Ferrari's first production electric car fetched $40 million at auction, with proceeds benefiting educational initiatives through the Ferrari Foundation.

The first production Ferrari Luce, uniquely configured through Ferrari N.V.‘s Tailor Made program, has been sold for $40 million at the RM Sotheby‘s auction in Monterey during the Monterey Car Week in California.

A bespoke model of Ferrari’s first-ever fully electric car, the Luce, has sold for $40 million, breaking the record for the most expensive new car ever sold at auction.

A collector paid $40 million for 'Chassis 0' of the Ferrari Luce. Whether or not the vehicle is successful is another story.

Luce, the first fully electric car produced by Ferrari, sold for a record $40 million in a charity sale on Saturday, setting a record for the most expensive new vehicle sold at an auction.

This year's Gran Turismo Trophy went to this 1961 Ferrari 250 GT Sperimentale Pininfarina Coupe, a prototype racer that led to the creation of the 250 GTO.

Jay Leno has driven just about every kind of rare machinery imaginable, but even he seemed impressed by David Lee’s latest acquisition. In a new episode of Jay Leno’s Garage, the comedian and collector gets

An open-top, F1-shifted 360 Spider with a screaming V8 and a rebuilt title, a lot of affordable Ferrari for a driver who does the homework.

The 250 GT California features a 3.0-liter V12 triple-carbureted engine mated to a four-speed manual transmission. The car was designed by Pininfarina and handbuilt by Scaglietti after American importers wanted an open-top version of the 250 GT Berlinetta.

The proceeds are going to The Ferrari Foundation charity, and the buyer is the same guy who spent $26 million on a Daytona SP3 last year, for the same charity.