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Rainmaker · 04-01-2017, 05:46 PM

As we are establishing rules to live by on this thread, I need to mention that the documented evidence in the aftermath of the John Rogers bankruptcy is that he purchased, perhaps fraudulently, the Brace collection from Mary Brace, but that it is fragmented and tied up in legal claims.
It was reported in the Arkansas Business News last November that Mary Brace received $585,000 of a agreed upon $1.35 million for the negatives themselves from Rogers before he defaulted, and received an additional $765,000 in a court judgement. (The agreement was that Brace was to receive digital copies of every photo, which was a standard Rogers agreement with newspapers as he acquired their holdings.) Michael McAfee, who has long been the court-appointed executor of Rogers' holdings, said that the fair market value of the Brace images was "only" $250-$300,000 and "she was grossly overpaid."
But the numerous claims against Rogers prevent Mary Brace from re-acquiring any part of the collection. As to its status, Rogers began selling off the most desirable images soon after acquiring them in 2012. Only 150,000 or so Brace images remained the the warehouse of Rogers' holdings at the time of the November article. McAfee indicated a sale of them to pay off creditors was hopefully forthcoming, and a subsequent article (see below) indicates that this sale took place in December.
The point I'm making is that it seems like it would be a stretch for any Brace photos appearing here or elsewhere would be subject to any kind of litigation, especially not from Mary Brace or the Brace family.

LINK TO ARTICLE

UPDATE:
Just found an article also written for the Arkansas Business Times on January 23 of this year indicated that the final sale of Brace photos took place in December, a court-ordered sale of the collection in December. "What was left of the original collection consisted largely of 27 double-sized shoe boxes of negatives and photos. The Digital Archive Group LLC of Lake Barrington, Illinois, led by Jeffrey Kelch, paid $46,500 for the assets."

This would indicate that the Brace collection is irreversibly fragmented and all are in the hands of non-family ownership.

04-01-2017, 05:46 PM	#13
Rainmaker Banned Join Date: May 2016 Posts: 432 Infractions: 0/1 (4)	Customs and Brace photos As we are establishing rules to live by on this thread, I need to mention that the documented evidence in the aftermath of the John Rogers bankruptcy is that he purchased, perhaps fraudulently, the Brace collection from Mary Brace, but that it is fragmented and tied up in legal claims. It was reported in the Arkansas Business News last November that Mary Brace received $585,000 of a agreed upon $1.35 million for the negatives themselves from Rogers before he defaulted, and received an additional $765,000 in a court judgement. (The agreement was that Brace was to receive digital copies of every photo, which was a standard Rogers agreement with newspapers as he acquired their holdings.) Michael McAfee, who has long been the court-appointed executor of Rogers' holdings, said that the fair market value of the Brace images was "only" $250-$300,000 and "she was grossly overpaid." But the numerous claims against Rogers prevent Mary Brace from re-acquiring any part of the collection. As to its status, Rogers began selling off the most desirable images soon after acquiring them in 2012. Only 150,000 or so Brace images remained the the warehouse of Rogers' holdings at the time of the November article. McAfee indicated a sale of them to pay off creditors was hopefully forthcoming, and a subsequent article (see below) indicates that this sale took place in December. The point I'm making is that it seems like it would be a stretch for any Brace photos appearing here or elsewhere would be subject to any kind of litigation, especially not from Mary Brace or the Brace family. LINK TO ARTICLE UPDATE: Just found an article also written for the Arkansas Business Times on January 23 of this year indicated that the final sale of Brace photos took place in December, a court-ordered sale of the collection in December. "What was left of the original collection consisted largely of 27 double-sized shoe boxes of negatives and photos. The Digital Archive Group LLC of Lake Barrington, Illinois, led by Jeffrey Kelch, paid $46,500 for the assets." This would indicate that the Brace collection is irreversibly fragmented and all are in the hands of non-family ownership. Last edited by Rainmaker; 04-02-2017 at 12:12 AM.