Monday, December 15, 2014
in a predictable turn of events, following the assertion of claims by the estates of jack kerouac and neal cassady over ownership of the letter and contents thereof, respectively, the auction of the "joan anderson" letter scheduled for december 17 has been canceled (or indefinitely postponed). shortly after news that the letter was miraculously found - and would be auctioned off - the kerouac estate claimed ownership of the letter and sought "an agreeable split of the proceeds." with no agreement reached (estimates of the letter's value ranged from $300-500,000), the auction house, "profiles in history," canceled the auction and announced that it would institute legal proceedings to judicially resolve the various ownership claims to the letter.
stay tuned as the saga of the "joan anderson" letter continues to unfold.