The Aston Martin One-77 is close to becoming a reality. We were able to see a full scale design model as well as a full chassis skeleton in Geneva. Now Aston has shown off a full working model last weekend at Concorso d’Eleganza in Italy. Aston was reward for all it's hard work; it took home the Design Award for Concept Cars and Prototypes.

The One-77 is powered by Aston's 6.0-liter V12 engine that delivers 700 hp in this application. It will make the 0 to 60 mph sprint in 3.5 seconds and will hit a top speed of 200 mph. It will be limited to only 77 units priced at £1 million each (about $1.47 at current rates.)

Press release after the jump.

Press release

At its world debut this weekend, the Aston Martin One-77 has won the Concorso d’Eleganza Design Award for Concept Cars and Prototypes on the shores of Lake Como, Italy.

Following the Geneva Auto Salon in March, where the technical illustration was first shown, the rolling chassis has since been completed by hand into the first car presented at Villa d’Este this weekend.

At its first public unveiling in the perfect setting of the Grand Hotel Villa d’Este, the first complete One-77 was on show. Visiting public were invited to cast their vote for the best concept and prototype. Among eight entries from around the world, the Aston Martin One-77 was voted the best in class, eclipsing the competition with more than 30% of the total votes.

Admiring crowds viewed One-77 in its entirety for the first time. The car was showcased complete with running powertrain and the never seen before, fully hand-crafted interior.

Aston Martin Chief Executive, Dr Ulrich Bez said: “Embodying everything Aston Martin stands for; the One-77 has proven itself as the most desirable automotive art form at its premiere today.

“We have achieved a new level of design and craftsmanship which has been clearly recognised by the public here in the homeland of design at Villa d’Este.”

Aston Martin Design Director, Marek Reichman said: “To win this award at its first showing is a testament to the Aston Martin team and the original concept. Winning here today has proven One-77 as a benchmark in automotive design.”