Who Paid 67x MSRP for a Ferrari Nobody Wanted?

So I think a good place to start is with who this once anonymous, quickly named buyer was, was Dr. Herbert Wertheim.

He goes by Herbie And that's what I'll refer to him as going forward.

Herbie is an 87-year-old businessman, inventor, investor, and recently a philanthropist who's been donating hundreds of millions of dollars to different causes recently.

And he's also a serious Ferrari collector because this isn't his first Ferrari purchased for benefit of the Ferrari Foundation.

He purchased a Daytona SP3 last year for $23 million.

And he's gotten wealthy through his investments, including one of which is a longtime shareholder of Apple.

It's kind of funny because he's buying a Ferrari designed by Johnny Ive, longtime Apple designer.

So a little bit of parallel there, which makes it particularly interesting.

What do we think about Herbie, Sean? What are your initial thoughts? Of Herbie? I like him.

I mean, I'm all in favor.

Personally, I love seeing extremely wealthy individuals pour money into cars and technology.

That's just my bend.

Because eventually it all trickles down to the average cars that we all drive.

So if you want to spend a truckload of money on a Ferrari, on a Lamborghini, on a whatever, especially the luxury high-end cars like Bugatti that are connected with other companies such as Audi and their whole infrastructure of cars.

I love seeing these really wealthy individuals pouring money into technology that will eventually benefit more people.

He's

donated hundreds of millions of dollars, as I've mentioned, just quickly going over some $100 million for biomedical research, $50 million for engineering education, $25 million towards public health.

He's accumulated billions of dollars and he's pledged to donate half.