The Ferrari That Sold for $25 Million at Auction | Ferrari
CAR / MOTOR SHOW
April 7, 2015

The Ferrari That Sold for $25 Million at Auction | Ferrari


Ferrari


What is the Ferrari That Sold for $25 Million at Auction?



Astonishing news has emerged from California, buzzing with the Monterey Weekend. A new auction record for a vintage Ferrari has been set. Believe it or not, the winning bid reached an astounding $25 million, the highest ever for a road car.



Text by SAKURAI Kenichi





Ferrari 275 GTB Sets New World Record



At the RM Auction held at the Monterey Conference Center in downtown Monterey, California, a new record for a vintage Ferrari has been established. The car that achieved this world-record price was a 1967 Ferrari "275 GTB/4 S NART Spider." The winning bid? A staggering $25 million. It's a figure that makes one question if they've misread the digits, translating to approximately 2.5 billion yen. This is, without a doubt, the highest price ever paid for a road car.

The Ferrari 275 GTB/4 S NART Spider, Lot Number 225, featured coachwork by Scaglietti. Its rarity, with only 10 units ever produced, combined with a breathtakingly preserved condition that defies its over 45 years, is said to have contributed to its exceptional valuation.

The auction house had projected a winning bid between $14-17 million, but the final price far surpassed expectations, setting a new all-time record. The seller intends to donate the entire proceeds to charity. The identity of the winning bidder has not been disclosed.


Ferrari at Pebble Beach 2013

Ferrari at Pebble Beach 2013




Also featured at the auction was a 1971 Ferrari "365 GTB/4 Daytona," used in the film "The Gumball Rally" (1976), which fetched $1.5 million. Both sales underscored the enduring popularity of Ferrari's 12-cylinder models.

Today's Ferrari "458 Italia" and "458 Spider" continue the lineage of mid-engined Ferraris. The 1974 Ferrari "246 GT Dino" sold for $360,000, and a 1957 Ferrari "250 GT 14-Louver Berlinetta" achieved $8.6 million. From Scuderia Ferrari, an F1 machine that competed in the 2002 GP season, the Ferrari "F2002," was also auctioned, selling for $2.05 million.

The value and desirability of vintage Ferraris remain undiminished, with prices continually reaching new heights, making them the stars of auction houses. Beyond the cars themselves, even rare memorabilia related to Ferrari continues to see active trading. It's clear that vintage Ferraris, which can no longer be produced, exist in a separate realm, unaffected by economic downturns, much like precious metals.