Pink Audi A1 fetches over $500,000 at Elton John’s auction

Audi A1 - by Damien Hirst

The Audi A1 is pretty cool hatch that we’d love to have hear in the United States as an affordable entry-level luxury compact. However, some people think its worth a lot more than just that… even if it’s colored in pink.

An Audi A1 put together by British artist Damien Hirst was sold at Elton John’s White Tie & Tiara Ball last week, fetching a staggering ¬£350,000 ($528,142 USD) during the auction.

The proceeds from the auction will support his largest annual fundraiser for his AIDS Foundation.

Click here for more news on the Audi A1.

Refresher: The 2011 Audi A1 will go on sale in Europe later this year with prices starting around 16,000 euros ($22,062 USD). Power will come from a lineup of 4-cylinder engines, which consists of two TDI diesels and two TFSI gasoline units with output ranging from 84-hp to 122-hp. Mated to a 7-speed S tronic transmission, fuel-economy will range from 44 mpg and 62 mpg.

2011 Audi A1:

– By: Omar Rana