Part of complete coverage on
World's most expensive F1 helmet sold by... Sebastian Vettel
December 11, 2013 -- Updated 1652 GMT (0052 HKT)
Sebastian Vettel regularly changes his helmet and his gold one worn in Germany (pictured) has sold for a record price
- Sebastian Vettel's Formula One helmet reaches record price at London auction
- The glittering, gold helmet sells for $118,000
- All the money raised goes to the Wings for Life charity
- Vettel wore the helmet on his way to victory at the 2013 German Grand Prix
(CNN) -- Sebastian Vettel broke another Formula One world record Tuesday and he didn't even have to climb into a car to do it.
A race helmet worn by the four-time world champion has set a new world record price at a charity auction in London.
An intense bidding war surrounded the helmet, which featured a glittering gold design, at Bonhams auctioneers.
The successful bidder eventually paid $118,000 for the helmet which was worn by Vettel on his way to victory in this year's German Grand Prix.
Mentoring Vettel and Schumacher
Sebastian Vettel's hometown pride
The figure topped the previous world record price of $116,189 paid for a helmet which belonged to Brazil's late three-time champion Ayrton Senna.
The funds raised by Vettel's helmet will go directly to the Wings for Life charity set up by Red Bull Racing owner Dietrich Mateschitz. The charity focuses on research into spinal cord injuries.
"This is one of my favorite helmet designs from this season and it goes without saying that this was one of the most special races for me -- my first ever home win," Vettel told Red Bull's official website.
"Just as the race meant a lot to me, Wings for Life does too and it's my pleasure to donate this signed and worn helmet."
A pair of helmets worn by retired Red Bull racer Mark Webber in his final season in F1 also added to the charity's prize pot.
Meanwhile, the Australian racer got his first taste of his new drive this week as he tested the Porsche LMP1 racer he will race in the 2014 World Endurance Championship for sports cars.
Read: F1 doubles up points for season finale
Read: Karting mentor behind F1's superstars
Part of complete coverage on
Track the buzz of the 2014 Formula One season, race by race, with all the latest social reaction from motorsport experts.
May 23, 2014 -- Updated 2310 GMT (0710 HKT)
It stimulates all five senses, creating an unparalleled experience for drivers and fans alike. Take a tour of Monaco with Mark Webber.
May 22, 2014 -- Updated 1233 GMT (2033 HKT)
To be a champion you must win a title -- but to become an F1 legend you must win races at Monaco, the calendar's most testing circuit.
May 21, 2014 -- Updated 1459 GMT (2259 HKT)
Caterham F1 reserve driver Alexander Rossi takes you on a tour of the Monaco racing circuit.
May 5, 2014 -- Updated 1238 GMT (2038 HKT)
The Formula One driver transcended his sport and even 20 years after his death, Ayrton Senna commands the adoration of fans worldwide.
May 1, 2014 -- Updated 1500 GMT (2300 HKT)
F1's greatest racer was killed during the San Marino Grand Prix on May 1 1994. The sport hasn't been the same since.
April 30, 2014 -- Updated 1516 GMT (2316 HKT)
Just four F1 drivers turned up to Roland Ratzenberger's funeral after his death during qualifying for the San Marino Grand Prix on April 30 1994.
April 25, 2014 -- Updated 1156 GMT (1956 HKT)
For a championship with a distinctly Iberian streak, it is no surprise that South America should be high on MotoGP's list of territories to conquer.
April 18, 2014 -- Updated 1113 GMT (1913 HKT)
Too weak. Can't handle the pressure. Susie Wolff has heard it all -- but she is determined to become the first female F1 driver in 20 years.
CNN's Amanda Davies visits the headquarters of Mercedes, the dominant team in Formula One this season.
March 15, 2014 -- Updated 0108 GMT (0908 HKT)
The big winners of this Formula One season could be road drivers rather than F1 racers, according to one former world champion.
March 13, 2014 -- Updated 1916 GMT (0316 HKT)
Mercedes driver Lewis Hamilton sums up the dawn of a new Formula One era in three juicy words -- weird, mind-blowing and challenging.
Today's five most popular stories