£42k for Fiat 500

17 October 2007

A Fiat 500 illustrated by artist Tracey Emin has been auctioned for £42,000.

The car is the first of four 500s specially designed by Emin, and was sold for $83,000 (£42,000) during an auction in London last weekend.

Proceeds of the sale will go to PEAS charity, which is raising funds to build a school library in Uganda.

Another of Emin's 500s will go before auction this year, with the remaining two being sold next year.

The Fiat 500 range goes on salein the UK in January, with prices expected to start from £11,000.

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