01 October,2012 12:45 PM IST | | ANI
Catarina Migliorini, 20, is set to donate the money - currently standing at 160,000 dollars - into a NGO that will construct modern houses in her southern home state of Santa Catarina, the New York Daily News reported.
The physical education student has rejected the claims that she is a prostitute. She said that she still believed in love, but in this initiative she saw the opportunity to make a positive difference to the world.
Migliorini has also sparked a controversy, as an Australian film crew will be following her every step to make a documentary film called "Virgins Wanted."
"I saw this as a business. I have the opportunity to travel, to be part of a movie and get a bonus with it," Brazilian daily Folha quoted her, as saying.
"If you only do it once in your life then you are not a prostitute, just like if you take one amazing photograph it does not automatically make you a phototgrapher.
"The auction is just business, I'm a romantic girl at heart and believe in love. But this will make a big difference to my area," she said.
Migliorini jumped on the project two years ago when she saw an advertisement by Thomas Williams Productions looking for a virgin to film.
Director Justin Sisely will be recording her emotions before and after her first sexual encounter.
A male virgin called Alexander is also being followed similarly.
She will receive 20,000 dollars and 90 percent of the final auction price, which ends on October 15.
The winner is going to be tested for sexually transmitted diseases prior to the encounter that will take place on an airplane flying between Australia and the United States, in a bid to circumvent prostitution laws.
Sex toys will be banned, and a condom will be compulsory, with Migliorini saying that she was prepared to prove that she is a virgin.
