Although not scheduled to make its first official appearance until next week at the Paris auto show, the first “baby” Ferrari California was sold at an auction recently for nearly double its projected retail value. Hosted by California Governantor Arnold Schwarzenegger, the auction was held to benefit the After School All Stars program, an initiative which dispenses funds to underprivileged school children. Held in both Maranello, Italy and Santa Monica, California, the charity event successfully hauled in a significant chunk of change for California’s disenfranchised demographic, ultimately awarding the coveted pre-production baby Ferrari to the highest bidder for an estimated $520,000. Since it’s for a good cause, I’ll refrain from making any of the usual remarks about the obviously insignificant size of the buyer’s genitals.[News Source: RpmGo]