Pre-Sale Estimate vs. Final Price

Before the auction, RM Sotheby's valued the car "in excess of" $1.1 million — already a premium over the standard Luce MSRP of roughly $600,000–$640,000 . The car was offered without reserve, meaning it would sell to the highest bidder regardless of the final number .

The final sale price of $40 million represents roughly 36–40 times the pre-sale estimate and roughly 60+ times the standard MSRP .

Records Broken

• Most expensive new car ever sold at auction, besting the 2025 record of $26 million paid for a Ferrari Daytona SP3 "Tailor Made"
• Most expensive electric car ever sold at auction
• Most expensive automotive charity lot ever sold

Who the Proceeds Benefit

Ferrari donated 100% of the hammer price to The Ferrari Foundation, a recognized U.S. 501(c)(3) public charity, to fund future educational initiatives . The charity supports the M-TECH Alfredo Ferrari technical education campus under construction in Maranello, as well as educational programs in the United States .

The Car: Key Details

Performance Specs (Standard Ferrari Luce)

The standard Luce is a four-door, five-seat electric grand tourer with these reported specifications:

• Powertrain: Four permanent-magnet synchronous electric motors (one per wheel), delivering all-wheel drive and torque vectoring
• Power: ~1,050 hp (some sources cite 1,035–1,113 hp)
• Torque: ~730–990 Nm
• 0–60 mph: ~2.4–2.5 seconds
• Top speed: ~192–193 mph (governed)
• Battery: 122 kWh NMC (nickel-manganese-cobalt) pack
• Range: ~329 miles WLTP (approx. 280–310 miles real-world)
• Fast charging: 350 kW DC capability
• Weight: ~2,260 kg (~4,980 lbs)
• Interior design: By Sir Jony Ive's LoveFrom design collective

Bidding Dynamics

Bidding started around $1 million given the no-reserve format . The auctioneer could scarcely keep pace as the price shot to $5 million, then $10 million, then $25 million, and finally to $40 million — a trajectory that auction observers described as stunning . The entire sequence was relatively short and high-energy, typical of charity lots where emotional bidding and brand philanthropy converge .

Why the Buyer Paid Such a Premium

Several factors combined to drive the price to $40 million:

• First-of-its-kind status: Chassis 0 of Ferrari's first-ever production EV is a unique piece of automotive history
• One-off Tailor Made specification: The bespoke configuration is unrepeatable, adding to exclusivity
• Charity halo: All proceeds went to The Ferrari Foundation for education, incentivizing philanthropic bidding far beyond market value
• Brand significance: The Luce is arguably the most consequential new Ferrari since the LaFerrari. Collectors view Chassis 0 as a "type specimen" for Ferrari's electric era
• No reserve and live drama: A no-reserve charity lot at a marquee event can create a feeding frenzy among ultra-high-net-worth bidders who want both the car and the publicity
• Record-chasing: The previous Ferrari charity record ($26M Daytona SP3 in 2025) was a clear target; winning bidders often treat headline charity lots as a marker of status within the collector community

How the Sale Fit Into Broader Monterey Car Week Auction Results

RM Sotheby's Monterey 2026 overall results showed the auction achieving approximately $370 million across all lots with an 87% sell-through rate . Other notable top lots included a 1985 Ferrari 288 GTO at $11,555,000 (a new model record) and a 1979 Lamborghini Countach LP400 S Series I at $2,370,000 .

The Luce's $40 million alone accounted for roughly 11% of the entire sale's total, making it by far the standout lot — despite being a modern EV that polarized traditionalist collectors . Hagerty's on-the-ground coverage noted that the Luce's sale represented a record "multiple at over 60x the MSRP" for a new vehicle at charity auction .

Bottom Line

The Ferrari Luce Chassis 0 didn't just sell — it shattered expectations. A pre-sale estimate of ~$1.1 million turned into $40 million, making it the most expensive new car, most expensive EV, and most valuable charity automotive lot ever sold at auction. Every dollar goes to The Ferrari Foundation's education programs, and the sale anchored a record-setting Monterey Car Week that saw $370 million in total sales at RM Sotheby's alone.

