🔥 GIVEAWAY: be quiet! Pure Base 500 FX, Pure Loop 2 FX, and merch! 🔥

Rare precursor 1939 Porche Type 64 auctioned falsely for $70 million

Possibly the most important car in the Porsche's legacy was auctioned falsely for $70 million, causing mass confusion.

Published Aug 19, 2019 8:11 AM CDT   |   Updated Tue, Nov 3 2020 11:47 AM CST

What many consider as the car that molded Porsche into what we see today was accidentally auctioned falsely for $70 million, a settlement was later solidified at $17 million.

At the Monterey Car Week in California, bidding started for a super 1939 Porsche Type 64, a car that according to Wikipedia is "considered by many to be the first automobile from what was to become the Porsche company, and a true design precursor to the post-war production model". Looking at the above video we can see that the bidding began at $13 million and then jumped to $30 million, which is where the mistake first began.

When the figure jumped to $30 million the crowd was verbally shocked, it then increased to $40 million, then to $50 million, $60 million and finally settling at $70 million. The announcer then said that he figures were incorrectly projected and that the correct figure is $17 million, the projected numbers then quickly reverted back to the correct figure.

Rare precursor 1939 Porche Type 64 auctioned falsely for  million 01 | TweakTown.com
Rare precursor 1939 Porche Type 64 auctioned falsely for $70 million 02 | TweakTown.com
Rare precursor 1939 Porche Type 64 auctioned falsely for $70 million 03 | TweakTown.com

RM Sotheby's still lists the car on their website even though the car was supposedly auctioned off for $17 million. They also gave a statement saying that "As bidding opened on the Type 64, increments were mistakenly overheard and displayed on the screen, causing unfortunate confusion in the room. This was in no way a joke or prank on behalf of anyone at RM Sotheby's, rather an unfortunate misunderstanding amplified by excitement in the room. The auction was not canceled. The car reached a high bid of $17 million."

Buy at Amazon

Porsche Black Crest Logo Cap, Official Licensed (WAP0800050C)

TodayYesterday7 days ago30 days ago
* Prices last scanned on 8/7/2022 at 8:45 pm CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:mashable.com

Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science and space news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles