Ferrari's First Electric Car Sells for $40M, Setting New Car Auction Record
At a charity auction held during Monterey Car Week in California, Ferrari's inaugural fully electric model, the Luce, achieved an astonishing sale price of $40 million, facilitated by RM Sotheby's. This amount eclipsed the former record of $26 million, which was established in August 2022 for a customized Ferrari Daytona SP3 at the same location. The specific beneficiaries of the proceeds remain undisclosed. The remarkable outcome for the Luce underscores the appetite for luxury vehicles among affluent collectors and reinforces Ferrari's leadership in the luxury electric vehicle market. The weekend auction exemplifies the blend of automotive advancement and high-value collectibles, setting a new standard for future premium EV auctions.
Key facts
- Ferrari's first fully electric car sold for $40 million at a charity auction.
- The auction was held by RM Sotheby's during Monterey Car Week in California.
- The sale set a record for the most expensive new car ever sold at auction.
- The previous record was $26 million for a Ferrari Daytona SP3, set in August of the prior year.
- The car is named the Luce.
- The auction took place over the weekend.
- The sale occurred at the same venue as the previous record.
- The proceeds are designated for charity.
Entities
Institutions
- Ferrari
- RM Sotheby's
Locations
- California
- Monterey Car Week
Sources
- Quartz —