A bulbous race car from the 1930s was expected to be the most expensive car with the Porsche name ever sold at auction. But the sale was marred by a confusing mix-up on the auction stage.
Los Angeles
Technically speaking, the Type 64 isn't really a Porsche because the company didn't yet exist when Ferdinand Porsche created the car in Nazi Germany. But its role as the ancestor of today's Porsche sports cars is clear, and it was expected to sell Saturday for as much as $20 million. But the California auction, with bidding that went as high as $17 million, ended with the car remaining unsold.
It was an honest mistake, RM Sotheby's said in a statement, and it wasn't staged."We take pride in conducting our world-class auctions with integrity and we take our responsibility to our clients very seriously. This was in no way a joke or stunt on behalf of anyone at RM Sotheby's, rather an unfortunate misunderstanding amplified by excitement in the room.
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