Seinfeild sells his Porsches
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Seinfeild sells his Porsches
Seinfeld Porsches hit bumpy road at auction
CNBC Fri, Mar 11 1:04 PM PST
Jerry Seinfeld faced a tough crowd while putting up 18 of his prized cars for auction Friday, with his top-valued cars falling short of expectations.
The car-collecting comedian took to the stage to introduce the sale, held at the Gooding & Co. auction on Amelia Island, Fla. Seinfeld said he never bought cars for profit, but to enjoy and drive them. Now, he wanted other collectors to enjoy them.
"I wanted to be here with you all, who see these cars the way I do and enjoy this hobby the way I do," he said. "I wanted to see your face and feel your enthusiasm because that's why I do it. I never thought these cars were going to increase in value. I'm not a collector that gets cars to make money. I love the feeling of the car."
The prices, however, seemed to exceed the enthusiasm of many of the bidders. The total haul for the auction was $22.2 Million, short of the $28 million to $32 million projected.
The star of the sale was a 1973 917/30 Porsche Can-Am Spyder that was estimated to sell for between $5 million and $7 million. But after a slow start, the bidding crept up to just $2.8 million, and was ultimately sold for $3 million.
According to auction experts, Seinfeld bought the car in 2012 for $4.4 million.
Not all of the results were weak. The second-most-valuable lot was a 1955 550 Spyder that fetched $5.3 million, falling in the range of its $5 million to $6 million estimate. And a VW Beetle that was expected to sell for around $55,000 went for more than $120,000.
Yet a 1959 718 RSK Spyder, a car that's won several races and was featured in Seinfeld's web series, "Comedians in Cars Getting Coffee," was expected to sell for roughly $4 million. The top bid, however, was $2.6 million. The final sale price, including auction fees, will still be well below estimates.
Seinfeld's VW camper, which was used for his family's lemonade stand in the Hamptons before it was shut down by police last year, sold for $99,000 — at the high end of the estimated range.
Seinfeld's sale comes as the collectible car market, especially for the Porsche brand, has taken a hit from stock-market volatility and slowing growth overseas.
The Hagerty Market Rating, a classic-car index from Hagerty insurance, posted its largest month-over-month drop in February since 2009.
CNBC Fri, Mar 11 1:04 PM PST
Jerry Seinfeld faced a tough crowd while putting up 18 of his prized cars for auction Friday, with his top-valued cars falling short of expectations.The car-collecting comedian took to the stage to introduce the sale, held at the Gooding & Co. auction on Amelia Island, Fla. Seinfeld said he never bought cars for profit, but to enjoy and drive them. Now, he wanted other collectors to enjoy them.
"I wanted to be here with you all, who see these cars the way I do and enjoy this hobby the way I do," he said. "I wanted to see your face and feel your enthusiasm because that's why I do it. I never thought these cars were going to increase in value. I'm not a collector that gets cars to make money. I love the feeling of the car."
The prices, however, seemed to exceed the enthusiasm of many of the bidders. The total haul for the auction was $22.2 Million, short of the $28 million to $32 million projected.
The star of the sale was a 1973 917/30 Porsche Can-Am Spyder that was estimated to sell for between $5 million and $7 million. But after a slow start, the bidding crept up to just $2.8 million, and was ultimately sold for $3 million.
According to auction experts, Seinfeld bought the car in 2012 for $4.4 million.
Not all of the results were weak. The second-most-valuable lot was a 1955 550 Spyder that fetched $5.3 million, falling in the range of its $5 million to $6 million estimate. And a VW Beetle that was expected to sell for around $55,000 went for more than $120,000.
Yet a 1959 718 RSK Spyder, a car that's won several races and was featured in Seinfeld's web series, "Comedians in Cars Getting Coffee," was expected to sell for roughly $4 million. The top bid, however, was $2.6 million. The final sale price, including auction fees, will still be well below estimates.
Seinfeld's VW camper, which was used for his family's lemonade stand in the Hamptons before it was shut down by police last year, sold for $99,000 — at the high end of the estimated range.
Seinfeld's sale comes as the collectible car market, especially for the Porsche brand, has taken a hit from stock-market volatility and slowing growth overseas.
The Hagerty Market Rating, a classic-car index from Hagerty insurance, posted its largest month-over-month drop in February since 2009.
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50's Diner pictures are here: https://carstoshow.com/eventdetails.aspx?eventid=93194
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Tampa Racing.com covers the Tampa car scene and supports many fund raisers, worthy causes and events that enrich our community. We hope you enjoy them all.
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https://www.tamparacing.com/forums/b...ontact-us.html
https://www.tamparacing.com/forums/b...e-senor-honda/
Here is the listings of ALL New Mexico Car Events Including Route 66 Anniversary
https://www.tamparacing.com/forums/t...ar-events.html
Top Car Club Meetings? Click a city
Got a video? Email it to Bobfixesitup@yahoo.com
________________________________________________
Keystone Motor Club (Founded 2012)... Free car show Every 3rd Saturday, newsletter is
https://www.tamparacing.com/forums/e...-car-club.html
Keystone picture gallery is here:
https://carstoshow.com/eventdetails.aspx?eventid=93202
Veterans and Friends on First Saturday...Some pictures....
https://carstoshow.com/registerevent...eventid=102331
Port Richey Rod Run at Coast Buick GMC
https://carstoshow.com/registerevent.aspx?eventid=99114
50's Diner US19.... A Florida Attraction.
1730 US-19, Holiday Fl 34691 click: https://www.tamparacing.com/forums/t...acing.html CHRA sanctioned cruise-in.
Cruise-In; Free; Every Saturday 5-8PM plus 10% off the whole menu to cruisers
50's Diner pictures are here: https://carstoshow.com/eventdetails.aspx?eventid=93194
All Cars Every 2nd Saturday Free Breakfast: Since 2015 and more. click: https://www.tamparacing.com/forums/e...ast-tampa.html
Tampa Racing.com covers the Tampa car scene and supports many fund raisers, worthy causes and events that enrich our community. We hope you enjoy them all.
What do I do? ---- on-site *Aftermarket* spring/suspension installations --- on-site impact wrenching---street lowering with your own stock springs...........True Bi-xenon HID projector headlight conversions........ Much more at Bob's Garage!
https://www.tamparacing.com/forums/b...ontact-us.html
https://www.tamparacing.com/forums/b...e-senor-honda/
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