The biggest Ferrari auction took place last Saturday and, just like we’d called it, history was made. On September 9, RM Sotheby’s auctioned off a LaFerrari Aperta for a staggering $10 million (€8.3 million to be exact). Coinciding with Ferrari’s 70th anniversary, the sale sets a new record for the most expensive modern car to sell at auction — a record previously held by another Ferrari car.

If $10 million sounds a tad excessive, that’s only because the car that came with it was a one-of-a-kind model by the iconic Italian car company. The LaFerrari Aperta that was sold happens to be the last model of Ferrari’s signature car to be made. Setting itself apart from the other Aperta soft-tops, the car comes with a metallic Rosso Fuoco livery and a double metallic Bianco Italia racing stripe on its hood and tail. It isn’t surprising, then, that the car has far surpassed its estimated value of $3.5 to $4.5 million.

The last time a final version of the standard LaFerrari had gone under the hammer, it had similarly broken records by fetching $7 million. This was just in 2016, when the car was sold to raise funds for earthquake victims in Central Italy.

Ferrari continues to uphold its philanthropic spirit this year as well. The proceeds of the extravagant $10 million sale will be donated to the Save the Children charity, in support of a good-willed cause to improve the lives of disadvantaged children around the world.

Other highlights from RM Sotheby’s Ferrari auction that had taken place at Maranello, Italy include a Ferrari California 250 GT SWB that went for €7.9 million ($9.5 million) and a 1958 250 GT Cabriolet Series I that fetched €4.7 million ($5.7 million). As for the Ferrari Daytona barn find, the car was sold for €1.8 million ($2 million) which, in comparison to the hefty price tag of the LaFerrari Aperta, seems like a steal.

 

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