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.

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

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. If the offer was accepted, the quarter million dollar sale would have been historic for the Mecum Auctions,

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.

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.