Final LaFerrari brings $7 million for charity

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500th LaFerrari has special livery and unique interior
Alain Squindo, RM Sotheby's chief operating officer, leads the LaFerrari auction | Ferrari photos
Alain Squindo, RM Sotheby’s chief operating officer, leads the LaFerrari auction | Ferrari photos

The 500th and last LaFerrari produced sold for $7 million at a special RM Sotheby’s charity auction Saturday in Florida to raise money for the reconstruction of central Italy, after that region was devastated this year by a series of earthquakes. RM Sotheby’s staged the sale in partnership with Ferrari and as part of the Ferrari Finale Mondiali weekend at Daytona International Speedway.

500th LaFerrari has special livery and unique interior
500th LaFerrari has special livery and unique interior

The sales price was a record for a 21st century automobile sold at auction, RM Sotheby’s noted in its post-sale news release.

Bidding ran for 10 minutes and was termed “fierce” by RM Sotheby’s.

In addition to the money from the sale of the last and specially liveried LaFerrari, the National Italian American Foundation’s Earthquake Relief Fund got an additional $36,000 from the auction of two Scuderia Ferrari F1 racing suits and gloves, one autographed by Kimi Räikkönen and the other by Sebastian Vettel.

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A former daily newspaper sports editor, Larry Edsall spent a dozen years as an editor at AutoWeek magazine before making the transition to writing for the web and becoming the author of more than 15 automotive books. In addition to being founding editor at ClassicCars.com, Larry has written for The New York Times and The Detroit News and was an adjunct honors professor at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University.