Rare 1960s Ferrari fetches $27.5m at auction

A rare 1960s Ferrari convertible has sold in California for a record $27.5m (€20m).

The 1967 Ferrari 275 GTB/4*S NART Spyder’s price was the most paid at auction for the Italian carmaker anywhere in the world and the most for any car bought at a US public sale.

“The NART Spyder is a very special car,” the UK-based dealer John Collins, who was the underbidder at the RM Auctions event, said in a telephone interview.