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Homer added: "The rest of the sale is unaffected and will take place as normal. We respect the legal process and will make no further comment on the proceedings at this stage."
When the sale was first announced, Littleton Auctions called it a "once-in-a-generation opportunity for fans and collectors alike", but confirmed the band did not support the sale.
The auction will go ahead with memorabilia, which includes internal tour itineraries, original setlists, a band-played Epiphone guitar and an original Kangol Oasis tour Parka.
The BBC has contacted Oasis' representatives for comment.