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A federal judge is refusing to wade into whether Jay-Z can use copyright termination to retake control of the rights to his debut album Reasonable Doubt — meaning that the complex issue won’t be resolved before a court-ordered auction of Damon Dash’s one-third stake in the company that owns the album.
The judge had been asked to decide that tricky question because of allegations that Jay-Z was using “false” threats of a looming termination to drive down the auction price for Dash’s stake in Roc-A-Fella Records Inc., which controls the rights to the famous album.
But in a ruling Monday (Sept. 30), Judge Robert W. Lehrburger flatly refused to do so — saying he had no legal power to add complicated questions of copyright law to the already-messy fight over Dash’s stake.
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“The asset that is the subject of the auction is Dash’s one-third interest in RAF [Roc-A-Fella] itself, not the work owned by RAF,” the judge wrote. “The Court does not presently have jurisdiction over the validity of Carter’s copyright termination notice.”
As early as next month, the U.S. Marshals Service will sell off Dash’s 33.3% interest in Roc-A-Fella Inc., an entity whose only real asset is the sound recording copyright to Reasonable Doubt. The rest of the storied label, which Dash co-founded with Jay-Z in 1994, is not involved.
Though the court-ordered auction was originally intended to pay off an $823,000 judgment in a civil lawsuit, it has since expanded to include other Dash creditors. New York City’s child services agency wants some of the proceeds to go toward more than $193,000 that Dash owes in unpaid child support; New York state says they must pay down roughly $8.7 million that Dash owes in back taxes and penalties.
The owners of the other two-thirds of Roc-A-Fella — label co-founders Jay-Z (Shawn Carter) and Kareem “Biggs” Burke — have already attempted to stop the auction, including making changes to the company’s bylaws and intervening in the lawsuit. But a federal judge rejected such opposition in February, and the sale could take place as early as this month.
As the auction has approached, one major unresolved question for any potential buyer is just how long Roc-A-Fella will continue to own its only real valuable asset.
The so-called termination right, a provision created by Congress in the 1970s, empowers authors to reclaim ownership of copyrighted works decades after they sold them away. If Jay-Z is eligible for it, termination would allow him to take back the rights to his sound recording of Reasonable Doubt roughly 35 years after he released the album, meaning 2031. That would set a clear time limit on the amount of revenue a Roc-A-Fella buyer would derive from their investment.
But last month, attorneys for New York City filed court papers arguing that Jay-Z was not, in fact, eligible for termination — and that he and others were using “false” threats of an approaching termination to drive down the price of Dash’s stake in his company.
“Jay-Z’s statements to the press have poisoned the environment for the auction,” wrote Gerald Singleton, an attorney for the city, asking the judge to halt the auction and issue a ruling on whether or not Jay-Z could use termination to win back control of Reasonable Doubt.
Days later, Jay-Z lawyer Alex Spiro responded that there was “no merit to NYC’s accusations,” and that the Dash case was not the proper place to decide Jay-Z’s rights to the album: “Put simply, this is not the appropriate time, forum, or case to litigate any issues relating to Jay-Z’s notice of termination.”
In Monday’s ruling, Judge Lehrburger agreed with Spiro and Jay-Z: “[NYC]’s motion to stay the auction for purposes of having this court determine the validity of the copyright termination notice filed by Shawn Carter a/k/a Jay-Z in connection with the work Reasonable Doubt, an asset owned by RAF, is denied.”
The judge also rejected New York City’s attempt to conduct discovery into Roc-A-Fella’s holdings, saying that kind of investigation was also beyond the scope of the current litigation. An attorney for the city declined to comment on the order.
The auction is currently scheduled for Oct. 21, but it has been postponed multiple times and could be delayed again. A minimum purchase price has been set at $3 million.
A man in Ellis County, Texas, is going viral after he bought an autographed guitar for $4000 at an auction only to destroy it. In the clip shared by TMZ, the white-haired man is seen grabbing the guitar and repeatedly hitting it with a hammer while the crowd cheers. He then looked as though he […]
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Lil Wayne’s penmanship is worth more than he probably ever imagined. His old rhyme book is going to be auctioned for $5 million dollars after a long legal battle.
As reported on Digital Music News, the New Orleans, Louisiana, native will see some of his earliest work go to the highest bidder. This week, memorabilia site Moments In Time announced that they will be moving forward with the selling of a notebook he used during the 1990s as a member of the Hot Boys. In it are lyrics he penned for several of the group’s classic songs including, “Grown Man” and “We On Fire.” Additionally, the company states that it also includes drawings of what appears to be Mannie Fresh, but this has yet to confirmed.
According to TMZ, the notebook was in a car owned by someone associated with Cash Money Records. Legend has it when the dealership took back the car an employee emptied the vehicle out and held onto the book. The man stored the collectible in his garage, but then Hurricane Katrina hit the city in 2005 causing severe water damage to the item. This is not the first time the memorabilia site has tried to sell off the notebook. Back in 2019, the personal item went on the block for $250,000, but Lil Wayne filed a cease and desist stopping Moments In Time from selling it. Almost five years later, a judge has granted the company the right to proceed with the sale.
You can read more about the Lil Wayne book of rhymes auction here.
A rare collection of Michael Jackson‘s signed drawings will be auctioned off on August 3. The 78 sketches made using wax pencils and pastels, as well as watercolors include images of the singer in a Jedi-style robe, as well as drawings of chairs, Michelangelo’s David, a number of U.S. presidents, Peter Pan, pop art icon Andy Warhol, Walt Disney, Marilyn Monroe and Queen Elizabeth II.
