The self-made American billionaire who bought a Ferrari Daytona SP3 ‘Tailor Made’ for $26 million last year is the same investing legend who purchased Ferrari Luce’s Chassis 0 at RM Sotheby's Monterey Auction for $40 million on Saturday night, immediately making it the most expensive contemporary car ever auctioned.
Herbert ‘Herbie’ Wertheim, whose life story reads like an American epic, won the auction for the first production example of Maranello's first electric grand tourer. Known to friends as “Dr. Herbie,” Wertheim – who always wears a bright-red fedora – is an optometrist, inventor, and investing legend estimated to be worth up to $5 billion, depending on his charitable donations.
Renowned for making shrewd investments and his generous philanthropy, his record-breaking bid will go to the Ferrari Foundation, funding education and rebuilding projects.
The Luce carries a base price of roughly $640,000. Chassis 0 is the first production unit off the line, distinguished by a dedicated plaque identifying its position in the production run. It was offered as lot 345, without reserve, and RM Sotheby's waived the buyer's premium on the lot. Every dollar of the sale benefited the Ferrari Foundation, a 501(c)(3) public charity that supports educational initiatives.
The car carries a set of Tailor-Made specifications developed through Ferrari's design studio. The exterior is finished in a Madreperla semi-gloss paint mixed specifically for this car, with an iridescent effect that shifts from green to violet depending on the light. The interior uses Le Mans metallic leather in Perla with Grigio Corvara secondary trim, paired with dedicated wheels and bespoke brake calipers. The Ferrari badge is set against an optical white background.
The Luce has been Ferrari's most debated launch in years since it broke cover as the brand's first EV, and this sale is the first major public price signal tied to the model. The result is roughly 36 times the pre-sale estimate. Delivery is scheduled for the first quarter of 2027, after the car returns to Maranello, Italy.
Wertheim made the headlines at Car Week last year, when he paid $26 million for the Daytona SP3. Part of Ferrari’s exclusive Icona Series, the SP3 was limited to 599 examples worldwide, but this one-off ‘Tailor Made’ commission stunned the automotive world – chassis ‘599+1,’ finished in a striking two-tone carbon-fiber and Giallo Modena livery.
Who is “Dr. Herbie” Wertheim?
Born in Philadelphia at the end of the Great Depression, Wertheim ran away from home as a teenager, working odd jobs like picking oranges in Florida and even living with Seminole Indians in the Everglades. At 16, he stood before a judge on truancy charges and was given a choice: State reformatory or military service. He chose the U.S. Navy at 17, a decision that reshaped his life.
While serving in naval aviation during the Cold War, Wertheim began investing. His first stock purchase, Lear Jet, came from his Navy stipend, and he went on to meet aviation pioneer Bill Lear in person. That early exposure to technology and industry ignited a lifelong passion.
After the Navy, Wertheim studied physics and chemistry, worked as a NASA engineer at Cape Canaveral, and eventually earned a scholarship to study optometry. In 1969, he invented an eyeglass tint for plastic lenses that filtered harmful UV rays, helping prevent cataracts.
By 1970, he founded Brain Power Inc. (BPI), which went on to hold more than 100 patents and copyrights in optical technology.
A Billionaire Who Played the Long Game
Unlike Silicon Valley moguls or Wall Street icons, Wertheim’s fortune didn’t come from a single IPO windfall. Instead, he built it patiently through decades of disciplined investing. He bought and held shares of companies like Apple, Microsoft, GE, Google, BP, and Bank of America long before they became household names, according to Forbes.
His single greatest investment remains Heico, an aerospace parts manufacturer. Wertheim purchased a stake in 1992, worth about $5 million at the time. Today, his position exceeds $800 million, making him Heico’s largest individual shareholder.
A Life of Luxury, Purpose, and Giving
Wertheim’s portfolio afforded him an enviable lifestyle, and he has been described as one of the most successful individual investors of his generation. Yet his wealth is balanced by philanthropy. Having donated more than $100 million to Florida’s public universities, Wertheim also signed Bill Gates and Warren Buffett’s ‘Giving Pledge’, committing to donate at least half his fortune – most of it toward education.
Like his stock portfolio, the Ferrari is built on the principle that some creations – whether a transformative technology or a bespoke supercar – transcend market cycles. For collectors, it is yet another reminder that at Monterey Car Week, history isn’t just celebrated – it’s bought and can be driven.
Images by duPont REGISTRY, Ferrari S.P.A
