What is believed to be the final unit of the Ferrari LaFerrari was just recently auctioned off for a whopping RM31.1 million, which equates to $7 million. This makes the LaFerrari the single most valuable automobile ever sold at an auction in the 21st century.

It’s all for good cause, though. The auction was jointly held by a 25-year old classic car auctioneer, RM Sotheby’s and the National Italian American Foundation’s Earthquake Relief Fund. All proceeds of the auction will go to the reconstruction efforts of Central Italy, one that was recently hit by a 6.2 magnitude earthquake which claimed 296 lives.

The LaFerrari sold will get a special commemorative plaque, and is finished in glorious red with white dream lines on the hood and windshield. There is also a small Italian flag on the hood that serves as a reminder that the car is a gift by Ferrari to its home country.