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Dallas auction house claims multi-million dollar reputation damaged
05:54 PM CST on Thursday, February 14, 2008
Heritage Auction house, based in Dallas, says the negative publicity of auctioning questionable Hollywood memorabilia has damaged its multi-million dollar reputation. It is now suing the company that provided the items for sale.
Heritage is the third largest auction house in the world. It sold more than 20 items that it advertised as having once belonged to Hollywood stars.
Those pieces were provided by a company called LA Prop. Heritage says LA Prop knowingly made false representations about the authenticity of the items.
Heritage wants to recoup the $30,000 it's now spending to refund customers that bought the items.
It's also suing to recover on the damage to reputation which, it says, are far more significant.
LA Prop says the items in question are authentic, and it bought them in 2002 from a collector in Los Angeles but could not provide the man's address or telephone number.
Heritage has apologized and says the items in question represent a very small part of its business, just 7-minutes worth for all of 2007.
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