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Jerry Seinfeld Accused Of Auctioning Off Bogus 1958 Porsche - Details

Jerry Seinfeld Accused Of Auctioning Off Bogus Porsche
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Feb. 2 2019, Updated 9:30 p.m. ET

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Comic Jerry Seinfeld has been accused of auctioning off a bogus vintage 1958 Porsche.

He has been hit with a lawsuit claiming that he sold the car for $1.54 million knowing it was not authentic.

The buyer of the 1958 Porsche Carrera Speedster, Fica Frio Ltd, claims he "misrepresented" the luxury car and then failed to follow up on an alleged voicemail promise to make things right.

The suit states: "After being informed by Fica Frio that the vehicle is not authentic, Mr. Seinfeld orally accepted, in a voicemail audio recording, Fica Frio's offer to rescind the sale of the Vehicle and return to Fica Frio the purchase price that Fica Frio had paid to Mr. Seinfeld, plus all costs it incurred, in exchange for Fica Frio returning the Vehicle to Mr. Seinfeld.

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"Mr. Seinfeld breached that oral agreement, as he has not returned Fica Frio's purchase price nor paid to Fico Frio its costs incurred, in exchange for the vehicle."

Seinfeld, a known car collector, allegedly sent out auction notices for the Porsche — describing it as a "356 A 1500 GS/GT CARRERA SPEEDSTER FROM THE JERRY SEINFELD COLLECTION."

According to the suit, he claimed that the vehicle had "the distinction of being the only Carrera Speedster known to have been finished at the factory in Auratium Green" and one of 56 Carrera Speedsters "specified in GS/GT trim."

"This exceptionally rare 1500 GS/GT Carrera Speedster is surely among the finest restored examples of a highly sought-after four-cam Porsche," he allegedly told bidders.

However, the company is suing him claiming the car is "not authentic and is not the automobile that Seinfeld and the vehicle summary provided at the Auction represented."

They want to rescind the sale and get back their costs plus damages.

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Seinfeld's lawyer, Orin Snyder, said in a statement: "Jerry has been working in good faith to get to the bottom of this matter."

However, Fica Frio insists that the car is "not authentic and is not the automobile that Mr. Seinfeld and the vehicle summary provided at the Auction represented."

The Channel Islands entity, which is basked on the Bailiwick of Jersey, is looking to rescind the sale and get back the costs it incurred. It is also seeking damages "for the losses it has suffered in connection with the purchase."

Seinfeld's lawyer, Orin Snyder, said: "Jerry has been working in good faith to get to the bottom of this matter. I have asked Fica Frio for evidence to substantiate the allegations.

"Jerry is willing to do what's right and fair, and we are confident the court will support the need for an outside evaluator to examine the provenance of the car."

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