Classic Hits & Oldies

Tom Petty estate and RR Auction settle dispute over alleged stolen property

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Gary Gershoff/Getty Images for Songwriters Hall Of Fame

The estate of Tom Petty and RR Auction have reached an agreement over a planned auction the estate argued contained items stolen from the late Rock & Roll Hall of Famer.

Back in May, the Petty estate threatened to take legal action over the auction, noting the items up for sale, including jackets, hats, vests and autographed memorabilia, were taken from a secure storage archive.

But in a joint statement obtained by ABC Audio, both sides now report that “all concerns regarding the recent offering of personal clothing and items of the rock star have been resolved without litigation.” 

“The Petty family is grateful that RR Auction facilitated the safe return of the items, which have been returned to the Petty family’s secure archives,” the statement explains, “and there is currently no belief RR Auction committed or knew of any wrongdoing regarding the disputed ownership of the items.” 

The statement concludes by sharing that as part of their “gratitude” to RR Auction, the Petty family “has agreed to a select few of the belongings to be offered for auction through RR Auction.” It notes, “The family supports the upcoming sale and verifies the authenticity of the items to be offered.”

Those select items are part of RR Auction’s Marvels of Music auction, and include Petty’s ornate space-themed vest, a plaid flat cap and brown suede chelsea boots, as well as a signed copy of Damn the Torpedoes and a signed portrait taken by Richard E. Aaron.

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