Oldest 'Porsche' could sell for $20 million or more at auction

FoxNews.com/auto ^ | May 14, 2019 | Gary Gastelu | Fox News

[ETL]

The oldest surviving sports car built by Porsche, and first to wear the brand’s name, is heading to auction this summer and expected to sell for a historic price.

The Type 64 was the third of a series built by Ferdinand Porsche and his son Ferry between 1939 and 1940.

Based on the chassis of the KdF-Wagen, which was also designed by the elder Porsche and would spawn the Volkswagen Beetle, the Type 64 was originally built to compete in a race from Berlin to Rome that was canceled after the outbreak of World War II.

By then only one of the sleek, aluminum-bodied cars had been finished, but Porsche continued the program and built a second followed by a third on the chassis of the original, which had been damaged in a crash by the managing director of Volkswagen.

The second car was discovered in storage by U.S. occupying forces, who turned into a convertible and discarded it when it broke down.

It was dismantled, but has since been rebuilt from spare parts with a new body and was recently on display at the Petersen Automotive Museum in Los Angeles.

The Porsche family kept the third intact and added a nameplate to it after the company was registered in 1946, with its first official production 356 models to follow in 1948. ..."

RM Sotheby’s hasn’t put an estimate on the value of the car, but a $20 million figure is being bandied about in the collector car world. That would make it the most expensive Porsche ever sold, eclipsing the $14 million high bid placed on a 1971 917 race car featured in the Steve McQueen film, “Le Mans,” at an auction in 2017.

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Don't know about you, but I think this is one of the ugliest cars ever built, not including some of the crap we see on the road today.

[ETL]

"Based on the chassis of the KdF-Wagen, which was also designed by the elder Porsche and would spawn the Volkswagen Beetle"

[Flatus I. Maximus]

Looks like an early Batmobile. It needs great big fins on the rear fenders.

[Celtic Conservative]

Lots of money for something that is basically a type 1 volkswagen under the skin.

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[ClearCase_guy]

But how many miles does it get to the gallon? I’m kind of on a budget.

[Celtic Conservative]

Looks like an epidermoid cyst on wheels.

CC

[moovova]

That thing looks like it should have a couple of swastikas plastered on it.

[Hatteras]

Well, Jay Leno says he’s the president of the More Money than Brains Club. Time to step up, Jay...

[laplata]

“That thing looks like it should have a couple of swastikas plastered on it”.

I thought the same thing.

[Carriage Hill]

I’d bet that it is hellish in a wind tunnel, though. Art deco for sure.

[Dr. Sivana]

Well, Jay Leno says he’s the president of the More Money than Brains Club.

Porsches keep on appreciating. So far the "More Money than Brains Club" members are doing fine on the high end, as we have not run out of people who have more money than brains to keep bidding these things up.

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Who'd have thunk at the time that it would one-day lead to this really cool, highly modified VW Bug ...

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Customized VW Beetle...

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[Disambiguator]

It looks like it would have right at home in the original Captain America movie being driven by Nazis.

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This car below is even rarer!

1957 Chevy Beetle

[pepsi_junkie]

It was dismantled, but has since been rebuilt from spare parts with a new body

Sounds like they made a replica, more or less.

[sparklite2]

"It's A Brand New Car!"

"This is the new Volkswagen, Fuhrer."
"Where is the steering wheel?"
"Mmmm, there seems to be a bug, Fuhrer."
"A Volkswagen bug?  Heh heh. Ulric,
take this nitwit out and shoot him."

[ETL]

"Hot Wheels 1967 Custom Volkswagen Beetle, Spectraflame Green, Redline Tires, Red Line, 1968"