Jerry Seinfeld has settled a lawsuit against a Porsche 356 that the new owner claims is not true after he sold it. However, the terms of the agreement were not disclosed to all parties involved.
The car in issue is an extremely rare 1956 Porsche 356 A 1500 GS / GT Carrera Speedster, which Jerry sold at auction in 2016 for অংশ 1.4 million as part of the “Jerry Seinfeld Collection” of cars in Amelia Island, Florida, plus a 10% buyer’s premium.
The new owner was Fica Frio Ltd., a Channel Islands-based company affiliated with Carlos Monteward, son of billionaire social worker Lily Safra. A year after the car was purchased, the Frio was evaluated by Porsche experts before the car was ready for resale, when they were informed that the Porsche was a counterfeit.
Seinfeld himself said he did not know the car was original when he bought it in 2013 and told the dealer that he bought it to sort it out with Frico Freo. Unfortunately, the dealer refuses, leading the comedian to start a lawsuit against the company.
Read: Jerry Seinfeld sues California dealer for selling him ‘fake’ Porsche Speedstar
“Mr Seinfeld, a very successful comedian, does not need to supplement his income by making and selling fake sports cars,” the complaint said, according to a Reuters report.
The main reason for this belief is that the sports car had a fake stem from the lack of images at the time of its apparent recovery, as opposed to Seinfeld’s auction claim that it was “one of the best-looking examples of the high-powered four-cam Porsche.”
The lawsuit was probably settled out of court, according to a letter filed Wednesday in federal court in Manhattan. In addition to settling with Freio, the 68-year-old comedian also settled a lawsuit against European collectors, from whom he bought the car for 1.2 million.
Seinfeld also personally apologized to Frico Freo via a voicemail, saying “you will be fully compensated and will not have to keep the car”, although the money has not yet been refunded.