A federal judge stopped the sale of some high-priced golf memorabilia after a federal lawsuit was filed by Augusta National Golf Club.
Bidding for Byron Nelson’s Masters green jacket as well as two other member jackets had been slated to close over the weekend but on Thursday, a judge went along with the club’s request that Green Jacket Auctions pull the plug. The club says the items weren’t supposed to have left the grounds and that they are either stolen or fraudulent.
Green Jacket says Augusta’s claim of ownership is off-base but took the items out of the auction after the court order. The Nelson jacket was expected to sell for well into six figures. The auction company specializes in golf memorabilia and has sold green jackets in the past including one presented to Horton Smith, who won two of the first three Masters tournaments in the 1930s. That one sold for over $682,000.
The company posted a note on its website stating,
Dear Friends,
As a result of the pending lawsuit brought by the Augusta National Golf Club, Lots 1-3 are temporarily unavailable.
We reaffirm our belief that Augusta National is attempting to assert ownership claims to every green jacket ever produced, regardless of who currently owns or possesses the jackets. Obviously, we dispute such claims. Indeed, we stand ready to litigate the matter to the fullest extent necessary.
Thank you for your support. We’re proud of our business and proud of our customers.
Related Stories:
Arnold Palmer Masters Trophy Becomes 2nd Highest Priced Golf Item
Palmer’s 1964 Masters Putter Nets $97,690 in Golf Auction
First Masters Tournament Ticket from 1934 Sets Record Price
Green Jacket from First Masters Winner Uncovered; Up for Bid
Auction Roundup: 1st Masters Champ Jacket Brings $682,229; Wilt Warriors Jersey $78,000
Sam Snead Trophies, Memorabilia Part of Heritage Platinum Night
Vintage Photo of the Day: Bobby Jones at the First Masters 1934
Driver Used by Record-Setting Sam Snead Expected to Fetch $250,000+
Notes: Stefano Joins Goldin; Dying Babe Sends Baseballs; Green Jacket Dispute
Green Jacket Auctions Suing Augusta National Golf Club
