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The oldest "Porsche" does not sell after the bizarre mistake of $ 70 million



It was a mistake of $ 70 million. A car that is considered by some to be the first "Porsche" could not be sold on the Saturday after bidding in Monterey, California, at the RM Sotheby & # 39; s auction.

The elegant Type 64 was built by Ferdinand Porsche and his son. Ferry, between 1939 and 1940, years before its namesake company was registered in 1946. It was intended for a race that was planned between Berlin and Rome, but was canceled by the outbreak of World War II.

The car was damaged and rebuilt by Porsche years later, then bought in 1949 by a racer who competed for years with it. It was last sold in 1997 to an Austrian Porsche collector who offered it in Monterey. Experts expected that the car will be sold for around $ 20 million, but YouTube videos, which were filmed during the event, seem to show the Dutch auctioneer at the opening of the bid at $ 30 million, the crowd was excited ,

The number was displayed on the screen, followed by bids of $ 40 million, $ 50 million, $ 60 million, and $ 70 million. At least that's what it sounded like.

"It's seventy, folks, it's seventeen," he said, collecting a round of mockery and causing several people to leave.

"My pronunciation" he added.

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Despite his efforts to keep the ball going, the bidding remained at $ 17 million, which was below the car's unnamed reserve.

With an authentic bid of $ 70 million, the car would have been the most expensive ever to be sold at auction, and possibly hit the record price of a Ferrari 250 GTO in a private transaction last year.

The auction house later issued a confirmation from the mistake, adding that it was unintentional and no prank, according to Jalopnik.

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