500th LaFerrari Fetches $9M For Earthquake Relief

by under News on 06 Dec 2016 01:15:45 PM06 Dec 2016
500th LaFerrari Fetches $7M For Earthquake Relief

The LaFerrari, the prancing horse’s fourth halo car following the F40, F50, and Enzo was released in 2013 with a planned production run of just 499 units in keeping with its founder’s knack for wanting to produce one less than the amount the market wants. 

However, a special final 500th example was built to raise money for the Earthquake Relief Fund that was established by the National Italian American Foundation to aid victims of the earthquakes that hit central Italy earlier this year. 

500th LaFerrari Fetches $7M For Earthquake Relief500th LaFerrari Fetches $7M For Earthquake Relief

At an auction held Daytona Beach in Florida, held by RM Sotheby’s in collaboration with the aforementioned foundation, the bright scarlet final LaFerrari fetched a record breaking AU$9.1 million (or $7million US Dollars), making it the most valuable 21st century vehicle ever to be sold at auction. 

This is the culmination of bilateral talks between the Italian and German government that took place back in August 2016 at Ferrari’s Maranello factory, where the plan was enacted to produce a final LaFerrari, the proceeds of which will be channeled exclusively to the earthquake relief effort. 

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