The $20 Million Porsche?

'It is tiny, and with a body made from thin sheets of hand-formed, aircraft-grade aluminum, it exudes fragility. It doesn't make up for its lack of robustness with any significant power. The car's modified, air-cooled Volkswagen four-cylinder engine is estimated to make 40 horsepower, and its top speed is around 90 miles an hour.'

‘the auction house expects the car to sell for at least $20 million.’

https://rmsothebys.com/en/auctions/mo19/monterey/lots/r0031-1939-porsche-type-64/776606

Get out your checkbooks and auction paddles.

Let’s buy it and do an engine swap :wink:

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who wants to donate $19,999,950 to me so I can buy this???

All early Porsche’s were made from hand formed aluminum. That changed in 1951 when they started building in Stuttgart. Their 550, 550A and 718 model street legal race cars were all made from hand formed aluminum.

This Type 64 is only one of 3 ever built. The only one to survive. A working copy was made in black and Porsche itself made a duplicate body that is on display at their museum.

I know who I want to buy it… but I’d guess they may be bidding against a Porsche family member or the company itself.

How do those front wheels work? Do the fender skirts turn with them? Can’t tell from the pic how that functions.

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I wondered about that also.

At least in this Video the skirts stay in place, on the road starting at 7:30

No, they are fixed. The body is pretty far out from the wheel to allow this. With the short wheelbase, it doesn’t have to turn super far to turn in a tight circle.

  1. Yrs ago you could have got it for $10k.

Personally, I think it’s ugly and almost useless. Pause for the gasps of disbelief to subside…and I wasn’t just struck by a bolt of lightning either… :slight_smile: I never really understood the desire to own something because it was the “first one they built”. Thank goodness they kept working on them because if they looked like that, they wouldn’t have sold many or been in business long… $20M, you’re nuts or $20M to you is the same as $20 to me… :stuck_out_tongue:

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Some confusion during the bidding but from reports the bid went up to 17 million and didn’t meet reserve. Whoever put the bid on the screen heard seventy instead of seventeen million.

RM’s statement

We have been honored to present a car that holds such significance to automotive history as the 1939 Porsche Type 64. It has been an incredible journey in the lead up to Monterey as we were given the opportunity to share the genesis of one of the hobby’s most legendary brands with the world and work with renowned enthusiasts in the Porsche community. It is difficult to put a price on such a unique and historically significant artefact, and despite interest from discerning collectors, we were unable to reach common ground between seller and buyer on the night.

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.

Major screw-up by RM on the sale. Bidders didn’t know if this was real or a ruse. An auction house lives or dies by their reputation. This would have been bad for a $100,000 car. It is a disaster for a $20 Million car.

If you take a broad view of the offering… If you owned a Porsche collection (Collier, Leno, Seinfeld, Porsche) this car would fill in the gaps in the story of Dr. Porsche’s work at Mercedes to Auto Union to the VW Beetle to Cisitalia to Porsche AG. The car is significant for that reason.

There is only one left and many collections. That rarity compared to demand is what sets the price.

From a recent “spikes car radio” several big Porsche collectors were offered the car privately and turned down the more than 20 milliondollar asking price. No mention of what the reserve was on the auction.

Exactly. If you gave it to me I’d get rid of it.
AMC’s Gremlin was better looking.

You guys didn’t mention the best part . . . in my opinion

Porsche AG claims the car that failed to meet the reserve price . . . wasn’t technically a Porsche

Apparently Ferry Porsche applied the Porsche nameplate several years after the car was built

And Porsche AG didn’t even exist in 1939

I suppose we can agree that the type 64 is “built by Porsche” . . . Ferry Porsche, that is, not a company called Porsche

It’s nitpicking, but still . . .

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