A legal dispute over ownership of Art Wall’s 1959 Masters Jacket has Heritage Auctions at odds with Augusta National Golf Club. The company put the jacket up for auction in its 2013 Platinum Winter sale, set to finish this weekend in New York, but Augusta filed suit in a Dallas court to block the sale because it says the jacket was stolen years ago.
Nevertheless, Heritage opted to pull the jacket this week from the auction and issued a statement:
“Prior to their filling the lawsuit, Augusta National did not contact Heritage Auctions, or Heritage's legal counsel regarding this jacket. Heritage's consignor, a well-known, and respected collector purchased the jacket in good faith last year for $61,000 at a public auction conducted by another company. To the best of our knowledge, Augusta National did not challenge that earlier auction prior to its sale last April. Had Augusta National contacted Heritage Auctions directly prior to the auction with proof that the current owner did not have good title, we would have removed it from the sale. The current owner disputes the current claim based on facts either omitted, or mischaracterized in Augusta National's lawsuit. The jacket has been removed from the sale. Heritage looks forward a final determination in this matter."
Comcast-Spector Charities, the umbrella charity encompassing both Philaelphia Flyers Charities and Global Spectrum Charities, is hoping Goldin Auctions can help it raise money for local groups in need.
Through the partnership, Comcast-Spectacor Charities will provide at least five lots of memorabilia for Goldin Auctions to include in all of their events. The items, which may include stadium-used items, fan experiences, autographs and game-used memorabilia, will be featured in a special section of each Goldin Auction as Comcast-Spectacor Charity Collection.
"We hope to build upon this model to help other such charitable organizations broaden their reach to some of the world's most discerning and passionate collectors," said Ken Goldin.
For the upcoming 2013 Winter Goldin Auction, the Comcast-Spectacor Charity Collection lots are five oversized oil paintings of Philadelphia sports legends that were on display at the Spectrum including; Flyers greats Bobby Clarke, Bernie Parent and Pelle Lindbergh plus 76ers legends Wilt Chamberlain and Julius Erving.