Watch: A controversial flop from Porsche in an auction



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  • A controversial "Porsche" Type 64 from 1939, which, according to the builder, is technically not a Porsche, has failed to auction RM Sotheby's cars at auction in Monterey Saturday night.
  • During the auction, the film operator and some members of the public heard that the auction had started at $ 30 million, while the auctioneer was actually saying $ 13 million.
  • The car was not finally sold after not respecting the reserve price, and the whole experience was filmed by several participants.
  • Visit the Business Insider home page for more stories.

A "Porsche" with controversial antecedents was expected to earn more than $ 20 million on Saturday at the auction of RM Sotheby's car in Monterey, but did not sell at all.

The 1939 Type 64 is considered by some to be the "world's first Porsche". However, the automaker claims that the car with Nazi ties is earlier than the company and a representative of the automaker's museum told Business Insider that "there could be better actions than putting it to the auction".

A video showed that the auction began with scattered cheers and that car enthusiasts were preparing their mobile phone cameras to take a picture while the car was being deployed.

The auctioneer started bidding for $ 13 million, but the big screen showing the bids showed a $ 30 million bid.

As bidding continued, the figure on the screen was $ 40 million and $ 50 million, while the auctioneer was actually saying "$ 14 million" and "$ 15 million". dollars. "

Read more: A rare vintage car that some call "the world's first Porsche" could win $ 20 million at auction – but the automaker wants it not to be sold at all.

The crowd reacted with a mixture of cheers and laughter while the error "forty instead of sixteen" continued.

While the auction reached $ 17 million, the auctioneer realized the mistake.

"He's saying 70, guys – he's 17," said the auctioneer, adding, "It could be my pronunciation, we're at $ 17 million." The offer is at 17 ".

The excitement faded when the auction's mistakes were unveiled.

The figure on the screen dropped from $ 70 million to $ 17 million, accompanied by a lot of scandals and shouting. Participants also left the room, reported Bloomberg.

"By the time auctions were opening on Type 64, increments were being displayed on the screen, creating unfortunate confusion in the room," said a RM Sotheby's representative to Business Insider in an email. "We are proud to lead our world-clbad auctions with integrity, and we take our responsibility to our customers very seriously." This was by no means a deliberate intention on the part of anyone at RM Sotheby & # 39; s, but a regrettable misunderstanding amplified by the excitement in the room. "

A $ 70 million sale of the Type 64 would have broken the record of last year for the most expensive car ever sold at auction, a Ferrari 250 GTO from 1962 to $ 48.4 million. But that has never been the real offer for the car.

"This is the biggest mistake of modern history", can we surprise one of the people present at the auction in the video. "We saw it right here, in fact, we saw it."

The Type 64 auction ended a few minutes later after people stopped bidding on the car, which was still below the reserve price.

"The car has reached a high bid of $ 17 million but has not met any reserve," said RM Sotheby's statement. "We will continue to make every effort to sell the car."

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