Codes and Numbers
Please check out Hexadecimal Chart to see what codes are available to name.
The hexadecimal code that matches this color is E34234
Justification
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This color was named for an expensive pigment used in paint but not often because of it's expense.
This color is a shade of Red
The color E34234 Vermilion is named after a Paint Dye
Confirmation by Picture
References
http://en.wikipedia.org/wiki/List_of_colors