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Jerry Seinfeld's Porsches shine at an auction that might be the peak for classic car market

Mar 9, 2016, 20:30 IST

Mathieu Heurtault/Gooding & Co.

Ferrari remains the top dog in the collector car market. It has been that way since prices began to take off, and remains so during the current decade, as prices began to outperform most other asset classes.

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But at a Gooding & Company auction at the famous Amelia Island Concours d'Elegance next week, it will be Porsche that steals the show.

This will in large part be due to comedian Jerry Seinfeld, who will sell 16 Porsches from his personal and extensive collection, considered to be one of the finest Porsche collections in the world.

"It's really unprecedented," Hans Wurl of Gooding & Company said.

But what the auction means for the incredible growth rate of collector car prices - or the market for Porsches alone - is a matter of debate.

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"I really think the Porsche market is expanding ... but it's a wave that's going to crest," Phil Skinner, senior market editor at Kelley Blue Book said.

And that crest, Skinner said, may take place at the Amelia Island auction - meaning Seinfeld has picked the perfect time to sell.

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