Seinfeld’s Porsche 911s sell for $5.8 million at Amelia Island

Jerry Seinfeld’s Porsche collection had been wracking up column inches for months prior to the 2016 Amelia Island Concours d’Elegance and, come the final drop of Gooding & Co’s hammer, the hype was vindicated as the American comedian’s 17-strong collection realised a total of $21.2 million at auction.

Of the 17 cars procured from Seinfeld’s collection, seven were Porsche 911s, with the sales of the neunelfer septet collectively raising an incredible $5,802,500 (£4,100,000) alone.

The Porsche 911 highlight from the collection was undoubtedly a genuine 1973 Porsche 911 Carrera RSR IROC with an estimate of $1.2-1.5 million. However, the ex-Peter Revson car smashed through its upper estimate, realising $2.31 milion (£1.63 million).

Photo Credit: Erik Fuller ©2015 Courtesy of RM Sotheby's
Photo Credit: Erik Fuller ©2015 Courtesy of RM Sotheby’s

While many auction experts felt the collection as a whole underperformed in the sales room, the IROC RSR was one of three Porsche 911s offered by Seinfeld that sold above its list price, with the other two neunelfers to exceed expectations both Speedsters.

In the sunny Floridian climes, Seinfeld’s 997 Speedster and Turbo-bodied 1989 3.2 Speedster both performed well, the latter selling for $363,000 (£256,000). As a comparison, a nearly identical car was also sold by Gooding at Amelia for just $209,000 (£148,000), the latter without the comedian’s provenance.

The only Porsche 911 from the collection not to achieve its estimate was a rare Porsche 993 Cup 3.8 RSR, one of just 45 such cars. Expected to achieve $1.2-1.5 million (like the IROC RSR), the naturally aspirated racer realised a still spectacular $935,000 (£660,000).

Photo Credit: Drew Shipley ©2016 Courtesy of RM Sotheby's
Photo Credit: Drew Shipley ©2016 Courtesy of RM Sotheby’s

Elsewhere, at RM Sotheby’s sale – the official Amelia Island Concours d’Elegance auction – the time warp condition 1979 Porsche 911 Turbo that could have set a new world model record failed to sell with an estimate of $300,000-375,000.

Instead, the most expensive Porsche 930 sold during the Amelia Island celebrations was RM’s 1989 911 Turbo, a car with just 1,161 miles on the clock. The G50-gearboxed 911 sold for $308,000 (£217,000).

RM Sotheby’s also achieved an above-estimate $495,000 (£350,000) for a Porsche 993 Turbo S, proving there is still some room for movement in the late air-cooled Turbo market.

For all the latest Porsche 911 auction news and results, make sure you bookmark Total911.com.

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