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List Auto has previously reported on rumors that Bugatti was taking the 16C Galibier to production. But it seems Bugatti is still not yet ready to make the official announcement on that one.

This is going to be one serious, "torpedo-like" sedan. The 16C Galibier Concept is a four-door saloon - or sedan, or four-door coupe, depending on which nomenclature one prefers for such models. Given that the Galibier will cost somewhere around £900,000 or €984,900 (US$1.4 million), it probably calls for a new name all for itself.

The Galibier will feature Bugatti's 8.0 liter 16-cylinder engine also employed in the Veyron, although the power output is said to be dialed down from the Veyron's 747kW (1001hp) and 1250Nm of torque. Down to what Bugatti still doesn't say in this press release.

What they do mention is how the Galibier is fitted with a tourbilliion clock from Swiss watchmaker Parmigiani that can be removed from the dash and worn as a wristwatch due to a specially designed strap.

Source: Bugatti

A one-off Ferrari has been auctioned off for €1.2 million, including taxes. The Ferrari 599 China was snapped up by an anonymous, silent auction participant based in Shanghai.

Chinese artist Lu Hao designed the 599 with pottery patterns from the Song Dynasty before it was shown off at the automakers' fundraising dinner at the Red Gate Gallery in Beijing. The automaer has distributed a 2:23 video detailing the entire process. The video is insightful, but uses somewhat overly dramatic music for a relatively lighthearted affair.

Proceeds from the sale provide funding for Tsighua University auto engineering students and teachers to study at the Politecnico di Milano university in Italy. Scholarship winners will also get the opportunity to intern at Ferrari.

Other items auctioned off included a Michael Schumacher-signed helmet and model car, and race-worn overalls from F1 driver Giancarlo Fisichella.