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The only car Porsche Type 64 Berlin-Rome, number 3, kept in 1939, was the personal car of Ferdinand and Ferry Porsche. The car was offered for sale by RM Sotheby's in Monterey, Calif., And it is estimated that it was selling for more than $ 20 million.
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The only car Porsche Type 64 Berlin-Rome, number 3, kept in 1939, was the personal car of Ferdinand and Ferry Porsche. The car was offered for sale by RM Sotheby's in Monterey, California and had been estimated at
… more
Photo: Tristan Fewings / Getty Images For Sotheby's & # 39; s
The only car Porsche Type 64 Berlin-Rome, number 3, kept in 1939, was the personal car of Ferdinand and Ferry Porsche. The car was offered for sale by RM Sotheby's in Monterey, Calif., And it is estimated that it was selling for more than $ 20 million.
less
The only car Porsche Type 64 Berlin-Rome, number 3, kept in 1939, was the personal car of Ferdinand and Ferry Porsche. The car was offered for sale by RM Sotheby's in Monterey, California and had been estimated at
… more
Photo: Tristan Fewings / Getty Images For Sotheby's & # 39; s
After the biggest mistake in the history of recent auctions, the Nazi car brand Ferdinand Porsche has not been sold.
At the Saturday night stand-alone auction in downtown Monterey, California, the auctioneers of RM Sotheby's first sale dimmed the lighting and showed a promotional video they had made prior to the long-awaited sale of the 1939 Type 64. The controversial silver cut Sales were expected to be around $ 20 million before a From the auction house, the crowded room is upset, leaving some collectors to believe that it was a joke.
"This is the only surviving example piloted personally by Ferdinand Porsche," said the evening's host. He then announced the auction opening at "30 million dollars," a figure listed on the front of the auction room screen. Half of the crowd laughed; the other half applauded. After a quick auction reaching "70 million dollars", with the crowd on foot, the iPhones lifted and cheering, the auctioneer announced that he had said "17 million dollars", instead of "70 million of dollars". The media screen was quickly changed to reflect $ 17 million.
Boos and cries and cries followed. People are out.
"What a joke," said Johnny Shaughnessy, a collector from Southern California, who was in the room when that happened. "They lost all their credibility, my father could have bought that car for $ 5 million years ago, it's been around for years and nobody wants it."
"By the time auctions were opening on the Type 64, increments were displayed incorrectly on the screen, which caused unfortunate confusion in the room," the company said in a statement. "It was the result of a totally unintentional and unintentional mistake." The company said that it was "an unfortunate misunderstanding amplified by the excitement in the room".
Among the comments of collectors present right after the episode are "What a scam", "They cut their throats" and "It worked for Banksy, it did not work for RM", a reference to Sotheby's sale in 2018 which saw a Banksy artwork shred into a surprise waterfall just after its sale.
John Bothwell, the director of Pur Sang Bugattis, described it as "great madness". Two representatives of RM Sotheby's were not available to comment after the sale; a third sailed away without a word when asked to make a statement about the car. In an e-mail response to a request for comment from Bloomberg News, a spokesperson said that "despite the interest of knowledgeable collectors, we could not find a common ground between the seller and the buyer at night ".
The auction for Type 64 was completed in a few minutes, after no bid greater than $ 17 million appeared in the room.
This is not enough money. The car is listed as "Still for Sale" in RM Sotheby's online sales catalog.
The Type 64 was far from the only brutal sale of a weekend when the gross totals up to Friday were down about 25%, or about $ 50 million, compared to 2018, according to Hagerty. Overall, while there were 16 more cars offered for the first two days of the auction in 2019, nearly 30 fewer cars were sold. The average selling price was $ 75,000 lower than last year. RM Sotheby's insiders have described the current market as "a bloodbath".
Last Friday, the first seller, a McLaren F1, is expected to be $ 23 million. He won just over $ 19 million at the RM Sotheby's auction this night.
But the Type 64 was the whitest of the lot, with famous collectors and Porsche bigwigs discussing its veracity in a low voice for weeks before the sale. Rather than his UFO look or astronomical price, it's the name of the car that caused all the commotion.
Some observers, guided by the terminology appearing in RM Sotheby's own auction catalog, have called the silver coupe a real Porsche. After all, it was manufactured by Ferdinand Porsche himself; he even added his name at the beginning about a decade after he did. And with its round headlights and small bonnet and rounded roofline, it clearly bears the traces of ancient design philosophies that have infiltrated into the car that is widely accepted to be the first Porsche, the 1948 356 Gmünd Cup, and later Porsche like the 911 and the Cayman.
Others, including the man who had inspected the car on behalf of RM Sotheby's prior to its sale, were careful to note that the Type 64 was technically not a ". Porsche ". Its engine and most of its parts were supplied by Volkswagen, with components from Fiat and other niche suppliers of the time. Ferdinand Porsche still built cars for almost everyone in Germany, including Daimler and Auto Union. Porsche AG was founded only between 1948 and 1010 years after the construction of this car. It is certainly not fair to call it a real Porsche, we continue.
Porsche AG and the Porsche Museum took care to distance themselves from the sale, refusing to comment for a week Bloomberg on its nomenclature and its relative importance for the history of the Porsche company. What remains to be seen is what will happen to the car and how RM Sotheby's going to recover from the breakup.
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