News: Got Buck? Footage Of Young Buck's IRS Auction Surfaces [Video]
Saturday, Jul 28, 2012 9:55AM
Footage of Young Buck's publicized IRS-helmed auctioned goods has surfaced online and shows what fans were able to get their hands on at Thursday's event.
In the video, Buck's 615 chain and recording equipment are all shown up for grabs.
In order to help settle Young Buck's massive $200,000 tax debt, the IRS auctioned off some of Young Buck's most valuable property. Items auctioned off included MPC's, hard drives (hard drives did not contain music. The IRS wiped them clean), TV's, plaques, and even his trademark 615 Cashville chain was auctioned off. Buck later bought back the 615 chain from the person who bought it. Memphis rap enthusiasts flocked to the auction in hopes of buying a piece from one of the city's biggest rappers. The IRS netted $53,000 in the auction. Contrary to reports, Young Buck's name was not auctioned off. Video courtesy of DjSeriousBidness. (Killer Hip Hop)
Although the IRS reportedly banked $53,000, reports claim Buck managed to get a majority of the property back.
An eye witness at this week's IRS auction of Young Buck's possessions told HipHopDX that many of those items will be returned to the rapper. M-Eighty, a record-breaking emcee and manager to Canibus, reported that Buck's manager, G, purchased "a lot of items," including the rapper's Cashville chain. The chain takes its name from Buck's label. (HHDX)
One of the auction's biggest sellers was reportedly Buck's 615 chain.
The Internal Revenue Service said they took in $53,000 during an auction of rapper Young Buck's jewelry, recording equipment and other seized possessions. The IRS said the highest priced item, a 615 Cashville necklace the rapper wore in some of his videos went for $12,600. It had been appraised at approximately $20,000. The agency held a preview of the merchandise on Wednesday. It included TVs, gold albums, jewelry, and recording equipment. The rapper's trademarked "Young Buck" name was also sold. (News Channel 5)
A former Buck associate weighed in with his reaction to the ex-G-Unit member's stuff getting auctioned off this week.
"He came up from the streets and I guess he made it the best way he knew how to do it and that was with his music," said recording engineer Gerald Holt who worked with Brown before he made a name for himself. Holt toured the auction items Wednesday in disbelief. "It's just hard to see him rise to the top like this and then see all of his stuff just being sold at auction," he said. (News Channel 5)
Check out the auction footage below: