Comedian and car enthusiast Jerry Seinfeld is clearing out some space in his garage.
He’s getting ready to send some of his vintage Porsche collection back into the world– and will start by auctioning off three vintage models worth an estimated $10 million dollars. His decision couldn’t come at a better time, as there’s been a recent surge in vintage Porsche prices.
Auction house Gooding & Company says Seinfeld’s 1955 Porsche 550 Spyder, 1958 Porsche 356 A 1500 GS/GT Carrera Speedster and 1974 Porsche 911 Carrera 3.0 IROC RSR will go across the auction block in Florida on March 11, 2016.
The 1955 Spyder, Porsche’s original four-cam sports racing car, is an unrestored vehicle, with its original chassis, body and engine, with 10,300 miles on the odometer. It’s valued between $5-$6 million. The 1958 Speedster was recently restored and is valued at between $2-$2.5 million. The 1974 Carrera could fetch more than $1.2 million.
“I’ve never bought a car as an investment,” states Jerry Seinfeld. “I don’t really even think of myself as a collector. I just love cars. And I still love these cars. But it’s time to send some of them back into the world, for someone else to enjoy, as I have.”
The three Seinfeld Porsches will go up for auction at Amelia Island in Florida, along with about 80 other valuable collector cars.
“We are grateful and honored to be entrusted with these superb examples from the collection of Jerry Seinfeld, these cars epitomize the highest of quality and pedigree,” says David Gooding, President of Gooding & Company. “Jerry’s keen eye for significant Porsches, the care and pride he takes in maintaining his spectacular collection and his enthusiasm and passion for the Porsche marque, makes this one of our most thrilling sales in our company’s history.”
According to the LA Times, these aren’t the first Seinfeld Porsches to go across the Gooding auction block. The company sold a 1958 356A Speedster owned by Seinfeld for $330,000 at a 2012 Pebble Beach event.