Kobe, parents reach settlement over memorabilia auction

Monday June 10th, 2013

Kobe Bryant could have lost two NBA Finals rings in an auction scheduled for this month. (Photo by Andrew D. Bernstein/NBAE via Getty Images) Kobe Bryant had over 90 percent of his memorabilia removed from an auction scheduled for this month. (Photo by Andrew D. Bernstein/NBAE via Getty Images)

Kobe Bryant sued his parents to prevent them from auctioning some of his most valuable memorabilia, and he got around 90 percent of the items removed, according to ESPN.com and the Associated Press.

Bryant sued Goldin Auctions and told the company to cancel its June auction. The Los Angeles Lakers guard said his mother, Pamela, did not have the right to sell his memorabilia. Only six items remain in the auction.

From ESPN.com:

Bryant's parents, who had contracted with Goldin to sell the items, apologized in a written statement.

"We regret our actions and statements related to the Kobe Bryant auction memorabilia," Joe and Pamela Bryant said in the statement provided by a publicist. "We apologize for any misunderstanding and unintended pain we have caused our son and appreciate the financial support he has provided over the years. We also apologize to Goldin Auctions for their inadvertent involvement in this matter and thank them for their assistance."

Goldin Auctions said they can still make more than $500,000 combined from the items still available for auction. The auction house said that auction will include jerseys worn by Bryant when he played for Lower Merion High School, two NBA championship rings from 2000, and his 2000 NBA All-Star Game ring. Bryant's parents received $450,000 up front from Goldin.

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.