The last LaFerrari coupe ever to be built was auctioned for five times more than the model's original asking price.

Ferrari changes its plans last year following the devastating earthquakes that hit Italy: the Maranello-based manufacturer decided to build one more LaFerrari coupe. The reasoning behind it had a charitable purpose; all the proceeds from the sale would go to benefit the reconstruction of central Italy in the aftermath of the natural disaster.

With help from the National Italian American Foundation’s Earthquake Relief Fund and RM Sotheby’s, Ferrari has successfully auctioned off LaFerrari number 500 for the impressive sum of $7,000,000, thus improving the previous LaFerrari auction record by more than $1.8M. It happened last night in Florida as part of the Finali Mondiali event, which also served as the venue for the world premiere of the track-only 488 Challenge and the one-off SP275 SW Competizione.

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With the final bid standing at $7M after an intense 10-minute bidding war, it means the last coupe went under the hammer for five times more than the hypercar’s original starting price in the United States of $1.4M. Compared to the other 499 units, the unexpected LaFerrari #500 will feature the Italian tricolor flag on the front fascia along with a unique plaque on the inside to denote its special status.

Not only is it the most expensive LaFerrari to ever be sold at an auction, but at the same time it’s also the most valuable car built in the 21st century ever to be auctioned.

At the same event, two official Scuderia Ferrari F1 racing suits and gloves were offered, one signed by Kimi Raikkonen while the other had Sebastian Vettel’s autograph. These helped raise an extra $36,000 for the same charitable purpose.

Source: Ferrari

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ONE-OF-A-KIND LAFERRARI RAISES $7MILLION TO BENEFIT CENTRAL ITALY

Daytona Beach, FL (4 December 2016) – Last night, a prized LaFerrari was sold at auction for $7 Million to benefit the reconstruction of Central Italy in the aftermath of the devastating earthquakes of 2016. The auction was held in conjunction with RM Sotheby’s and in collaboration with the National Italian American Foundation’s Earthquake Relief Fund. The price achieved represents a record for the most valuable 21st Century automobile ever sold at auction.

All proceeds from the auction will go toward the reconstruction efforts in the areas affected by the earthquake. RM Sotheby’s has graciously donated their expertise to raise the highest amount possible. The decision to donate a LaFerrari from the company’s own collection for this cause was announced on August 31st 2016 on the occasion of the bilateral talks between the Italian and German governments that took place at the Ferrari factory in Maranello, Italy.

The LaFerrari boasts a unique livery with a distinctly Italian theme: a red exterior with a white dream line on the hood and rear windshield. A small Italian flag on the hood serves as a reminder that this is a gift by Ferrari to its home country. The car will also feature a commemorative plaque.