A one-off Ferrari on which we reported last month has been auctioned off for $1.77 million, including taxes.

The Ferrari 599 China was snapped up by an anonymous, silent auction participant based in Shanghai.

The one-off Fiorano was hand painted by Chinese artist Lu Hao with a pattern reminiscent of the sought-after Ge Liln porcelain of the Song Dynasty.

The automaker has distributed a 2:23 video detailing the entire process.

This unique example was auctioned at the automakers’ fundraising dinner at the Red Gate Gallery in Beijing

Proceeds from the sale provide funding for Tsighua University auto engineering students and teachers to study at the Politecnico di Milano university in Italy.

Scholarship winners will also get the opportunity to intern at Ferrari.

Other items auctioned off included a Michael Schumacher-signed helmet and model car, and race-worn overalls from F1 driver Giancarlo Fisichella.

Via worldcarfans