- Ferrari Luce has sold for $40 million at a charity auction during Monterey Car Week, breaking the record for the most expensive new car ever sold at auction.
- The high bid for the tailor-made Ferrari Luce “Chassis 0” comes just months after Ferrari's share price fell by more than 8% on the Milan stock exchange following the unveiling of the Luce in May.
- All proceeds from the sale will go to The Ferrari Foundation to support educational initiatives, the car maker said.
- Following the conclusion of the sale, the vehicle will return to Maranello, Italy, where it was built, before being delivered to the unnamed winning bidder in the first quarter of 2027.
- The Luce, which means “Light” in Italian, features an electric engine on each of its four wheels and has polarized fans, according to Ferrari.
Ferrari's Luce, the brand's first fully electric vehicle, has made history by selling for $40 million at a charity auction during Monterey Car Week, setting a new record for the most expensive new car ever sold at auction.12
The bespoke model, known as "Chassis 0," was auctioned by RM Sotheby’s and sold for 36 times its original estimate of $1.1 million.
The sale comes shortly after Ferrari's stock price fell by over 8% on the Milan stock exchange following the Luce's unveiling in May.
All proceeds from the sale will support educational initiatives through The Ferrari Foundation, as confirmed by the car maker.4
Ferrari described the Luce, which features an electric engine on each wheel, as a vehicle for a "different sort of Ferrari client."
After the auction, the Luce will return to Maranello, Italy, where it was built, before being delivered to the unnamed winning bidder in the first quarter of 2027.5
This record-breaking sale highlights the growing interest in electric vehicles within the luxury market, as traditional automotive boundaries continue to evolve.
“The bespoke Ferrari Luce, sold at a charity auction during Monterey Car Week, fetched 36 times its original estimate of $1.1 million. Following the sale, the vehicle will return to Maranello before being delivered to the unnamed winning bidder in early 2027.”
