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Fiat 500 - $400,000! - Web Exclusive

ARK (Absolute Return for Kids) Charity Auction

Jun 1, 2008
Eurp_0806_01xx_z+fiat_500+side_view Photo 1/1   |   Fiat 500 - $400,000! - Web Exclusive

It has to be the most expensive Fiat 500 in the world - and at $400,000, it turned out to be one of the star lots at an amazing fund-raising charity auction in London last week.

Generous donors from the ARK (Absolute Return for Kids) charity raised an incredible $50 million for children at a gala reception in the Royal Naval College, London on June 5 with an auction that included the iconic Fiat.

It wasn't just any 500 though. This was one of four specially designed and painted examples that took the art world by storm last year, designed and painted by acclaimed English artist Tracey Emin.

The work, entitled `Dark, Dark, Dark'. "The $400,000 it raised is not only an amazing amount of money for a car, but it was a significant sum towards the total we raised for charity. We are absolutely delighted," said Charlotte Locks-Moro, the charity's event executive.

More than 1200 guests attended the auction, including former Prime Minister Tony Blair, actress Uma Thurman and model Liz Hurley.

ARK is a charity organisation made up of financial institutions, including City hedge funds, and personal donors. It raises millions of pounds every year for good causes in areas such as tackling HIV in Africa, children in care in Eastern Europe, and inner city education in the UK.

The first of the Tracey Emin-designed cars, called `I Told You Not To' went under the hammer for $85,000 last October during the Contemporary Art Auction in London.

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