Ferrari Builds One More LaFerrari to Benefit Earthquake Victims

Charity auction will raise millions

Originally, Ferrari had stated that only 499 units of the LaFerrari would be built. Now a 500th example, bound for auction, will roll off the production line in Maranello for the express purpose of raising relief funds to aid the victims of the recent earthquake in Italy.

A week ago, the 6.2-magnitude quake demolished towns and villages across the mountains of central Italy, leaving close to 300 dead and hundreds wounded. More than 4,000 people do not have a home to return to, and rescue crews continue their efforts.

Ferrari has yet to disclose where the auction will take place or when. It's also unclear if the last LaFerrari will be a coupe or the newly announced open-top LaFerrari Aperta.

Ferrari came to this decision after it invited both German and Italian governments to hold bilateral talks at Ferrari with Sergio Marchionne, Ferrari's CEO, to discuss how to best help those affected.

The LaFerrari uses a naturally aspirated V-12 engine coupled to a hybrid electric motor that produces a total output of 950 horsepower. When first introduced, the LaFerrari cost each hand-selected owner about $1.4 million before options.

Recently, a matte black LaFerrari sold at an auction during Monterey Car Week for $5.17 million, more than tripling the sticker price of the hybrid hypercar. Given that valuation, we're sure that when auctioned to benefit the earthquake's victims, that number will be significantly higher.

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