News: Young Buck's IRS Auction Items Revealed, "The 615 Cashville Necklace Is The Most Valuable Piece"
Wednesday, Jul 25, 2012 10:42PM
Less than 24 hours away from Young Buck's jewelry and seized possessions getting ready for auction, a detailed listing of what is up for grabs has come to light.
According to reports, Buck's most valuable item is one of his necklaces.
Music City may be known for country, but when it comes to hip hop, Young Buck - legally David Darnell Brown - gave Nashville a different rhythm. That's why Thursday's auction is hard for a fan, like James Miller, who hopes to pick up recording equipment. "Growing up in Nashville he was sort of a legend, an icon so it's very sad to see him end up this way," Miller said. TVs, gold albums, even Brown's signature jewelry are all available. "The 615 Cashville necklace is the most valuable piece," said IRS spokesman Dan Boone. "It's appraised at approximately 20-thousand dollars." (News Channel 5)
A former Buck associate weighed in with his reaction to the ex-G-Unit member's stuff getting auctioned off.
"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)
Reports of tomorrow's scheduled auction surfaced online in early July.
The agency said the sale will be held in Nashville and a preview of the merchandise is scheduled for July 25. The items can also be seen online here. In December, a U.S. Bankruptcy Court judge in Nashville converted the bankruptcy of David Darnell Brown - the rapper's legal name - from a Chapter 11 reorganization to a Chapter 7 liquidation. The trustee administering his estate said she planned to sell the trademarked "Young Buck" name along with other assets seized for non-payment. Creditors submitted claims totaling $11.5 million, including $10 million that the label G-Unit Records said Buck owed them over a contract dispute. (WRCB TV)
In April, his ex-boss 50 Cent tried to block the sale of Buck's assets so he could straighten out what actually belonged to him.
Attorneys representing 50 Cent and his G-Unit Records say a recent motion to sell Young Buck's intellectual property in a bid to pay his creditors, which we previously covered, doesn't disclose the specific assets up for grabs. That's a problem for 50 Cent, who signed Young Buck to his label in 2004, who says their still-standing recording agreement covers just about all of the IP. As a result, the rapper behind such hits as "In Da Club" and "Candy Shop" is asking a bankruptcy judge to block the sale until they can work out just what Young Buck is--and isn't--allowed to sell. (Wall Street Journal)
Check out a recent Young Buck interview below: