Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

The $20 Million Porsche That May Not Be A Porsche

Bloomberg Businessweek

|

August 05, 2019

A car built for the Nazi Party in 1939 has become the most polarizing vehicle to go to auction in years.

- Hannah Elliott

The $20 Million Porsche That May Not Be A Porsche

In mid-August during Pebble Beach, the world’s most prestigious car show, a vehicle that RM Sotheby’s is calling the Porsche Type 64 is expected to sell for about $20 million. It promises to be the most controversial sale of the year.

Price isn’t the issue. The auction estimate from RM Sotheby’s is far shy of the record $48.4 million paid for a 1962 Ferrari 250 GTO. The Type 64’s price would still be rarefied, more like that of the 1963 Aston Martin DP215, which sold for $21.45 million last year.

It isn’t the car’s design, either, that’s prompted public debate on Instagram and in discreet discussions between auto brokers and their clients—though it does look like a UFO.

Even the fact that the Type 64 was commissioned by the Nazis is unsurprising, grim as that may sound. Many well-known vehicles were developed for Nazi purposes, including the Volkswagen Beetle and Mercedes-Benz 770.

The conflict that has wealthy collectors whispering is that the Type 64 may not actually be a Porsche. “It’s not,” says Andy Prill, a mechanical engineer and owner of Prill Porsche Classics in England. “This is one thing I’ve been at pains to point out to people.” Prill conducted the presale inspection for RM Sotheby’s, compiling a 53-page dossier on the car. His take: While the Type 64 is a direct ancestor of the Porsches that came later, its mixing-bowl heritage disqualifies it from the same distinction.

MORE STORIES FROM Bloomberg Businessweek

Bloomberg Businessweek US

Bloomberg Businessweek US

Instagram's Founders Say It's Time for a New Social App

The rise of AI and the fall of Twitter could create opportunities for upstarts

time to read

4 mins

March 13, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Running in Circles

A subscription running shoe program aims to fight footwear waste

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

What I Learned Working at a Hawaiien Mega-Resort

Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.

time to read

10 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

How Noma Will Blossom In Kyoto

The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

The Last-Mover Problem

A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps

time to read

11 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Tick Tock, TikTok

The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban

time to read

12 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Cleaner Clothing Dye, Made From Bacteria

A UK company produces colors with less water than conventional methods and no toxic chemicals

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Pumping Heat in Hamburg

The German port city plans to store hot water underground and bring it up to heat homes in the winter

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Sustainability: Calamari's Climate Edge

Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment

time to read

4 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

New Money, New Problems

In Naples, an influx of wealthy is displacing out-of-towners lower-income workers

time to read

4 mins

March 20 - 27, 2023

Translate

Share

-
+

Change font size