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Herbert Wertheim

Ferrari's Most Criticized Car Sells for $40 Million at Charity Auction

The Ferrari Luce, the brand's first electric vehicle, was shredded by fans and even a former president asked to remove its logo. Yet its zero-series unit fetched $40 million at auction, breaking records. The buyer, an 87-year-old billionaire, had already paid $26 million for another Ferrari last year.