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

Source: Fox News May 14, 2019 18:33 UTC