A Porsche dealership in the the city of Yinchuan listed the brand new vehicle for 124,000 yuan ($18,300, £15,000), APA reports citing BBC News.
That is just a fraction of what it should have been. The Panamera has a starting price of $148,000.
The promotion attracted hundreds of would-be buyers who rushed to secure what appeared to be a bargain.
A spokesperson for the German car maker said that the promotion "contained a serious mistake in the listed retail price", which was taken down immediately.
"As there was only one vehicle in stock, in accordance with the sales process, Porsche Centre Yinchuan has communicated with the first customer who made an online refunded reservation fee and has negotiated an agreeable outcome", they added.
The dealership also contacted "every bidder individually and explained the situation with apology".
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