Rapper's jewelry, art sell for $53K at auction
POSTED: Monday, July 30, 2012 - 12:00am
UPDATED: Monday, July 30, 2012 - 12:04am
Nashville, TN (WSMV) — A Nashville rapper who made millions off his music lost almost everything he owned Thursday. The IRS auctioned some of Young Buck's most valuable possessions - televisions, jewelry, fur coats and even his wallet.
It was one of the largest IRS auctions ever in Nashville, and not everyone was looking for platinum records, arcade games or a Louis Vuitton gun holster. One of the hottest items turned out to be the rapper's computer hard drive.
And in a matter of minutes, the stuff fame and fortune bought was gone.
"I got an award and a painting," said auction participant George Hurd.
Tonya Horton got a coat for $300.
"It was competition, yeah. It's worth it. It's good. It's fun," she said.
Shayla Martin walked away with a huge portrait for the same price.
"Worth the money. If you're going to spend it, you're at least getting something quality," she said.
The IRS said the auction was the last resort as it tries to get the nearly $200,000 in taxes the former G-Unit star owes.
"We will sell this merchandise for as much as we can, and a lot of that will be applied toward the tax debt," said Dan Boone, with the IRS.
Perhaps the hottest item of the day was the rapper's signature Cashville diamond necklace, which sold for just more than $12,000.
"It makes money. It scraps for $13,500 in gold," the purchaser said.
But the most heated bidding was over a hard drive. Everyone believed it might contain the platinum-selling artist's unreleased music, but it turns out the buyer - who spent nearly $3,000 - didn't realize the IRS had already wiped it clean of its contents.
"It's worthless. It's worth about $100 now," its purchaser said.
The auction brought in a total of $53,000. All of the items sold were taken when agents raided Young Buck's home in Hendersonville two years ago.
At that time, they also found guns and ammunition, which is why the rapper - whose real name is David Brown - will soon begin serving a year-and-a-half prison term for being a convicted felon in possession of weapons.
The rapper is set to report to prison by Aug. 13.
Other items sold at the auction included a Breitling Bentley watch, recording studio equipment, art work and a Titans refrigerated soda machine.
An inventory of the auction items and photographs can be viewed at: http://www.treasury.gov/auctions/irs/natn_anti_6125.htm.
Young Buck took to Twitter on Thursday to say he "bought back the highest thing they auctioned off," referring to the diamond 615 necklace.
He also tweeted he has a mixtape album coming out in three weeks called The Auction.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.