click above image to view more high-res pics of the Drophead Coupe from RR

Giving to charity is a good thing, no doubt, but what better incentive is there for budding philanthropists than dangling the keys to a brand new Rolls-Royce Phantom Drophead Coupe in front of their compassionate eyes? One guy took the bait and dropped £800,000, or a little over $1.6 million, at the 9th Annual White Tie and Tiara Ball's charity auction for a new Drophead Coupe. His cash will go to the Elton John AIDS Foundation, while the Drophead Coupe will arrive in exchange later this summer. A new RR Phantom Drophead Coupe costs "only" £260,000, but in comparison to what the undisclosed auction winner paid, that's beginning to sound like a bargain.

[Source: Newspress]

Related Gallery2008 Rolls-Royce Phantom Drophead Coupe

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Rolls-Royce bought at auction for £800,000

A Rolls-Royce Phantom Drophead Coupé has been bought at a charity auction for £800,000. The successful bid was made at the 9th Annual White Tie and Tiara Ball held to raise money for the Elton John AIDS Foundation. Overall the event raised in excess of £6 million, with £3.1 million raised at the auction alone.

The Rolls-Royce was bought by a private buyer who will take delivery of his new car later in the summer. The event took place at the private residence of Sir Elton John and David Furnish.

Rolls-Royce unveiled the new Drophead Coupé in January this year. The two-door, four-seat convertible is hand made at the company's manufacturing plant at Goodwood, and combines the latest aluminium technology and engineering with the very best in hand craftsmanship. The result is a car that many have already hailed as the ultimate in convertible motoring. Rolls-Royce has now begun full production of the new car.

Rolls-Royce Motor Cars Chairman and CEO, Ian Robertson, said, "We were delighted that the Phantom Drophead Coupe raised such a significant amount on the night and that Rolls-Royce Motor Cars had the opportunity to support The Elton John AIDS Foundation in their continued fight against this global epidemic."