The aspiring singer, who said she realised the 'right man' she'd been waiting for might never come along, told FEMAIL of abstaining from sex: 'It's like the casino - you have to know when to stop.
'I could go on for years telling myself that I only have to wait another year to meet the right guy.'
And Mandy, who has said she intends to use the proceeds of the auction to boost her career and help her family - leaving some over for charity - said she thought her age drove up the bidding on her virginity.
'Every woman can only lose her virginity once,' said Mandy, who will meet the successful bidder to complete the transaction next month.
'But if she has kept them for a very long time, it makes the pleasure all the more valuable.'
Speaking exclusively to FEMAIL Mandy said: 'I never met the right guy. I focused on my career. It just didn't work out sometimes.'
The flight attendant says she still hopes to meet her dream man after the sale.
'I didn't give up hope of meeting the right guy someday,' she said.
'But if he loves me, he'll accept me without me being a virgin any longer.'
The second highest bid for Mandy's virginity came from a lawyer at €240,000 and the third was from a football Player from Munich at €200,000.
Mandy said she had grown sick of wondering when she might finally have sex for the first time.
'It's like the casino,' she said.
'You have to know when to stop. I could go on for years telling myself that I only have to wait another year until I meet the right guy.
'The years would go by and I'd only lose time. I think I'm doing the right thing.'
Asked what her parents make of her decision Mandy told FEMAIL: 'If my parents still do not recognise me as an adult woman at 36 and respect my decisions, then this would be very disappointing.
'My friends actually envy me. They regret losing their first time to a guy who left them instead of getting so much money for it.'
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