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.

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.

The Porsche 917K from the movie "Le Mans" almost sold for $25 million this past weekend but its owner, Jerry Seinfeld" turned down the bid.

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.

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.

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

The car has been owned by Porsche collector and sometime comedian Jerry Seinfeld since 2001. He is an avid fan of the brand and has owned dozens of the marque’s models. The 917K