Basketball legend Kareem Abdul-Jabar has prevailed in a long-standing dispute with a Beverly Hills auction house over his memorabilia. The Hall of Fame player scored big with the return of more than $1 million in memorabilia, including items as diverse as a custom-designed rocking chair, a black suede Stetson cowboy hat, a snowboard featuring Jabar’s likeness, posters and scripts from Jabar’s movie cameos “Game of Death” and “Fletch,” and ice buckets from Jabar’s final appearance at the Great Western Forum.
Yahoo! News says that the National Basketball League former MVP signed an agreement with Julien’s Auction House back in 2012, but then demanded that the auction house hand back over some of the items, claiming nostalgia and sentimental value. Both Julien’s Auction House and Jabar have prevailed in several earlier arbitrations, but now Los Angeles Superior Court Judge James C. Chalfant has ruled in favor of the basketball great, ordering Julien’s Auction House to return 152 items, valued at more than $1 million dollars. A representative for Jabar told Bloomberg that, “ [t]hese items carry great emotional significance to Kareem. He’s thrilled to have them back.”
Sports memorabilia can be some of the most valuable assets for retired professional athletes. Typically the bigger the career, the more valuable the memorabilia will be for the athlete. Whether you are a professional athlete looking to monetize your memorabilia, or just a fan with questions about the sale of merchandise, you need a knowledgeable business attorney who knows both sports and business law. Attorney James J. (“Jim”) Thomas II has more than 35 years of courtroom experience in the Atlanta area and spent many years protecting Four-time Heavyweight Champion of theWorld, Evander Holyfield’s intellectual property.Jim is a business litigation expert who can handle complex business litigation as well as analysis, evaluation, and resolution of existing and potential litigation including sports litigation. Give Jim a call at 404-869-5248 or visit www.litigationatlanta.com online.