Jerry Seinfeld, the legendary “Seinfeld” comedian and antique car collector, recently decided to sell 17 of his collectible cars for a total of $22 million.
Seinfeld sold his 15 Porsches and two Volkswagens in an auction at the Gooding and Co. auction house in Santa Monica. The “Jerry Seinfeld Collection” auction took place on March 11 at the Amelia Island Auction.
“Mr. Seinfeld is recognized throughout the world as having acquired one of the finest Porsche collections ever assembled,” said David Gooding, President and Founder of Gooding and Company, in a press release last month. “He has become known as the definitive Porsche connoisseur based on his passion and devotion to the marque.”
Although he walked away from the auction with $22 million, as the Los Angeles Times noted, it seems that the buyers all got the better end of the deal. In total, the cars listed on Gooding and Co.’s initial list went for $10 million less than the highest pre-sale estimate.
Some people are speculating that buyers weren’t too interested in Seinfeld’s collection simply because it’s easier than ever to find and purchase collectible cars; around 15 million vehicles are sold online each year, and many of them are antiques.
Furthermore, there has been speculation as to why Seinfeld chose to sell so many of his own beloved cars. As the
New York Daily News reported, Seinfeld stated that he wanted to share his love for the vehicles with other collectors. In a Gooding and Co. statement, Seinfeld explained:
“Honestly, if I had unlimited time, space and attention span I would never sell one of them. And the reason I wanted to bid these cars farewell in this way is really just to see the look of excitement on the faces of the next owners who I know will be out of their minds with joy that they are going to get to experience them. My enthusiasm for this pursuit remains quite insane and I am very fortunate to have many other cars I get to look after.”
According to some reports, the Daily News said, he still has 32 rare cars in his collection and is likely just making room for some more.