Local businessman’s Ferrari sets world record at auction - Local news, weather, sports Savannah | WSAV On Your Side

Local businessman’s Ferrari sets world record at auction

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A car owned by the CEO of Grady-White boats in Greenville has sold at auction for $27,500,000 setting a world record.

9 On Your Side first reported about Eddie Smith Jr's 1967 red Ferrari on Friday. It was one of only 10 ever built, and its single family ownership increased interest at the sale. Smith says in keeping with his father's philanthropy the family is giving all proceeds to various charities.

 "You think about, you know, what this car is probably going to sell for … it's pretty neat to think about the fact that thousands and thousands of lives will be touched, in some way" said Eddie Smith Jr. in an interview with Ben Tracy on CBS This Morning.

The late Eddie Smith was the former mayor of Lexington, North Carolina.

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