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Reading: Ferrari Luce EV Auction Fetches Record $40 Million
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Ferrari Luce first electric vehicle
PhotoNews Pakistan > Tech > Ferrari Luce EV Auction Fetches Record $40 Million
Tech

Ferrari Luce EV Auction Fetches Record $40 Million

Web Desk
By Web Desk Published August 17, 2026 1 Min Read
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Ferrari’s first electric vehicle, the Luce.
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MILAN, Italy: A one-off Ferrari Luce EV auction raised USD 40 million during Monterey Car Week, with Ferrari saying the sale set a world record for a new car sold at auction.

The bespoke vehicle, known as “Chassis 0,” came from Ferrari’s Tailor Made division and design centre. RM Sotheby’s handled the sale in partnership with Ferrari.

JUST IN: Ferrari’s first production Luce EV sells for a record $40 million at charity auction. pic.twitter.com/9vyKf15qvw

— Polymarket (@Polymarket) August 17, 2026

Ferrari said the USD 40 million result surpassed the USD 26 million paid at auction for a one-off Daytona SP3 last year. The company will direct the Luce proceeds to education projects through the Ferrari Foundation.

Read: Ferrari Luce EV Debuts In Rome Above €500,000

The Luce is Ferrari’s first fully electric vehicle. The five-seat, four-door model debuted in May with a listed price of EUR 550,000, or about USD 638,400 at the exchange rate cited by Reuters.

Read: Ferrari Amalfi 2025: Roma Successor Unveiled with Stunning Upgrades

Its launch triggered debate among Ferrari enthusiasts over the car’s styling and departure from the company’s combustion-engine tradition. Ferrari later said it was “very pleased” with orders but did not disclose figures.

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