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.

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.

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.

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.