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Jerry Seinfeld sues classic car dealer over allegedly fake $1.54 million Porsche

Jerry Seinfeld has filed a lawsuit against a classic car dealer alleging that it sold him a Porsche with a bogus backstory that he was accused of flipping to another collector under false pretexts.

The “Comedians in Cars Getting Coffee” star purchased the 1958 356 A 1500 GS/GT from European Collectibles in Costa Mesa, Calif., for $1.2 million in 2013, after being assured it was all original and the only one produced in Auratium Green with a black interior.

Seinfeld then resold the car at a Gooding and Company auction in 2016 for $1.54 million to Channel Islands-based Fica Frio Limited, who filed suit against Seinfeld on Feb. 1 looking to force him to buy the car back and pay damages after it determined the car wasn’t authentic.

The Fica Frio complaint alleges that Seinfeld verbally agreed to repurchase the Porsche and cover all costs after the matter was presented to him last June, but failed to do so in a timely fashion. Seinfeld’s action against European Collectibles seeks to hold it accountable for any damages that he is found to be responsible for.

“Jerry has no liability in this matter, but he wants to do the right thing, 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's lawyer, Orin Snyder, told The New York Post.

European Collectibles has not yet commented on the lawsuit.

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Originally posted by shovelhead:
It would seem that for 1.2m I would want third party verification (on my own) that the car was as represented for rarity.

Apples to oranges but if I sold my '67 2+2 I would definitely inform the new owner of the non original issues verbally and in writing as to preclude any misunderstanding.

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Originally posted by LS1 GTO:

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Originally posted by shovelhead:
It would seem that for 1.2m I would want third party verification (on my own) that the car was as represented for rarity.

Apples to oranges but if I sold my '67 2+2 I would definitely inform the new owner of the non original issues verbally and in writing as to preclude any misunderstanding.

Egg-zactly!

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Jerry Seinfeld is the richest comedian in the world, being worth almost a billion dollars as things currently stand. In 2019, Jerry Seinfeld's net worth is estimated to be $950 million.

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Originally posted by LS1 GTO:
https://www.foxnews.com/auto/j...egedly-faked-porsche

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Jerry Seinfeld sues classic car dealer over allegedly fake $1.54 million Porsche

Jerry Seinfeld has filed a lawsuit against a classic car dealer alleging that it sold him a Porsche with a bogus backstory that he was accused of flipping to another collector under false pretexts.

The “Comedians in Cars Getting Coffee” star purchased the 1958 356 A 1500 GS/GT from European Collectibles in Costa Mesa, Calif., for $1.2 million in 2013, after being assured it was all original and the only one produced in Auratium Green with a black interior.

Seinfeld then resold the car at a Gooding and Company auction in 2016 for $1.54 million to Channel Islands-based Fica Frio Limited, who filed suit against Seinfeld on Feb. 1 looking to force him to buy the car back and pay damages after it determined the car wasn’t authentic.

The Fica Frio complaint alleges that Seinfeld verbally agreed to repurchase the Porsche and cover all costs after the matter was presented to him last June, but failed to do so in a timely fashion. Seinfeld’s action against European Collectibles seeks to hold it accountable for any damages that he is found to be responsible for.

“Jerry has no liability in this matter, but he wants to do the right thing, 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's lawyer, Orin Snyder, told The New York Post.

European Collectibles has not yet commented on the lawsuit.

Really?? REALLY??

You're going to spend $1.2M on a used car and actually going to believe the used car dealer instead of having the car checked by a trusted mechanic who knows this type of vehicle?

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Originally posted by BamaJeepster:

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Originally posted by LS1 GTO:

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Originally posted by shovelhead:
It would seem that for 1.2m I would want third party verification (on my own) that the car was as represented for rarity.

Apples to oranges but if I sold my '67 2+2 I would definitely inform the new owner of the non original issues verbally and in writing as to preclude any misunderstanding.

Egg-zactly!

True, but keep in mind that Seinfeld can probably pull 1.2 million out of his sofa cushions...

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Originally posted by OKCGene:
I’ve been watching “Lehtos Law” on YouTube as he’s been discussing this from a legal point.

Very interesting case.

The judge may get all 3 parties in court at the same time to get this figured out.

It will probably an easy and quick decision for the court.

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came with a Certificate of Authenticity

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Originally posted by zoom6zoom:

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came with a Certificate of Authenticity

I have a template for those in MS WOrd. Buy the car, not the story.

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Following a multiyear restoration, the car was shown at several events garnering a First in Class at the 2012 Dana Point Concours d’Elegance hosted by the 356 Club of Southern California. It also earned a Best in Class finish at the Quail Motorsports Gathering later that year.

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Seinfeld claimed to have his experts inspect the car and if it is fake, it looked real enough to fool not only them but many concours judges. The car also is claimed by Gooding & Co. to have come with a Porsche Certificate of Authenticity

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Right now, the case hinges on differing expert opinions of the car’s authenticity and will rely on proof—possibly via an inspection by Porsche itself—to determine what the true story is.