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.

Bidders and spectators were left shocked Saturday when a $25 million bid went unaccepted by Jerry Seinfeld, who refused to part with his 1969 Porsche 917K.

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

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.

Being offered a sum of money most people would chop a limb for in exchange for a car, and turning it down? Jerry Seinfeld isn't your average person, and the Porsche 917K isn't your average car.

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.