Update On Sale Of The NWA Title - Things Getting Messy

Here is the latest on the sale of Ric Flair's NWA Title. As it turns out, Highspots.com may not be able to sell the belt because of a third party that has the rights to it. It turns out that Flair had previously used the title as collateral on another loan that has not been paid back. Flair and Matthews (North Carolina corporation Conbraco Industries, Inc) jointly filed a secured loan through a Universal Commercial Code (UCC) document. This document created a lien against Flair's property, which would prevent him from selling it off without first settling the debt with Conbraco. Conbraco contacted Highspots to inform them of their agreement with Flair, and that they could legally pursue any money raised from the sale of the belt to pay off Flair's debt. Highspots has removed the auction from their website.

The following items were listed as collateral in the agreement with Conbraco:

* Flair's NWA championship belt (specifically listed as original)
* Flair's WCW championship belt (specifically listed as replica)
* Flair's "wrestling robes, trunks, and boots"
* Flair's "Wrestling Hall of Fame ring"
* Flair's "Presidential Rolex, inscribed with "To Be The Man."
* Flair's "framed magazine covers, which include his likeness."
* A 4x3 autographed poster of Michael Jordan
* A 4x3 autographed poster of Vince McMahon and Flair.
* A framed, personalized Kevin Green jersey.
* Commercial claims arising from a previous lawsuit Flair was involved with.
* Additional "proceeds and products."