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A couple of weeks ago, a piece of Hollywood history was placed on the auction block by a local prominent auctioneer and sold to the highest bidder in front of a large crowd at Varnum Armory that was eager to claim it at the right price.
However, Hollywood has now come calling for that particular piece and is willing to take the matter to court.
The Academy of Motion Picture Arts and Sciences has filed a complaint with Los Angeles County Superior Court against East Greenwich-based Briarbook Auctions and the heirs of famed art director Joseph Wright over the sale of a 1942 Oscar statue back on June 23, claiming breach of contract, inference of contract declaratory relief and breach of equitable servitude.
The lawsuit, which was filed on July 1, was confirmed by Gary E. Grans, a representative of the Los Angeles-based firm Quinn, Emanuel, Urquhart & Sullivan, LLP â€“ the firm representing the Academy of Motion Picture Arts and Sciences â€“ via telephone late last week.
For more of this story pick up a copy of The East Greenwich Pendulum.