Angelina Jolie fuels 'cash crisis' concerns as she auctions vintage Ferrari amid legal feud with Brad Pitt
PARIS, FRANCE: Angelina Jolie, embroiled in prolonged legal disputes with her ex-husband Brad Pitt, is sparking curiosity about her finances after putting her vintage 1958 Ferrari 250 GT Coupe Pininfarina up for auction.
Valued at around $1.3 million, this classic car will be showcased at Christie’s "Exceptional Sale" in Paris, where it is expected to be one of the key highlights.
Financial struggles behind Angelina Jolie's luxury car sale?
Radar Online has highlighted how fans have questioned if the 'Tomb Raider' star is running out of cash.
Speculations stem not only from the sale of the luxury car but also from Jolie’s ongoing high legal costs.
Her legal showdown with Pitt has spanned years, and according to sources, the 49-year-old actress and mother of six may be facing a "cash crisis" due to these lengthy proceedings.
🆕 Dating from the 70s, this Ferrari 250 GT from #AngelinaJolie will be exhibited from November 14 to 20 before its auction at Christie's, 9 Avenue Matignon 75008 Paris. pic.twitter.com/VBFv30ErNu
— Let Her Go ¯\_(ツ)_/¯ (@angeltresjolie_) October 3, 2024
The timing of her Ferrari auction aligns closely with her decision to drop a lawsuit she had filed against the FBI.
This lawsuit sought additional information through the Freedom of Information Act (FOIA) about the FBI’s investigation into a 2016 incident aboard a private flight.
Jolie had alleged that during a trip from France to California, Pitt became aggressive toward both her and their children, reportedly "choking one of the children and striking another in the face."
In a new court filing by Angelina Jolie, the actress details allegations that Brad Pitt abused her and their children on a plane in 2016.
— Pop Crave (@PopCrave) October 4, 2022
Jolie says Pitt grabbed her by the head and shook her, choked one child and struck another in the face.
🔗: https://t.co/xLYDsjcZID pic.twitter.com/ZY5osdFj1p
Pitt, however, has called the accusations "completely untrue." The FBI eventually closed the investigation in 2016 without filing charges, a decision echoed by Los Angeles’s Department of Children and Family Services.
In June, a NewsNation report estimated that Angelina Jolie received $55 million from selling her share of Chateau Miraval to Russian billionaire Yuri Sheffler, igniting a legal dispute with her ex-husband, Brad Pitt.
Brad Pitt scores legal win against Angelina Jolie in Chateau Miraval winery dispute
The legal battle between Brad Pitt and Angelina Jolie over their French winery, Chateau Miraval, has significantly favored Pitt following a recent court ruling.
Judge John W Ouderkirk of the Los Angeles Superior Court ruled against Jolie's attempt to sell her business share to a competitor without Pitt's consent, which violated their original agreement requiring mutual authorization for such transactions.
This ruling highlights the complexities of their post-divorce relationship and the challenges they face in dividing their multimillion-dollar assets.
Pitt, who owns 60% of the winery, viewed this decision as a crucial victory that protects his interests and reputation.
Brad #Pitt and Angelina #Jolie's Vineyard, Château #Miraval INSIDE French Winery... https://t.co/1jdlq2ssLN
— pebbleone (@TACITWR) May 13, 2024
They should keep working on this project together to grow the family strong as they continue through life together ...even beyond the marriage. pic.twitter.com/LLRvxAimXz
The judge emphasized the importance of adhering to the original terms established when the winery was acquired jointly.
While Jolie's legal team argued that she had the right to sell her stake as a private citizen, the judge sided with Pitt’s interpretation of the agreement, which was deemed necessary to maintain the integrity of their business relationship.
Legal experts consider this ruling a pivotal moment in the ongoing dispute, reinforcing the contractual obligations that both parties entered into regarding the management and ownership of Chateau Miraval.
Angelina Jolie's financial struggles include struggling box office returns
Angelina Jolie’s recent ventures have also taken a financial toll.
While she remains a recognized star, her shift from blockbuster movies to smaller, passion-driven projects has had limited success at the box office.
Many recent films have struggled to surpass $20 million in revenue, with Marvel’s 'The Eternals' being a notable exception, earning $400 million worldwide.
Inside look at Angelina Jolie’s shop Atelier Jolie in New York.
— K🎱 (@lyntwig_) December 7, 2023
🎥:gustavofernandezart pic.twitter.com/2pxiH64u5l
However, the film faced heavy criticism and ultimately had minimal profit margins.
Adding to the financial complexity is Jolie’s move into the fashion industry with her New York boutique, Atelier Jolie, which opened last year.
Promoted as a cultural and creative hub blending fashion with philanthropy, the boutique offers upcycled tailoring services, a gallery for local artisans, and a cafe in collaboration with refugee organizations.