A New Jersey auction house says it has reached a settlement in a
lawsuit over memorabilia from NBA star Kobe Bryant's high school and
early pro career.
Goldin Auctions sued in federal court last month after Bryant's lawyers wrote the company telling it to cancel the planned June auction. The Los Angeles Lakers star claimed his mother, Pamela, didn't have the right to sell the items.
In a statement Monday, the auction house says it will offer some items including jerseys worn by Bryant when he played for Lower Merion High School outside Philadelphia, his 2000 NBA All-Star Game ring and two NBA championship rings from 2000 gifted to his parents.
In all, only about 10 percent of the items originally up for auction will actually be auctioned off, with the other 90 percent taken off the table. On some of the items, including the 2000 All-Star Game ring, will see half of the winning bid be donated to charity.
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Along with taking items out of the auction, Bryant's parents had to issue a public apology.
"We regret our actions and statements related to the Kobe Bryant auction memorabilia," Joe and Pamela Bryant said in the statement provided by a publicist. "We apologize for any misunderstanding and unintended pain we have caused our son and appreciate the financial support he has provided over the years. We also apologize to Goldin Auctions for their inadvertent involvement in this matter and thank them for their assistance."
Goldin had given the Bryants $450,000 up front. That was spent on the purchase of a home in the Las Vegas area.
The Associated Press contributed to this story.
Goldin Auctions sued in federal court last month after Bryant's lawyers wrote the company telling it to cancel the planned June auction. The Los Angeles Lakers star claimed his mother, Pamela, didn't have the right to sell the items.
In a statement Monday, the auction house says it will offer some items including jerseys worn by Bryant when he played for Lower Merion High School outside Philadelphia, his 2000 NBA All-Star Game ring and two NBA championship rings from 2000 gifted to his parents.
In all, only about 10 percent of the items originally up for auction will actually be auctioned off, with the other 90 percent taken off the table. On some of the items, including the 2000 All-Star Game ring, will see half of the winning bid be donated to charity.
MORE: Jason Kidd interested in Nets' coaching job | Heat take Game 2
Along with taking items out of the auction, Bryant's parents had to issue a public apology.
"We regret our actions and statements related to the Kobe Bryant auction memorabilia," Joe and Pamela Bryant said in the statement provided by a publicist. "We apologize for any misunderstanding and unintended pain we have caused our son and appreciate the financial support he has provided over the years. We also apologize to Goldin Auctions for their inadvertent involvement in this matter and thank them for their assistance."
Goldin had given the Bryants $450,000 up front. That was spent on the purchase of a home in the Las Vegas area.
The Associated Press contributed to this story.
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