40m

But Ferrari’s shares dropped the day after the Luce’s launch, following backlash over the car.

Amongst those criticising the car were Italy’s deputy prime minister Matteo Salvini and former Ferrari chairman Luca Cordero di Montezemolo, who said the car was “risking the destruction of a legend”.

Ferrari’s chief design officer Flavio Manzoni said in an interview in May that critics are part of the innovation process and that he believed people would come to appreciate the Luce.

The company has not disclosed its target for Luce sales but, according to a Financial Times report, it has hit this year’s goal thanks to strong demand from China.

Ferrari did not respond to a BBC request for comment on the FT’s report,

Sotheby’s said in a statement, external that the auctioned vehicle marked an “unbeatable opportunity” to own the first production car of the Luce.

The car has special wheels, customised brakes and a white finish.

The charity sale marks a “tangible expression of innovation, responsibility, and long-term vision for future generations,” Sotheby’s said.

Ferraris often attract some of the highest prices at car auctions.

A bespoke Ferrari Daytona SP3 supercar raised $26m for the carmaker’s education initiatives at an auction in 2025. At the time it set an auction record for the highest-price paid for a new car.

The current record for the highest price paid at auction was an ultra-rare 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé, which was sold for $142m in 2022.

May 28 (UPI) — A former CIA agent is accused of stealing nearly $40 million worth of gold bars and about $2 million in cash from the agency, and lying to the agency about his education, military history and pilot license.

David J. Rush of Virginia, who is described in a criminal complaint as a former senior executive with a top secret clearance, was arrested last week and charged with theft of public funds, The Washington Post, USA Today and NBC News. He also claimed about $77,000 of paid military leave for which he wasn’t entitled.

The FBI searched Rush’s home last week and found 303 gold bars that weighed 2.2 pounds each and are estimated to be worth about $40 million, according to an affidavit written by Special Agent Matthew Johnson, USA Today reported.

The FBI seized the gold from the home along with about $2 million in cash and 35 luxury watches, many of which were Rolexes.

From November 2025 and March 2026, Rush requested and received “a significant quantity of foreign currency and tens of millions of dollars in gold bars for work-related expenses,” the affidavit said. When the government visited the storage facility where it was supposed to be stored, most of it was missing. The documents don’t list the reason he needed so much money and gold.

Rush had been in the Navy and was honorably discharged in 2015. But he allegedly told the agency that he was in the reserves for 10 years and took 744 hours of military leave during that time adding up to about $77,000, the affidavit said.

The affidavit alleges that Rush claimed to have a bachelor’s degree from Clemson University and a master’s degree from Rensselaer Polytechnic Institute. An FBI investigation found no record of him attending either school. He also claimed to have been a Navy pilot, but the investigation found no record of that, and the Federal Aviation Administration has no pilot’s license registered to Rush.

Rush is in the custody of the U.S. Marshals Service. He waived his right to a preliminary hearing, and a detention hearing is set for June 5.