Pink Audi A1 Art Car by Hirst Fetches Over Half a Million Dollars

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The special auction item of Elton John's White Tie & Tiara Ball on Thursday night (June 24), a brand-new Audi A1 art car painted by Britain's Damien Hirst, surpassed all expectations by fetching a whopping £350,000 or about US$522,500 / €425,000.

All proceeds from the auction will benefit The Elton John AIDS Foundation, which is said to be one of the 10 largest AIDS grant making organizations in the world, managing over £14 million in programmes across 15 countries.