lexington, North Carolina, recently sold at auction for $27.5 million.

The late orphan-turned-millionaire Eddie Smith died in 2007 at age 88.  The 1967 Ferrari 275 GTB/4*S N.A.R.T. Spider had been in his family for 45 years and had been stored in a special garage.  Only 10 of these cars were ever built and one was featured in the 1968 film “The Thomas Crown Affair.” 

The proceeds of the sale will be given to various charities.

See Late NC Businessman’s Ferrari Auctioned for $27M, Associated Press, Aug. 18, 2013.

Special thanks to Laura Galvan (Attorney, San Antonio, Texas) for bringing this article to my attention.

 

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