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One Night For One Drop's Las Vegas event auctioning off Laffite LM1 hypercar

LAFFITE AUTOMOBILI LM1
LAFFITE AUTOMOBILI LM1
LAFFITE AUTOMOBILI
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LAS VEGAS (KTNV) — A luxury hypercar is hitting the auction block for the first time in Las Vegas and it's to raise money for charity.

Laffite Automobili, a new brand based out of Turin, Italy, is donating a LAFFITE LM1 to the One Night for One Drop event, which is held annually. The vehicle is headlining the live auction.

According to the company, the vehicle is the first "Le Mans-type" hypercar of the modern era to be produced for road use. They add the vehicle being bid on will be one of the first 24 produced from their production plant in Turin, which will start leaving the plant in April 2024.

Laffite officials said the LM1 weighs less than 2,800 pounds, can reach speeds around 215 miles per hour, and has a 1,000-horsepower V8 hybrid engine.

"We are incredibly honored and proud to partner with such an influential organization as the One Drop Foundation, which is committed to changing the world," said Bruno Laffite and Pascal Cohen, co-founders of Laffite Automobili. "We are delighted to offer this unique car, the LM1, to help raise as much money as possible to give access to clean water to those in need."

According to event officials, the hypercar sold for $2.6 million.

The One Drop Foundation was created by Cirque du Soleil co-founder and Lune Rouge founder Guy Laliberté and raises money to ensure sustainable access to safe water, sanitation, and hygiene for communities around the world. Since the organization was founded in 2013, One Night for One Drop has raised more than $40 million.