Song Dynasty inspired Ferrari sold for $2 m

A Ferrari 599 GTB Fiorano China Limited Edition was sold on Wednesday night for nearly $2 million to an anonymous bidder from Shanghai at an auction in Beijing.

The auction took place at a gala dinner held to celebrate Ferrari's fifth anniversary in China and proceeds from the sale will fund engineering students and teachers from Tsinghua University to study in Milan and at Ferrari's headquarters.

Michael Schumacher had previously unveiled the car designed by Chinese artist Lu Hao and decorated with Song Dynasty (960-1279) Ge Kiln pottery patterns. "It is a very good mix of Chinese inspiration, an artist's eye and Italian technology," said the seven-time Formula One champion.