OJ Simpson's Assets To Be Auctioned
Nov. 04, 1998
SANTA MONICA, Calif. (AP) _ O.J. Simpson's seized assets can be auctioned to help pay off his multimillion-dollar judgment owed to the estate of Nicole Brown Simpson and Ronald Goldman's family, a judge ruled Tuesday.
Attorneys for the Goldman family and Ms. Simpson's estate agreed to stop seeking priority over each other on access to the property. They will now jointly make claims after the auction.
An auction could be held as early as February. A lawyer for Simpson did not return a phone call seeking comment.
The most valuable item seized last year is Simpson's ``kind of beat up'' Heisman trophy, said Ira Friedman, a lawyer for Ms. Simpson's estate. The trophy is from 1968 and has some dents and scratches.
Neither Friedman nor Gary Caris, a lawyer for the Goldman family, would estimate how much money might be made on the auction of items that include lamps, paintings and other sports memorabilia. But they said it would come nowhere near satisfying the judgment.
Ms. Simpson and Goldman were knifed to death June 12, 1994. The football Hall of Famer was acquitted of murder charges in criminal court. Ms. Simpson's estate and the Goldmans then sued in civil court. A jury held him liable for the deaths and ordered him to pay $33.5 million in damages.
The Goldmans are seeking $21 million. Ms. Simpson's estate seeks $12.5 million, a share assigned by jurors in the civil trial. Ms. Simpson's father, Lou Brown, is executor of Ms. Simpson's estate; the chief beneficiaries are Ms. Simpson's two children with Simpson.
Caris said Goldman's father, Fred Goldman, who has moved out of California, is continuing to search for more of Simpson's assets that can be seized.
Friedman said it was unlikely that much more would be found in the near future.
``This works out well for all of us,'' Friedman said. ``We are finally resolving this matter.''
In addition to the Heisman trophy, other items to be auctioned include four of Simpson's No. 32 football jerseys, a commemorative medal, a commemorative bottle of wine, a Chinese wool rug, golf clubs and a golf bag, a silver fox coat and a Tiffany-style lamp.