Dr. Herbert A. Wertheim, an 87-year-old optometrist-turned-businessman and philanthropist, bought the first Ferrari Luce ever sold for $40 million at a Sotheby’s auction benefiting the Ferrari Foundation. The price was more than 36 times the car’s $1.1 million presale estimate, although the auction vehicle had a pre-production chassis while production Luce models retail for $640,000. Automotive content creator and television presenter Peter Greaves estimated that Wertheim could receive $13.2645 million in tax savings when filing his 2026 taxes. His calculation subtracts the vehicle’s estimated $1.1 million fair market value and a $1 million, or 0.5% of estimated $200 million adjusted gross income, floor from the purchase price, then applies the One Big Beautiful Bill Act’s 2/37ths adjustment and a 37% tax rate. Wertheim has not said whether he will claim the deduction. The sale comes as Ferrari faces scrutiny over its electric-vehicle strategy, despite a report that it exceeded its short-term goal of selling 500 units. The Indiana University Lilly Family School of Philanthropy estimates the law’s 35% limit could reduce charitable donations by $4.1 billion to $6.1 billion.