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

Sincity Press Staff 2 hours ago 2 min read 3
Sincity Press Brief

The Luce's launch drew backlash from some commentators who said it broke from the brand's signature dramatic styling.

Ferrari's archetypal ever all-electric car has fetched $40m (£29.5m) successful a foundation sale, mounting a grounds for a caller car sold astatine auction.

The Sotheby's auction successful California raised much than 35 times the accustomed terms of a Ferrari Luce. The auction catalogue said it is simply a peculiar exemplary featuring a unsocial decorativeness and bespoke parts.

The Luce, the brainchild of iPhone decorator Sir Jony Ive, faced a backlash erstwhile it was launched successful May aft immoderate commentators said it had strayed from the marque's accepted designs and mislaid portion of the brand's individuality by being battery-powered and having 5 seats.

Sotheby's said each proceeds of the merchantability volition beryllium donated to the Ferrari Foundation's acquisition programmes.

Sotheby's did not sanction the purchaser of the customized Luce. The BBC has contacted the auction location and Ferrari for much information.

The unveiling of the Luce was seen arsenic 1 of the biggest launches of a caller car successful caller years.

It marked the prancing horse's archetypal introduction into the electrical conveyance (EV) marketplace - a assemblage dominated by Elon Musk's Tesla and China's carmakers.

Italian President Sergio Mattarella and Pope Leo were invited to presumption the luxury brand's the vehicle.

But Ferrari's shares dropped the time aft the Luce's launch, pursuing disapproval of the car.

It was besides criticised by the company's erstwhile president Luca Cordero di Montezemolo and Italy's lawman premier curate Matteo Salvini.

Sotheby's said successful a statement, external that the auctioned conveyance marked an "unbeatable opportunity" to ain the archetypal accumulation car of the Luce.

The car has peculiar wheels, customised brakes and an exclusive achromatic finish.

The foundation merchantability marks a "tangible look of innovation, responsibility, and semipermanent imaginativeness for aboriginal generations," Sotheby's said.

A bespoke Daytona SP3 supercar raised $26m for the carmaker's acquisition initiatives astatine an auction successful 2025. At the clip it acceptable a grounds for the highest-price paid for a caller Ferrari sold astatine auction.