Ferrari convertible sets €20million record

A RARE Ferrari convertible has become the most expensive car sold at auction in the United States.

The 1967 Ferrari 275 GTB/4 S NART Spyder was sold for $27.5 million (€20.7 million) in the Classic Car show in Pebble Beach, California.

The NART Spyder belonged to Eddie Smith, a member of the North American Racing Team which the car was named after.

The car is said to be kept mint in a special garage since Smith died in 2007 aged 88.

The Smith family decided to auction the car and Canadian fashion entrepreneur Lawrence Stroll paid the record figure.

Stroll, who reportedly owns more than 20 other Ferraris, has also contributed to a good cause as the Smith family will donate the funds to charity.

The legendary Fangio Mercedes-Benz W196, sold for £19 million (€22 million) at the UK’s Goodwood Festival of Speed earlier this summer, still holds the record as the world’s most expensive car.