For the first time Ferrari is dedicating one of the company's cars to an online auction with Chairman Montezemolo offering his personal 599 GTB Fiorano to sponsor young researchers working on projects dedicated to technological innovation.

For the first time Ferrari is dedicating one of the company's cars to an online auction. For the occasion a very special model has been chosen for an equally important cause: Chairman Luca di Montezemolo is offering his personal 599 GTB Fiorano to sponsor young researchers working on projects dedicated to technological innovation.

Ferrari has always promoted scientific research and has been helping young researchers with their work. Therefore the company is embracing the web's opportunity to involve all its clients into this charity auction.

"This is an important day because its the first time in our history that we're organised an aution online, on the internet for a Ferrari," says Ferrari Chairman Luca di Montezemolo in a video presentation. "This is a special one, first of all its my own, secondly it is a fantastic car, a 599, is 12 cylinder, very innovative. I want to give this to support some young boy that they will work in the university for innovation, research-innovation in technology, so whatever we get for this car it will be to support a young student for innovative technical research," he continues, adding that: "I will sign for you the car as a unique piece."

The Ferrari Chairman's 599 GTB Fiorano has a total of 5,776 km on the clock and is fitted with the model's F1 gearbox. On the exterior it is finished in red (Rosso Monza) and features a carbon – ceramic brake system with aluminium calipers, as well as 20-inch monolithic wheel rims and Run Flat Bridgestone tyres. Inside there is a charcoal leather interior trim, including head liner, rear bench and steering wheel, with dark grey carpeting and stitching. There are carbon-fibre trim detailing pieces in the driver's area and in its lower sections (door panels) as well as a steering-wheel with carbon elements incorporated and five LEDs to display the engine rpm. Cabin equipment includes a Cascade Sat-Nav and I-Pod.

The powerful 5,999cc V12-engined 2-door sports car will come with a certificate of authenticity personally engraved with Chairman Luca di Montezemolo's signature, which will be presented to the winner of the 599 GTB Fiorano's auction on the occasion of the handover to the new owner in Maranello. With 12 days remaining until the auction ends, the bidding currently stands at 185,000 euros.