RR Auction, an auction house based in Boston, withdrew 40-plus items of Tom Petty memorabilia until it can finish investigating the items' origins after Petty's family claimed they were “outright stolen.”
But on Wednesday, Petty’s family accused RR Auction of selling items that had been “outright stolen,” encouraging fans to boycott the auction and vowing to pursue “all available legal action for the immediate return of these items.” Those accusations led the Boston-based auction house on Thursday to suspend the sale of its Petty memorabilia items and secure them as “a precaution and in respectful deference to the family” as it investigates.
Later that day, a lawyer representing RR Auction said it had been cooperating with the Petty family “from the moment they reached out just days ago” and would keep doing so, despite “unnecessary hostile threats of litigation.” “We take theft allegations such as these very seriously,” lawyer Mark Zaid said in a statement, adding that “we also take seriously any defamatory allegations against our company, which has developed a stellar reputation over the last half-a-century.”
On Thursday, Zaid released a second statement, saying that RR Auction was still “aggressively investigating the … alleged theft” but had withdrawn all of the Petty memorabilia from its auction until the matter was “properly resolved.”
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