Market Finds: Would You Buy A Porsche From Jerry Seinfeld?

Would You Buy A Porsche From Jerry Seinfeld?

Avatar By Benjamin Shahrabani
January 20, 2016
6 comments

Many people in the enthusiast community know that Jerry Seinfeld practically embodies the term Porschephile. In fact, no less an authority than his fellow comedian and car-show host, Jay Leno, said he believes Seinfeld may know as much about the marque than just about anybody.

He isn’t just a celebrity who possesses a collection as a mere display of status—rather, it’s the byproduct of a lifelong, and deep love of cars. That’s why it may be surprising to some that Seinfeld recently announced he will be selling a few cars out of his collection at the upcoming Gooding & Company Amelia Island Auction in Florida on March 11th.

Seinfeld isn’t selling because he needs the money or the stock market just tanked—not that there’s anything wrong with that! No, evidently, it’s because he is the enthusiast’s enthusiast.

“I’ve never bought a car as an investment,” states Seinfeld in a statement from Gooding & Company. “I don’t really even think of myself as a collector. I just love cars. And I still love these cars. But it’s time to send some of them back into the world, for someone else to enjoy, as I have.”

Bidding? You’ll have your pick of three: first, an original and unrestored 1955 Porsche 550 Spyder which the auction house pegs at between $5 million and $6 million. Second, a 1958 Porsche 356 A 1500 GS/GT Carrera Speedster, one of only 151 built with the four-cam engine, and a prize winner at the Quail Motorsports Gathering and valued at between $2 million and $2.5 million. Third, a 1974 Porsche 911 Carrera 3.0 IROC RSR formerly owned by Roger Penske, and with period racing history that’s been valued at between $1.2 million and $1.5 million.

These won’t be the only Seinfeld cars to cross the block, as an auction house spokesperson stated “there will be many more than just these three”—so perhaps save a few million for the next round.

It remains to be seen if Seinfeld’s ownership will add a premium to what is sure to be spirited bidding, but what is for certain is that Seinfeld has been a wonderful steward for these cars. “Jerry’s keen eye for significant Porsches,” said David Gooding, President of Gooding & Company, “the care and pride he takes in maintaining his spectacular collection, and his enthusiasm and passion for the Porsche marque makes this one of our most thrilling sales in our company’s history.”

Gooding will preview the cars at its auction in Scottsdale, Arizona, on January, 27th. It remains to be seen what Seinfeld will do with the proceeds. Our suggestion? Buy more Porsches, of course…

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geelongvic
geelongvic

At auction from Jerry, well no, he would have too much of an advantage. But a private sale from George or Elaine? Of course, in a New York minute!

Landroving
Landroving

Perhaps the predictably absurd prices these fine and rare examples of the Porsche world will command will mark the peak and then the prices will start receding so that I might be able to afford a simple 911SC some day. Selfish, sure but I have a feeling my sentiment is nit unique. Good luck to Jerry, his passion is well known and that he has the means to assure the best care for his collection makes his cars strong buys.

Dennis Cavallino
Dennis Cavallino

“He believes Seinfeld may know as much about the marque than just about anybody”??? As much as everyone, or more than just anybody???

mudpuppy
mudpuppy

Benjamin, the statement is not correct English. Perhaps you should have an editor look at your work before you submit it. Or something along those lines.

Guitar Slinger
Guitar Slinger

Would I buy a Porsche directly from Mr Seinfeld [ versus from any auction ] Considering the level of care and detail he gives to each and every one of his cars as well as the tasteful restorations the man favors ? Why …….. yes I would But would I buy one of Seinfeld’s Porsches from any auction house ? In light of the celebrity bump in price [ which will no doubt be excessive and absurd ] that the final gavel will demand in order to procure it ? Not a chance . Over paying for any car in… Read more »