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Seinfeld Sues Dealer For Selling Him Fake Porsche

Lawsuit / 11 Comments

Which he, in turn, got sued for selling at auction.

Earlier this month we learned comedian and long-time Porsche collector Jerry Seinfeld had been sued, along with Good & Company auction house, for selling a now proven to be fake 1958 Porsche 356 A 150 GS/GT Carrera Speedster back in 2016. The Porsche in question is supposedly one of only 56 made.

USA Today reports that Seinfeld is now suing the California dealer, European Collectibles of Costa Mesa, California that sold him the Porsche in February 2013 for $1.2 million. Seinfeld's suit claims he relied on the company's certificate of authenticity when he made the purchase.

The Porsche was only discovered to be fake after Seinfeld sold it to Fica Frio Limited. Seinfeld's suit states that once Fica Frio sued him, he immediately contacted European Collectibles and demanded they resolve the dispute with the new owner. "To date, European Collectibles has refused to do so," the lawsuit states.

Here's where things could go from bad to worse for European Collectibles: the lawsuit also alleges this wasn't the first time it sold a restored classic Porsche to someone who later found it to be inauthentic. Seinfeld's suit wants to "reveal the extent to which European Collectibles deploys fraudulent practices in connection with its restoration and sale of classic cars."

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Above all, Seinfeld is not trying to make money here. He simply wants car justice. "Mr. Seinfeld, who is a very successful comedian, does not need to supplement his income by building and selling counterfeit sports cars," the lawsuit also said. Seinfeld, in good faith, simply relied on the certificate of authenticity when he bought and later sold the Porsche.

"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 stated.