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.

Despite a $25 million offer to buy one of Jerry Seinfeld's most notable Porsches, "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.

A legendary 1969 Porsche 917K, once owned by Hollywood icon Steve McQueen and currently in possession of comedian Jerry Seinfeld, is set to hit the auction block at Mecum's Kissimmee event last Saturday. The car is tipped to become the most expensive Porsche ever sold.

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

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