The medical student, who went by the name of Elizabeth Raine, originally hoped to make at least £250,000 from a wealthy suitor but warned that "love is not part of the arrangement".
The aspiring physician wrote on her website: “In case you have not yet heard what precisely this is about, I am a sensually stunning, highly educated and charismatic American woman who has placed a 12-hour date with me atop the auction block.
"And did I mention I’m a virgin? Yes, that’s right; I have made the bold (but not thoughtless) decision to auction off my virginity. I hope you are intrigued!”
The 27-year-old added that she wanted to make "the sharp transition from virgin to literal whore" in a global online auction, which began on 1st April.
Since then, the numbers have climbed steadily as bidders competed for the opportunity to spend a 12-hour date with Elizabeth - and claim her virginity.
Bidding officially closed at 8pm last night, with a winning bid of $801,000.