It all started in March 2016, when Jerry Seinfeld collected 18 cars from his collection and commissioned Gooding & Company to auction them at the Amelia Island auction. Except for the 1964 Kombi Camper and the 1960 Beetle, the rest are Porsches.
“Jerry’s keen eye for important Porsches, his care and pride in maintaining its spectacular collection, and his passion and passion for the brand have made this one of the most exciting sales in our company’s history,” Gooding President David Gooding Say. & company.
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But why are such hardworking and millionaire fans of German manufacturers selling rare and special cars?
“I’ve never bought a car as an investment. I don’t even consider myself a collector. I just love cars. I still love those cars. But it’s time to send some of them back to the world for others to enjoy, like I.”
Only one Carrera GT prototype ran aground. The other 17 pieces had a combined value of $22.2 million at the time, well below the $32.5 million assessed for the collection.
Rare models include the 911 Carrera 3.0 IROC RSR, 597 Jagdwagen, 550 Spyder and 1966 911 with just 30,000 kilometers.
There was also one of 56 1958 aluminum-bodied 356 A 1500 GS/GT Carrera Speedsters that were valued at between $2 million and $2.5 million, but sold for $1.54 million.
I hope Seinfeld is also stranded.
True or false, that is the question
Officially, the buyer of the 356 A 1500 GS/GT Carrera Speedster is a Jersey-based company registered as Fica Frio Limited. Behind the company, however, is Carlos Monteverde, son of Alfredo João Monteverde, founder of the Ponto Frio network, and second husband of Lily Safra, the billionaire widow of banker Edmond Safra.
In March 2017, Monteverde hired Maxted-Page, one of the most prestigious Porsche dealers and repairers in the world, to inspect the vehicle – and people began to suspect it wouldn’t be one of Porsche’s 56 cars. 356A 1500GS. /GT Carrera Speedster, but a regular 356.
Gooding has defended itself, claiming that European Collectibles, from which Seinfled bought the sports car for $1.2 million in February 2013, offered the 356 a worthy restoration.
Bradley Brownell, a well-known parts supplier for Porsche workshops in the United States, said in an article published on the US website Yalopnik “As one of the most respected workshops in the field of (European collectibles) Porsche restoration, I have a hard time believing that a counterfeit GS/GT would pass their hands without them noticing,” but also noted that “determining the authenticity of the car Things that might have been used like a race car in the 1950s are often harder than they look.”
fight for justice
Triggered, Seinfeld even called Montevideo, leaving an apology in the collector’s mailbox and promising full compensation if the car was confirmed to be a fake.
He even said “I’d love to know how you guys found out (that car is fake) because it’s amazing that mine didn’t find anything wrong”.
However, in February 2019, Monteverde filed a lawsuit against Seinfeld, and Seinfeld subsequently took legal action against European Collectibles, requiring the California-based restorer and dealer to resolve the matter directly with Monteverde.
“Mr. Seinfeld was a very successful comedian who didn’t need to make and sell fake cars to supplement his income,” was one of the central arguments of the defense at the time.
Seinfeld’s attorney, Orin Snyder, claims that the comedian relied on a certificate of authenticity from European Collectibles to buy and sell the car in March 2016.
According to a petition filed by Montevideo’s attorneys in the Southern District Court of New York, Maxted-Page expressed “concerns about the limited content of the vehicle’s historical archives, particularly the lack of photographic evidence of restoration work.”
Bruno Maia Rosa said the fraud was discovered when Maxted-Page discovered traces on the front of the car where the chassis number had been changed.
“The message I got was that the front had to be original, but ‘marked up’ in a normal 356. Probably because the original had a rear-end accident,” explains Rosa, who, in addition to being a collector specializing in 356s, Also runs Invest Collection, a classic investment advisory firm.
Last week, Seinfeld and Monteverde struck a deal; the comedian also hit it off with a European collection.
However, the content of the agreement is confidential.
forbes car Contacted Brownell (currently curator of the Crawford Museum of Automotive Aviation) and he concluded: “I believe we will never know the real answer. Probably Seinfeld never knew the car was fake. And I’m not sure. Is there anyone who can definitively prove this.”
The report also tried to contact Seinfeld, Maxted-Page, European Collectibles and Gooding & Company but received no response.