Abu Dhabi, UAEMonday 19 August 2019

Rarest and oldest Porsche: yours for about $20 million

The vintage car, a Type 64, is set to go on auction in August

The rarest and oldest Porsche of them all will go sale in August, expecting to fetch about $20 million at auction.

The 1939 Porsche Type 64 was the personal vehicle of German car designer and manufacturer Ferdinand and Ferry Porsche.

It's currently on display as part of a press preview at Sotheby's auction house in London. This is the only surviving example of the Type 64 and was the genesis of the marque.

"Without the Type 64, there would be no Porsche 356, no 550, no 911,” says Marcus Gorig, Car Specialist, RM Sotheby’s.

“This is Porsche’s origin story, the car that birthed the company’s legend, and it offers collectors what is likely an unrepeatable opportunity to sit in the seat of Ferdinand and Ferry Porsche."

The auction will take place in Monterey, California during the city's famed Car Week and the Pebble Beach Concours d'Elegance. In 2018, a 1962 Ferrari 250 GTO sold for $48.4m - smashing the record for a classic car at auction.

If the Porsche Type 64 meets its $20m target it will be the second most expensive pre-Second World War vehicle ever sold, but it will have to attract a buyer willing to break the bank for it make it in to the Top 10.

Updated: May 22, 2019 02:52 PM

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