The unique Ferrari 599 China was bought last night by an anonymous client from Shanghai at a price of €1.2 million (including taxes). The auction was the climax of the Gala dinner organised by Ferrari at the Red Gate Gallery in Beijing.

Lu Hao, the first Chinese artist to work with Ferrari, created this special model decorated with Song Dynasty Ge Kiln pottery patterns.

The proceeds from this auction will fund outstanding students and young teachers of Tsinghua University’s Department of Automotive Engineering to study at Italy’s Politecnico di Milano University and internship at Ferrari’s headquarters.

The gala dinner was attended by Michael Schumacher, who also provided a signed helmet and model car to be auctioned. F1 driver Giancarlo Fisichella provided a set of racing overalls that he wore during the season.