Pre-Sale Estimate vs. Final Price

Before the auction, RM Sotheby's valued the car "in excess of" $1.1 million — already a premium over the standard Luce MSRP of roughly $600,000–$640,000 . The car was offered without reserve, meaning it would sell to the highest bidder regardless of the final number .

The final sale price of $40 million represents roughly 36–40 times the pre-sale estimate and roughly 60+ times the standard MSRP .

Records Broken

• Most expensive new car ever sold at auction, besting the 2025 record of $26 million paid for a Ferrari Daytona SP3 "Tailor Made"
• Most expensive electric car ever sold at auction
• Most expensive automotive charity lot ever sold

Who the Proceeds Benefit

Ferrari donated 100% of the hammer price to The Ferrari Foundation, a recognized U.S. 501(c)(3) public charity, to fund future educational initiatives . The charity supports the M-TECH Alfredo Ferrari technical education campus under construction in Maranello, as well as educational programs in the United States .

The Car: Key Details

Performance Specs (Standard Ferrari Luce)

The standard Luce is a four-door, five-seat electric grand tourer with these reported specifications:

• Powertrain: Four permanent-magnet synchronous electric motors (one per wheel), delivering all-wheel drive and torque vectoring
• Power: ~1,050 hp (some sources cite 1,035–1,113 hp)
• Torque: ~730–990 Nm
• 0–60 mph: ~2.4–2.5 seconds
• Top speed: ~192–193 mph (governed)
• Battery: 122 kWh NMC (nickel-manganese-cobalt) pack
• Range: ~329 miles WLTP (approx. 280–310 miles real-world)
• Fast charging: 350 kW DC capability
• Weight: ~2,260 kg (~4,980 lbs)
• Interior design: By Sir Jony Ive's LoveFrom design collective

Bidding Dynamics

Bidding started around $1 million given the no-reserve format . The auctioneer could scarcely keep pace as the price shot to $5 million, then $10 million, then $25 million, and finally to $40 million — a trajectory that auction observers described as stunning . The entire sequence was relatively short and high-energy, typical of charity lots where emotional bidding and brand philanthropy converge .

Why the Buyer Paid Such a Premium

Several factors combined to drive the price to $40 million:

• First-of-its-kind status: Chassis 0 of Ferrari's first-ever production EV is a unique piece of automotive history
• One-off Tailor Made specification: The bespoke configuration is unrepeatable, adding to exclusivity
• Charity halo: All proceeds went to The Ferrari Foundation for education, incentivizing philanthropic bidding far beyond market value
• Brand significance: The Luce is arguably the most consequential new Ferrari since the LaFerrari. Collectors view Chassis 0 as a "type specimen" for Ferrari's electric era
• No reserve and live drama: A no-reserve charity lot at a marquee event can create a feeding frenzy among ultra-high-net-worth bidders who want both the car and the publicity
• Record-chasing: The previous Ferrari charity record ($26M Daytona SP3 in 2025) was a clear target; winning bidders often treat headline charity lots as a marker of status within the collector community

How the Sale Fit Into Broader Monterey Car Week Auction Results

RM Sotheby's Monterey 2026 overall results showed the auction achieving approximately $370 million across all lots with an 87% sell-through rate . Other notable top lots included a 1985 Ferrari 288 GTO at $11,555,000 (a new model record) and a 1979 Lamborghini Countach LP400 S Series I at $2,370,000 .

The Luce's $40 million alone accounted for roughly 11% of the entire sale's total, making it by far the standout lot — despite being a modern EV that polarized traditionalist collectors . Hagerty's on-the-ground coverage noted that the Luce's sale represented a record "multiple at over 60x the MSRP" for a new vehicle at charity auction .

Bottom Line

The Ferrari Luce Chassis 0 didn't just sell — it shattered expectations. A pre-sale estimate of ~$1.1 million turned into $40 million, making it the most expensive new car, most expensive EV, and most valuable charity automotive lot ever sold at auction. Every dollar goes to The Ferrari Foundation's education programs, and the sale anchored a record-setting Monterey Car Week that saw $370 million in total sales at RM Sotheby's alone.