Porsche Type 64 Leaves Auction Unsold After “That’s $17 Million Not $70 Million” Bidding Blunder

The Porsche Type 64 has failed to sell at auction during Monterey Car Week in what was a truly bizarre auction.

In the lead-up to the sale, the Porsche Type 64 was expected to sell for approximately $20 million but out of nowhere, the event’s emcee announced that bidding would start at $30 million. This monumental figure was published on the media screen at the auction and before long, prices soared to $70 million. Understandably, attendees in the room were left shocked and started to take out their smartphones to film what seemed to be the most expensive car ever sold at a public auction. It wasn’t to be.

Mere seconds after bidding allegedly hit $70 million, the auctioneer claimed that he had meant to say a starting bid of “$13 million” and “$17 million” as opposed to $70 million. Those in attendance started to boo and many left, Bloomberg reports.

Also Watch: Chris Harris Drives The Oldest Porsche In The World, The Spectacular Type 64

Some claim it was a prank gone wrong on the part of RM Sotheby’s to steer headlines away from the fact that dozens of cars featured at auctions during this year’s Monterey Car Week failed to sell in what has been described as an auction “bloodbath.” Speaking to Bloomberg, an RM Sotheby’s spokeswoman said it was a mistake.

“As bidding opened on the Type 64, increments were mistakenly overheard and displayed on the screen, causing unfortunate confusion in the room. The car reached a high bid of $17 million.”

The Porsche Type 64 was shrouded in controversy even before the auction. It was built by Ferdinand Porsche and features a ‘Porsche’ badge and according to some, is the very first car from the German car manufacturer. However, many others, including the man who inspected the car for RM Sotheby’s before the auction, said it isn’t technically a Porsche as most of its parts come from Volkswagen, Fiat, and other niche suppliers.

 

more photos...
  • IT LOOK LIKE IT’S FROM ONE OF THE CARS MOVIES.

  • Loquacious Borborygmus

    most of its parts come from Volkswagen, Fiat, and other niche suppliers.
    Haha! I bet VW and Fiat love being called niche.
    What would you say is mainstream?

  • iddqd

    auctioneer is dutch and head of RM btw…he’s been quite inaudible for ages now and this time it got back at him.

  • SnakePlant

    Maybe take the clue RM and don’t hold an auction there next year.

  • kachuks

    How sad for this genuine automotive artifact.

  • Knarck

    That ancient antique glow of those headlights ! Im just glad the current owner didnt install an LED or HID headlight kit

    • ace_9

      Such a strange comment… Such a car in the original condition and you are glad that it does not have LED headlights???? Even if some modernization would be considered (which obviously is out of the question), don’t you think there is far more to do than just slapping some LED lights on it? What kind of person would leave the car in that state, but put LED lights on it? Is that where you would start with a modernization? I can’t understand this kind of thinking… What are you even doing here? You seem like the type of person describing the cars only by their colour and size at best.

      • Knarck

        I see many antique cars around here driving with LED headlights on their Ford Model A, it helps them enjoy their car at night. We have people driving burnt Modulos around Monaco, im sure there are people who go on all out on midnight top speed runs in the earliest Porsche.

  • Paulbe

    Arguing over whether its a true Porsche or not seems silly and pointless. The car’s history is what it is regardless.

  • SD38439

    Have you lived under a rock your entire life?

  • SD38439

    Why does Porsche not own this?

Watch A Pair Of Porsche 918 Spyders Give Much More Powerful Rivals A Good Lesson

Thanks to its hybrid powertrain and all-wheel drive, the 918 Spyder can hit 62 mph (100 km/h) in less than 2.5 seconds, scaring some serious machinery.

What Would You Call The BMW Concept 4’s Grille? Coffins? Waffle Iron? Beaver Teeth? Have Your Say

The grille of the BMW Concept 4 has caused a huge amount of controversy about its design – and for very good reason.

Tuned Mercedes-AMG GT 63 S With 818 HP Is Simply WOW!

Posaidon is also offering an 868 hp upgrade for all modern AMGs powered by its twin-turbo, 4.0-liter V8.

Moving House? The C7 Corvette Can Double As A Couch Transporter

Using a ‘Vette to move a large piece of furniture? Apparently, it can be done, though we would pick a vehicle more suited to the task.

Untitled And Unregistered Honda S2000 Could Be Yours For A Little Under $100,000

The same car sold for $70,000 earlier this year.

Tesla’s Nurburgring Attempt Could Be In Vain As Porsche Set The Lap Record With The Standard Taycan Turbo

Porsche didn’t use the more powerful Taycan Turbo S, so they could potentially beat Tesla in the end.

McLaren Thinks SUVs Aren’t Cool, Electrification Is – But Tech’s Still Not Up To Par

Even though tan SUV would boost its annual production from 6k units to 15k, Woking is convinced it’s not right for them.

Bentley Bentayga Stetson Edition Is An Ultra-Luxury Crossover For Cowboys

The special edition is available exclusively at a Texas dealership and features unique styling inside and out.

VW ID.4 Crossover To Be Unveiled In February

The model will be the production version of the ID Crozz concepts.

BMW’s Fall Updates Include A New Mild-Hybrid System For The 5-Series

Other updates include a carbon fiber roof for the 8-Series Gran Coupe and an M Performance package for the M135i xDrive.