Seinfeld auctioning off his vintage classic cars
A 1954 Porsche 550 Spyder on loan from the collection of actor Jerry Seinfeld is displayed at the 2008 Los Angeles Auto Show in Los Angeles on 19 November 2008 Reuters

Jerry Seinfeld will be selling some of his vintage classic Porsches at an auction in March 2016. A fraction of the comedian's extensive classic car collection will be auctioned off at the Amelia Island Auction. There has been no confirmation on how many of Seinfeld's cars will come under the gavel yet.

The details of the upcoming auction were released in a statement by Gooding & Company on 19 January. The auction house has dubbed the cars being sold as The Jerry Seinfeld Collection and has said that a "sampling of this exceptional collection" will be showcased at the company's annual Scottsdale Auctions, which is slated to commence on 27 January.

David Gooding, president of the auction house, said, "We are grateful and honored to be entrusted with these superb examples from the collection of Jerry Seinfeld, these cars epitomize the highest of quality and pedigree." Although the auction house has not yet specified the number of cars that will be sold at the auction, they have confirmed that it would represent nearly 10% of Seinfeld's entire collection, according to a report by CCN Money.

According to Gooding & Company, the selection of cars slated to be showcased at the auction will include a 1955 Porsche 550 Spyder, which is currently valued at $5m-$6m (£3.5m - £4.5m), a 1958 Carrera Speedster, which is expected to sell for at least $2m and a 1974 Porsche 911 Carrera, which is estimated to fetch around $1.5m.

Seinfeld, best known for his namesake sitcom that gained popularity in the late 1990's, and now the popular show Comedians In Cars Getting Coffee is a known Porsche aficionado. A huge chunk of the comedian's vintage car collection is believed to be made up of luxury classics from the German automaker.

Commenting on the impending auction, Seinfeld said: "I've never bought a car as an investment." He also said that he didn't consider himself to be a collector. "I just love cars. And I still love these cars. But it's time to send some of them back into the world, for someone else to enjoy, as I have."