Chaos erupts as a rare Porsche seems to auction for a record-shattering $70 million


Going, going, going, going…

The 1939 Porsche Type 64 was expected to auction for at least $20 million at Monterey Car Week in California over the weekend, but a confusing start with the auctioneer and excitement in the room meant the bidding process on the rare vehicle was more than bungled. 

A starting bid of $13 million was heard as $30 million and from there all the wires were crossedJalopnik shared a video of the auction for the vintage vehicle showing how that initial mistake amidst the din was projected onto the screen as $30 million. Then $40 million. Then $50 million, $60 million, and eventually $70 million — before surprisingly dropping to $17 million. It was never $30 million and it most certainly never was bidding up to $70 million.  Read more…

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