Jerry Seinfeld Now SUING Car Dealer Who Sold Him "Counterfeit" Porsche

Those Seinfeld reruns slowing down huh?

Jerry and the gang still make a bucket of money for Seinfeld re-runs. The same with the cast of Friends. It is crazy money for syndicated TV shows. None of them need to work. This move is odd. Jerry should have just given the purchaser their money back and sold the car (original to the period but not numbers matching as it was a race car) to another buyer.

Seinfeld is reputable. Someone jerked him around and swindled him. When he sold it, he sold it honestly. They screwed with the WRONG collector. If they swindled him, i hope they are destroyed for it. I don't sell cars in the echelon but when you say a car is "all numbers matching" that does not mean saw the VIN off a hulk and glue it into a better donor car and then drop in the matching engine. I've seen that. I learned a hard lesson when I bought an Iso Grifo. The seller saw a wide-eyed kid--which I was--and I got taken. The car was incapable of restoration so it's a mongrel pieced together with Corvette parts. It looks amazing like it's all-original and showroom new. Grifos are rare as hell and I have been asked if I want to sell it, but the minute I tell them how inauthentic it is, they run. I'll probably never sell it because I like it too much.

Nailed it.

Sorry to hear about your Grifo but glad to hear you adore it.

Matt: You bought a car sight seen and got screwed. You can buy a Tesla over the internet and all numbers will match ... guaranteed

As for the Tesla...No, not even with numbers matching am I interested.

I bought Grifo "sight seen" but my ability to see clearly was impeded by the euphoria of the find. This post is about the ramifications of misrepresenting the condition/authenticity of collectible cars and I got taken. The car I bought was misrepresented to me, but when you're 21 with money in pocket and the potential of two hookups back at the hotel waiting for you and blowing up your phone, the time you spend looking at the car is time you're not spending knocking boots. I took the guy for his word, had tremendous fun knocking boots, and it wound up being a $50K project on top of the price of the car.

Sometimes when you knock boots, you get screwed. Just saying.

Who guarantees it is authentic? Did Porsche review this car or its details, VIN's etc? I have never seen such a certificate but I would think it relies on more than just the seller saying the car is historically accurate and authentic.

The dealer that Jerry bought it from provided a certificate of authentication. That is why he has to go after them. They misrepresented the product to him. He's been caught in the middle. I don't even care that much for him professionally, but I agree that he has to go after them.

@CC You're 100% wrong. LEGALLY what the seller represents is what it must be.

Thus, Seinfeld represented it as authentic when he sold it because when it was sold to him the seller represented it as such. Seinfeld being an avid collector must have received sufficient documentation to convince him.

Therefore, Seinfeld is responsible for the car and he will likely have to reimburse the seller. He definitely has an action against the entity that sold it to him.

Why would Seinfeld show YOU proof of the car? That was over the top arrogant on your part.

Matt: So you got screwed when you bought the car without taking your pants off and you were in a hurry because of what was at the hotel... LMAO ... Oh, I forgot ... the car was misrepresented ... Were the girls working with the seller to get you away from the car before you had time to find something wrong with it .... You should make a movie !!!

The girls weren't in cahoots with the seller, but If I had spent time to dig into the car with more than a cursory "yeah it's OK" glance, I'd have found the rust that the the seller said was not there. I actually told both of the girls I was there to buy a car. I foolishly zoomed through the look at the car to get back to the hotel and I told the second one I had to do more digging on the car. OH THE IRONY.

Jerry is a SORE LOSER. He has BILLIONS of dollars and he gets his nose out of line just over an old UGLY GREEN Porsche.

That will teach this snowflake not to buy any green cars.

Jerry probably does not have Billions of dollars. He is wealthy no doubt but everybody runs out of money at some point.

Unless his investments are returning 8% a year, he is likely in "spending down" mode. Residuals are good but if you live large, you need to earn large.

Your purchasing power is frozen in yesterday's dollars and the inflation eventually sucks $$ from celebs. Most of them end up running out of money in their 70's.

@MD- My question was what kind of proof would/could be offered? To Seinfeld when he first bought the car or to the new buyer? Is there a Porsche stamp or letter of authenticity? ETC. That's is actually what I wanted to know. Legal wrangling is another matter.

I don't know what they put forward, but I handled the sell off of cars from three collections and was able to get top dollar when the owner had original bill of sale and all the service documents from day one. Not an answer to your question, but there had to be documentation for Seinfeld to buy it. They swindled Seinfeld.

@MD - All that makes sense and is a very good starting point. Being that is was a former race car (supposedly) I am not sure if there would be other paperwork or if it would still exist from the SCCA or Porsche USA etc that authenticates that period of time. It is a mess as it stands.

As I said, cars like this are well above my experience. If the people that sold it to Seinfeld were reputable, they would have jumped out in front of this to protect their reputation and their reaction to this is quite telling.

My question is not what was the paperwork shown to Seinfeld, but was the paperwork authentic.

I have sold cars through Barrett Jackson and the fine print of their contract is that if YOU misrepresent in any way the details of the car, YOU are directly responsible for the consequences including the cost of litigation.

A reputable company would say "We will reimburse you for what you paid Seinfeld for the car and we will take ownership back."