The one of ten Ferrari sets a new action record in Monterey.

A 1967 Ferrari 275 GTB/4*S NART Spyder, the car once referred to as "one of those red Italian things" by Faye Dunaway in the 1968 movie "The Thomas Crown Affair," has sold at auction in Pebble Beach for $27.5 million.

The car now stands as the second most expensive car ever to sell at public auction. Bested only by a 1954 Mercedes-Benz W196 that sold for $29.7 million in July.

Named for the North American Racing Team, the NART Spyder sold yesterday was only one of ten ever made. Auctioned by the family of the original owner, Eddie Smith Sr., the extremely rare Ferrari had even been lusted after by infamous actor Steve McQueen after he wrecked his own.

The NART Spyder had been valued at $14 to $17 million by RM auctions. The proceeds of the sale, however, are being donated to charity, which is said to be a catalyst for the car's immense sale price.

"The NART Spyder is a very special car," said the U.K.-based dealer John Collins in a phone interview with Bloomberg. "They're so rare. They're among the most beautiful of all Ferraris."

Photo credit: Bloomberg