World’s 1st ‘Porsche’-badged car expected to fetch $20M at auction

United Press International (UPI) | Aug 15, 2019 at 5:45 PM
  • An 80-year-old, one-of-a-kind German sports car — said to be the first car ever to carry the “Porsche” nameplate — is on the auction block this weekend, where it’s expected to fetch at least $20 million.
  • German auto engineer Ferdinand Porsche designed the Type 64 car as a racing version of the KdF Wagon — which would later evolve into Volkswagen’s Beetle — for a Nazi Party rally from Berlin to the Austrian Alps to Rome.
  • Sotheby’s calls the vehicle “the most historically important Porsche ever publicly offered.”