13 June 2022
In March 2016, at an auction run by Gooding & Co. Jerry Seinfeld sold several valuable Porsche in honour of the Jerry Seinfeld Car Collection, including a 1955 Porsche Spyder for £4.5m, a Porsche 356 A, and even a 1964 VW Camper; the total sale value of the collection sold was £18million.
Included in the collection was an extremely rare Porsche 356 A 1500 GS/GT Carrera Speedster, and it sold for £1.2million. Seinfeld purchased the car in 2013 from European Collectibles, a restoration specialist in Costa Mesa, California, for a rumoured £1 million.
The purchasers of the car, Channel Island based Fica Frio Limited, filed a lawsuit against Jerry. The case makes it clear that the extremely rare Porsche is a fake. Auctioneers, Gooding & Co sold the car. If the claim was valid, Seinfeld steadfastly claims he had been misguided.
To resolve matters, Seinfeld reached out to European Collectibles; when they refused to co-operate, Seinfeld sued.
Since both lawsuits were settled out of court, no public documents say whether European Collectibles sold Seinfeld the car in bad faith or that Seinfeld sold the vehicle to Fica in bad faith.
Throughout, Seinfeld maintained his innocence, pointing out that he is a very successful comedian and does not need to supplement his not insignificant income selling fake cars. He has apologised to Fica Frio, and the case is now closed.