Jerry Seinfeld, the comedian, has resolved two claims over a purportedly inauthentic classic Porsche that he sold for $1.54 million at auction.
In 2016, Seinfeld, who currently hosts the Netflix show ‘Comedians and Cars Getting Coffee,’ sold the 1958 Porsche 356 A 1500 GS/GT Carrera Speedster at an auction in Florida under the guise of being one of the few of its kind to have a precise factory-original paint job and interior color combination.
The car’s buyer sued Seinfeld in 2019 after alleging that the paint palette was not factory original.
Seinfeld evidently felt misled as well, and sued the Porsche dealer from whom he bought the car.
Both claims were eventually settled.
Seinfeld, a car collector, auctioned off the Porsche as part of a lot of 17 cars for a total of $22.2 million through Gooding & Company in Florida.
The Porsche was touted by Seinfeld as one of the few ever built with an Auratium Green factory finish and a black interior.
Fica Frio Ltd., situated in the Channel Islands, paid $1.54 million for the car.
They requested that Seinfeld buy the automobile back and pay damages after discovering that it was not factory original as represented.
Fica Frio Ltd. said that Seinfeld agreed to do so, but after he didn’t repurchase the car in a timely manner they filed suit in February 2019.
‘Jerry has no liability in this matter, but he wants to do the right thing,’ Seinfeld’s lawyer told the New York Post at the time, ‘And is therefore bringing this action to hold European Collectibles accountable for its own certification of authenticity, and to allow the court to determine the just outcome.’
Seinfeld had purchased the Porsche in 2013 from European Collectibles in California for $1.2million, after being made the same assurance he would later stake that the car was entirely factory authentic.
He filed a complaint against the dealer once it became clear they had sold him the car under false pretexts.
‘Mr. Seinfeld, who is a very successful comedian, does not need to supplement his income by building and selling counterfeit sports cars,’ the complaint read.
Both lawsuits were reported closed in a Manhattan court on June 1. Their details are not known.