It appears as though the Lexus LFA is finally getting the recognition it deserves among collectors with a pristine Nurburgring Edition model recently selling for $1.6 million at auction.

In the lead-up to the RM Sotheby’s auction during Monterey Car Week, the auction house predicted the car would sell for a maximum of $1.1 million. Evidently, that estimate was well short of the mark as at least one collector was very keen to buy the car, no matter the cost.

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To put the $1.6 million price tag into perspective, a standard 2012 Lexus LFA sold at the same auction for $819,000. In addition, a 2008 Bugatti Veyron 16.4 that had been driven just 250 miles (~400km) from new was scooped up for $1.54 million, less than the LFA Nurburgring Edition despite it being one of the greatest performance cars in history.

How Much Did It Cost New?

When it was launched back in 2011, the standard LFA was priced at $375,000, with the Nurburgring Edition carrying an MSRP of $445,000 in white, orange, or black, and $465,000 for the matte black version.

Lexus only ever built 500 examples of the LFA and of these, just 64 were Nurburgring variants with 25 of them coming to the United States. The example sold during Monterey Car Week was number 303 and one of just three in the U.S. painted black. Adding to its desirability is the fact that it had been driven less than 930 miles (~1,500 km) at the time of the auction.

Like the run-of-the-mill LFA, the Nurburgring Edition model is powered by a 4.8-liter naturally-aspirated V10 that revs to 9,000 rpm and delivers 562 hp, 10 hp more than the base model. Other changes made to the Nurburgring Edition include a carbon fiber front splitter, carbon fiber rear wing, carbon side skirts, and unique BBS magnesium wheels.