The iconic 1969 Porsche 917K star car formerly owned by Steve McQueen will remain under the ownership of one Jerry Seinfeld, after the comedian turned down a $25 million bid during Mecum Auctions ’s Kissimmee, Florida event on Saturday. Such a sale would have made the Le Mans star an all-time high seller for the Stuttgart automaker's wares.

Before the auction even took place, the legendary Porsche 917K was already the highlight of the show. We were present for the auction and there was certainly quite the buzz surrou

And "the bid goes on." After Saturday's event, that's how auction house Mecum tagged the Porsche initially purchased by famed actor Steve McQueen and later acquired by Jerry Seinfeld that was offered for auction in Florida.

Bidding for the Porsche 917K that Steve McQueen drove in Le Mans reached $25 million at Mecum Auction’s annual Kissimmee sale this past Saturday. That fee would have set a new record for a Porsche sold at auction, but it wasn’t enough for the current owner, Jerry Seinfeld, who turned it down.

Jerry Seinfeld could've broken an auction record for Porsche if he decided to sell the coveted vintage car for a whopping $25 million at the Mecum's Kissimmee auction

In one of the most memorable moments in automotive auction history, the 1969 Porsche 917K owned by Jerry Seinfeld — previously driven by Steve McQueen in the classic film *Le Mans* (1971) — did not find a new owner despite an impressive bid of $25 million at the Mecum auction in Kissimmee on January 18,

Jerry Seinfeld rejected a record $25 million bid for Steve McQueen’s Porsche 917 used for filming of the “Le Mans” movie.

Porsche 917, which was owned by and driven by Steve McQueen in the film Le Mans, was put up for sale at Mecum's Kissimmee auction - but Jerry Seinfeld decided against selling.