A US-based teenager has sold her virginity to an Abu Dhabi businessman for €2.5 million (NZ$4m).
Metro.uk reports Giselle, 19, offered up her virginity on the high-class escorts website Cinderella Escorts as a "form of emancipation".
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The businessman's offer of €2.5 million beat offers from an unnamed Hollywood actor and Russian politician.
According to the Daily Mail, the money will be spent on Giselle's college tuition fees, travelling and to pay for a house.
A German hotel has been booked for the event, Giselle can cancel at any time and she will be accompanied by security from Cinderella Escorts.
Cinderella Escorts offers up services selling access to "verified virgins".
"On our website, you will find a video where girls from all over the world talk about the reasons to sell their virginity," the company said in a statement.
Giselle says the idea to sell her virginity was her own and she wants to break the taboo around women's virginity.
"I think the trend to sell your virginity is a form of emancipation and I am shocked about people who are against allowing a woman to sell HER virginity," she said, in an online statement.
"If I want to spend my first time with someone who is not my first love, that's my decision."