Ferrari Sold at Charity Auction Sells For Record $7 million

A LaFerrari was auctioned off for USD 7 million over the weekend, to become the most valuable 21st century automobile ever sold at auction.

The exclusive sale took place during the Ferrari Finali Mondiali weekend at the Daytona International Speedway in Daytona Beach, Florida.

The Italian automaker donated the luxury sports car at an auction held jointly between RS Sotheby's and the National Italian American Foundation's Earthquake Relief Fund.

All proceeds will be donated towards reconstruction efforts in the area of central Italy that was struck by an earthquake this year.

The LaFerrari features a red exterior, white dream line on the hood and rear windshield and small Italian flag on the hood.