The auction for the only 1939 Porsche 64 fell through due to the auctioneer

The auction for the only 1939 Porsche 64 fell through due to the auctioneer

August 20, 2019 0 By autotimesnews

RM Sotheby’s California auction house was embarrassed, costing the organizer a lot of money and a significant share of reputation. As part of the bidding, the auctioneer mixed up the cost of the car, which caused a wave of indignation and disrupted the sale.

The day before, the sale of a single copy of the silver coupe Porsche 64 was to take place. The car was released back in 1939 and was used by Fenrdinand Porsche himself. Bidding was held at RM Sotheby’s in California. At the start of bidding, the auctioneer announced an initial cost of $ 30 million, after which he raised the price tag to $ 70 million, which caused a slight revival in the hall.

However, a few minutes later he announced that he had made a reservation and had in mind price tags of $ 13 and 17 million, respectively. There were disapproving exclamations in the hall, many began to leave. The collectors with whom the Bloomberg agency spoke spoke of the auctioneer’s actions as “scam.”

As a result, the sale of the car did not take place. The proposals did not exceed the mark of $ 17 million, which did not suit the auction house itself. What will be the consequences for the organizers and the auctioneer himself is still unknown.