Oldest Porsche Could Fetch $20 Million At Auction

The oldest surviving Porsche is going to be sold at $20 million at an Auction. Auction house RM Sotheby announced the upcoming sale of the car in a press release. RM Sotheby declared the Porsche as the most significant surviving piece of Porsche engineering and design history. The Porsche predates the company by nearly a decade and is believed to be the oldest Porsche in the world.

The car is a type 64, which Ferdinand Porsche designed for a 1500 km race between Rome and Berlin. The race was to take place in September 1939. The car was based on the Porsche-designed Volkswagen Beetle (KdF Wagen) but fitted with streamlined aluminium panels. It also had a hotter 32-hp flat-four.
The race never happened because war was declared and Nazi Germany invaded Poland in September 1939. The project was cancelled. One car was built and became property of the German government.

Oldest Porsche Could Fetch $20 Million At Auction

Ferdinand Porsche’s son Ferry built two more examples of the Type 64. Chassis #2 was completed in December 1939 and chassis #3 was finished in June 1940. Type 64 #3 was made using the bones of the first car, which was crashed by the managing director of Volkswagen.
Type 64 #2 did not survive the war, but type #3 did. It was retained by the Porsche family when they relocated to Austria. Type 64 #3 was kept in the family and driven by both Ferdinand and his son, Ferry.

Ferry Porsche put the company name on the front of the chassis Type 64 and registered it in 1946. Battista Farina, who founded design house Pininfarina, restored the car in 1947.
Porsche Company debuted its first car, the 356, in 1948. During an early appearance of the 356 in Austria, Type 64 #3 was by its side. Australian racer Otto Mathe bought the car from the company in 1949. He raced the car extensively during the 1950’s. He kept the car for the rest of his life. Shortly after his death in 1995, the car was sold to Dr Thomas Gruber who is a Porsche historian.

The car has made some vintage racing appearances. It has also gotten a couple of new owners. In August, RM Sotheby will auction chassis Type 64 #3 in Monterey. It is expected to command not less than $20 million. The car is original and comes with some original spare parts. It also has extensive documentation.
In order to become the most expensive Porsche ever, it has to beat the 917k which fetched $14 million at auction in 2017. The 917k was used in the film Le Mans.

Oldest Porsche Could Fetch $20 Million At Auction

The oldest Porsche in the world is expected to sell for $20 million which won’t be too much of a challenge considering it’s one of the pioneers of Porsches. The car is Porsche’s origin story, the car that birthed the company’s legend. It offers collectors the chance to sit in the seat of Ferdinand and Ferry Porsche.