Watch: A controversial flop from Porsche in an auction



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  • A controversial "Porsche" Type 64 from 1939 – which the automaker claims is technically not a Porsche – was not auctioned from RM Sotheby's car in Monterey on 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.
  • Care eventually failed to sell after reaching the reserve price, and the experiment was captured on video by several participants.
  • Visit BusinessInsider.com for more stories.

A "Porsche" with a controversial story was expected to bring in more than $ 20 million on Saturday at the RM Sotheby's car auction in Monterey. The car ended up not selling 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 links is earlier than the company itself, and a spokesman for the automaker's museum told Business Insider that there could be better actions than putting this at auction.

The controversial sale of the Type 64 began to garner applause and car enthusiasts with their cameras for phones ready to take a picture at the time of its deployment. The auctioneer started bidding for $ 13 million, but the big screen showing the offers indicated a $ 30 million start-up bid for the participants, as the crowd began to boo.

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

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

The crowd reacted with a mix of cheers and laughter while the error "-ty" instead of "-14" continued. While the auction reached $ 17 million, the auctioneer realized the mistake.

"There are 70, guys, that's 17," said the auctioneer. "It may be my pronunciation.It is $ 17 million."

The excitement began to falter as a result of the unveiling of the sales errors.

The number on the screen then dropped dramatically from $ 70 million to $ 17 million, accompanied by a roar of screaming and howling. According to Bloomberg, participants also left the room.

"By the time auctions were opening on the Type 64, increments were being displayed on the screen, creating unfortunate confusion in the room," RM Sotheby & # 39 spokesperson told Business Insider. ; s. "We are proud to lead our world-class 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. "

At $ 70 million, the Type 64 would have broken the record of last year for the most expensive car ever auctioned at $ 48.4 million, a Ferrari 250 GTO of 1962. But that's not the case. has never been the real offer for the car.

"This is the biggest mistake of modern history", could we surprise a man during 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 had 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 reached its reserve.We will continue to make every effort to sell it," Sotheby's statement said.

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