A rare red 1967 Ferrari 275 GTB/4*S N.A.R.T. Spider has been sold at auction for a record $27.5 million (£17.5 million).

There were only ten cars built of these North American Racing team (N.A.R.T) Ferraris built with an aim of promoting the brand in the US. It one of the rarest sportscars ever produced, and was featured in the 1968 film “The Thomas Crown Affair”.

It was owned by the late North Carolina millionaire and former mayor of Lexington, Eddie Smith, and was being sold by his family through RM Auctions in Monteray, with the proceeds going to charity. It was his favourite car according to his family, with his son telling the local The Dispatch of Lexington:

“Dad wouldn’t want the car to be shut away, he would want it to be enjoyed,” he said. “Even when the value reached went over a million dollars, he would still drive it.”

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