One-off Ferrari 599 GTB Fiorano China Edition sold at an auction for $1.75 million

Remember that one-off Ferrari 599 GTB Fiorano China Limited Edition; the one that was designed by renowned Chinese artist Lu Hao?

Well, it was auctioned off today at the Red Gate Gallery in Beijing for a whopping $1.75 million. Unfortunately, the identity of the winning bidder was withheld so we have no idea who he was, although, we do know that he’s probably rich enough to afford paying for this car.

If you recall, this uber-rare Ferrari, which incidentally was based from a limited edition 599 that is going to be exclusively sold in China, was designed by Mr. Hao with pottery patterns from the legendary Song Dynasty.

While the one-off 599 was the highlight of the auction, other Ferrari items were also up for bids, including racing overalls worn by Giancarlo Fisichella, as well as a helmet and model car that has been signed by no less than seven-time F1 world champion, Michael Schumacher.

The auction was done as part of a fund-raising where proceeds generated by the auction would go to the funding of a number of students and teachers from the Department of Automotive Engineering at Tsinghua University. These select group of students and teachers will be given the opportunity to go on a trip to the land of the Prancing Horse – Italy – where they’ll be given a chance to study at Politecnico di Milano University and take up an internship job at Ferrari.