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The first production Ferrari Luce, designated "Chassis 0," sold for $40 million at an RM Sotheby's charity auction during Monterey Car Week in California, setting a record for the most expensive new car ever sold at auction.

The first production Ferrari Luce, designated "Chassis 0," sold for $40 million at an RM Sotheby's charity auction during Monterey Car Week in California, setting a record for the most expensive new car ever sold at auction.

All proceeds from the sale were donated to the Ferrari Foundation's educational programs. The buyer's premium was waived on the lot, and the vehicle is scheduled for final delivery in the first quarter of 2027.

All proceeds from the sale were donated to the Ferrari Foundation's educational programs. The buyer's premium was waived on the lot, and the vehicle is scheduled for final delivery in the first quarter of 2027.

The Luce was designed in collaboration with LoveFrom, a creative studio co-founded by former Apple design chief Jony Ive and Australian designer Marc Newson. Ferrari Chairman John Elkann, who has known the pair for some time, brought the studio on board for the project.

The Luce was designed in collaboration with LoveFrom, a creative studio co-founded by former Apple design chief Jony Ive and Australian designer Marc Newson. Ferrari Chairman John Elkann, who has known the pair for some time, brought the studio on board for the project.

The Luce is powered by four electric motors — one per wheel — producing 1,050 horsepower, with a 0-to-100 km/h time of 2.5 seconds, a top speed of 310 km/h and a range of 530 km on a full charge.

The Luce is powered by four electric motors — one per wheel — producing 1,050 horsepower, with a 0-to-100 km/h time of 2.5 seconds, a top speed of 310 km/h and a range of 530 km on a full charge.

The Luce's unveiling drew sharp criticism, including from former Ferrari president Luca di Montezemolo, who said the company risked "the destruction of a legend." Ferrari CEO Benedetto Vigna said the car had received "strong interest" from both new and existing customers.

The Luce's unveiling drew sharp criticism, including from former Ferrari president Luca di Montezemolo, who said the company risked "the destruction of a legend." Ferrari CEO Benedetto Vigna said the car had received "strong interest" from both new and existing customers.

The auctioned Luce features an exclusive Madreperla Semi-Gloss exterior finish with iridescent green-to-violet reflections, bespoke brake calipers, dedicated wheels and a Le Mans metallic leather interior in Perla with Grigio Corvara secondary elements.

The auctioned Luce features an exclusive Madreperla Semi-Gloss exterior finish with iridescent green-to-violet reflections, bespoke brake calipers, dedicated wheels and a Le Mans metallic leather interior in Perla with Grigio Corvara secondary elements.

Ferrari's first ever electric car sold for record $40m at auction

Ferrari's first ever electric car sold for record $40m at auction

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