The smart way to stay ahead in the automotive world

Fleet Auto News

The smart way to stay ahead in the automotive world

Auction stuff-up leads to a quadrupling of the price

19 August 2019, 8:50 am

NewsMotoring logo
Auction stuff-up leads to a quadrupling of the price
Image: NewsMotoring
Auction stuff-up leads to a quadrupling of the price
Image: NewsMotoring

AutoExec Summary

A chaotic auction for a rare 1939 Porsche Type 64 saw bidding mistakenly inflated to $US70 million, leading to confusion when the auctioneer corrected the bid to $17 million. The Type 64, the first car to bear the Porsche name, was ultimately passed in below its expected price. Other notable sales included a McLaren F1 LM selling for $29 million and a 1958 Ferrari 250 California Spider for $9.9 million, showcasing the high-stakes world of luxury car auctions.

Brands mentioned: Toyota, Porsche, Ferrari, McLaren, Ford, Aston Martin

 

Share Article

"*" indicates required fields

This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form