The legendary 1969 Porsche 917K, famously driven by Steve McQueen in the 1971 film Le Mans, has captured the hearts of motorsport and film enthusiasts alike.
Despite its pedigree, the car, currently owned by comedian and avid car collector Jerry Seinfeld, failed to meet its reserve price during the highly anticipated auction hosted by Mecum Auctions in Kissimmee, Florida, on January 18.
The Story Behind the Porsche 917K
The Porsche 917K, adorned in its iconic Gulf blue and orange livery, rose to fame after starring in McQueen’s Le Mans. Purchased by Steve McQueen and Solar Productions directly from Porsche in 1970, the car became a central figure in the movie’s dramatic race sequences. The 917 series also dominated the 24 Hours of Le Mans, securing back-to-back victories in 1970 and 1971, cementing its legacy as one of the greatest race cars in history.
Powered by a 4.5-litre flat-12 engine delivering 427kW and 496Nm, the 917 Porsche showcased blistering speed, with power sent to the rear wheels via a four-speed manual transmission. This engineering marvel was pivotal in Porsche’s motorsport success and remains a symbol of automotive excellence.
Jerry Seinfeld’s Connection to the Porsche 917K
Renowned for his extensive Porsche car collection, including rarities like the Porsche 918 and several classic models, Seinfeld acquired this Porsche 917 and showcased it at prestigious events such as the Monterey Historic Automobile Races and the Pebble Beach Concours d’Elegance.
The car recently underwent a meticulous restoration, including updates to its brakes, suspension, and other mechanical components, further enhancing its value.
Auction Drama at Mecum
Despite its illustrious history, the car’s bidding stalled at $US25 million (approximately $AU40 million), failing to meet its undisclosed reserve price. The crowd’s disappointment was palpable as the auctioneer declared, “The bid goes on.” The car remains listed on Mecum’s website, leaving enthusiasts wondering about its future.
This isn’t the first time a Porsche 917 has garnered significant attention at auction. In 2017, Chassis No. 917-024, once owned by Swiss racing driver Jo Siffert, sold for just over $AU22 million at Gooding & Company’s Pebble Beach auction.
A Legacy of Motorsport and Film
The Porsche 917K’s association with Steve McQueen and its role in the legendary Le Mans film have elevated its status beyond the racetrack. McQueen, a noted car enthusiast, solidified the car’s place in Hollywood and motorsport lore. Meanwhile, Seinfeld’s stewardship of the car underscores his passion for preserving Porsche’s storied history.
Jerry Seinfeld’s Porsche Collection and Net Worth
Seinfeld’s love for Porsches is well-documented. His impressive Porsche car collection, estimated to include over 50 models, reflects his dedication to the brand. Notable models include the Porsche 918 and several vintage classics. With a reported net worth exceeding $1 billion, Seinfeld’s ability to acquire and showcase automotive icons like the 917K Porsche speaks to his unwavering commitment to car culture.
CarExplore's Thoughts
The Porsche 917K’s failure to sell highlights the complexities of valuing vehicles that blend history, performance, and cultural significance. Whether it finds a new owner soon or remains with Seinfeld, the car’s legacy as a symbol of Le Mans Porsche dominance and Hollywood glamour remains unshaken.
For enthusiasts, this car represents the pinnacle of Steve McQueen’s Porsche legacy and a dream machine for any serious collector. As the auction dust settles, the automotive world eagerly awaits the next chapter for this extraordinary vehicle.
Aize Carter
