Please ensure Javascript is enabled for purposes of website accessibility

Lot #913
Heart

After a two-year deliberation, Heart receives $85,000 in back royalties from Capitol Records

This lot has closed

Estimate: $0+
Sell a Similar Item?
Refer Collections and Get Paid
Share:  

Description

After a two-year deliberation, Heart receives $85,000 in back royalties from Capitol Records

DS, signed “Ann Wilson,” “Nancy Wilson,” and “Howard Leese,” four pages, 8.5 x 11, April 2, 1995. Settlement agreement between the members of Heart and Capitol Records, in which “Capitol disputes such claims” of back royalties owed to the band after a 1993 report is issued by the band’s auditors, confirming discrepancies in the label’s financial dealings, “covering account periods from October 1, 1978 through September 30, 1991.” Capitol, “Without admitting the validity of or liability for any such claims…desire to compromise and settle the claims released hereunder…Capitol agrees to pay Artist…the sum of $85,000, and Artist agrees to accept said payment in full and complete settlement of all claims which Artist may now or hereafter have against Capitol with respect to all royalties including without limitation record royalties and mechanical royalties…required to be paid to them for any period from October 1, 1987 up to an including September 30, 1991.” Two horizontal folds, one lightly affecting the Wilsons’ signatures, a crease to the top left corner, and two punch holes to the top edge of each page, otherwise fine condition. A triumphant settlement for the Wilson sisters, awarded the same year Nancy took time away from the band to concentrate on her family. Pre-certified PSA/DNA and RR Auction COA.

Auction Info

  • Auction Title:
  • Dates: #385 - Ended April 26, 2012





This item is Pre-Certified by PSA/DNA
Buy a third-party letter of authenticity for $50.00

*This item has been pre-certified by a trusted third-party authentication service, and by placing a bid on this item, you agree to accept the opinion of this authentication service. If you wish to have an opinion rendered by a different authenticator of your choosing, you must do so prior to your placing of any bid. RR Auction is not responsible for differing opinions submitted 30 days after the date of the sale.