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“Get ready to own some of the most coveted pieces of art by one of the biggest music icons in the world,” reads a description from auction house Kings Auctions. “These one of a kind pieces of art aren’t just an investment, they are your chance to own a piece of music history.”
The sale will take place at an as-yet-undisclosed location in Los Angeles next month. “He was influenced by many art genres, from classical and architectural to pop art and even formal portraiture. He also had a great fondness for London and British customs,” the auction house added of the sketches, all of which are signed and some of which are double-sided.
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The unique auction will feature one mega-lot, Lot #1, which requires an opening bid of $1 million for the entire collection. If a bidder meets that price then the auction will be over right away; otherwise each piece will be sold separately.
“Deemed ‘The Museum Collection’ because of its rare nature, these artworks by Jackson are as intimate as you can get. His inspirations are clearly communicated in each piece, each unique and reflective of the various times in the artists life,” Kings said in describing the works created by the singer who died in 2009 at age 50. “The featured piece will likely be the sketch of Martin Luther King which is a generous 36″ x 48″ in size. It is of course worthy of museum status. Other drawings include portraits of presidents and celebrities, himself, as well as Disney characters, abstracts, and more.”
In describing Jackson’s lifelong obsession with sketching, Kings said, “Jackson’s love for drawing started at an early age. When he was older he sought guidance from world renowned artists to fine tune his talent resulting in these rare pieces of art. Despite being known for his talent in music and dance, it is clear that Jackson had an innate talent for visual art as well.”
Browse the collection here to see images Jackson sketched of shoes, doors, chairs, keys, bi-planes, the gates of his Neverland Ranch and flowers. The auction will be co-hosted by Selling Sunset‘s Bre Tiesi and an as-yet-unnamed special surprise host.
An iconic acoustic guitar used by John Lennon during the 1965 sessions for the Beatles’ Help! album set a new record on Wednesday (May 29) when it sold for $2.9 million at a Julien’s auction. The auction at the Times Square Hard Rock Café where the 1964 Framus Hootenanny acoustic guitar went under the gavel […]
Like anyone who’s been in the game for more than three decades, Snoop Dogg has accumulated a lot of Doggy Dogg… stuff. But unlike a lot of other famous folks, pretty soon it’s going to go under the gavel in a novel celebrity auction via sports-and-music auction house the Realest in which Snoop is directly […]
There are few tropes better than love triangles — especially when they involve three rock icons. From March 8-21, auction house Christie’s will host an online auction of items from the personal collection of British photographer and model Pattie Boyd, who served as a muse for both George Harrison and Eric Clapton.
Deemed as “one of the greatest muses in rock history” by Christie’s via a press release on Monday (Feb. 26), Boyd inspired a plethora of songs between the two musicians. Boyd was married to Harrison during the peak of Beatlemania, the band’s foray into psychedelia and post-breakup (1966-1977). Harrison’s Boyd-inspired Beatles tracks include “I Need You” (1965) and Billboard Hot 100 chart-toppers “Something” (1969) and “For You Blue” (1970).
Clapton, a close friend of Harrison’s, pursued Boyd for years via a series of love letters, some of which are available at the auction. “I am writing this note to you, with the main purpose of ascertaining your feelings toward a subject well known to both of us,” he opens one letter. “What I wish to ask you is if you still love your husband, or if you have another lover? All these questions are very impertinent I know, but if there is still a feeling in your heart for me… you must let me know!”
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By 1974, upon discovering his multitude of extramarital affairs, Boyd left Harrison. Five years later, she and Clapton married, eventually splitting in 1987 due to substance abuse issues and infidelity. In Clapton’s catalog, Boyd can lay claim to inspiring “Layla,” the 1971 No. 12 Hot 100 hit, which was inducted into the Grammy Hall of Fame just 27 years after its release (1998).
For her part, Boyd believes auctioning off these items (which include photos of herself, Harrison and Clapton, as well as postcards, telegrams and letters) is a part of her healing journey.
“I thought, ‘Do I need them? Do I need to keep going into Pandora’s Box?’ I’ve enjoyed them for many, many years, and now it’s time for other people to see and enjoy them. It’s only right I should pass them on,” she mused to Christie’s, where items will be on display at Christie’s in London from March 15-22.
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Retro Jordan sneakers may be struggling to move out on the secondary market these days, but actual game-worn Jordan sneakers are still fetching some pretty big bucks on the auction block.
Nice Kicks is reporting that a collection of game-worn Air Jordan sneakers that his Airness wore during his historic championship run the the 1990s fetched quite a pretty penny. The “Dynasty Collection,” which featured six different pairs of Air Jordan sneakers (VI, VII, VIII, XI, XII and XIV) that Michael Jordan wore when he clinched his six NBA Championships sold for a staggering $8 million in a global auction that was held by Sotheby’s. Keep in mind, these were single sneakers; they weren’t even paired up, but they were game-worn and autographed by the greatest of all time.
Nice Kicks reports:
This remarkable accomplishment positions the Dynasty Collection as the second most valuable Michael Jordan memorabilia ever auctioned, trailing only behind Jordan’s iconic 1998 NBA Finals Game 1 jersey from the renowned ‘Last Dance’ season. The jersey fetched an astonishing $10.1 million at a Sotheby’s auction in September 2022, still holding the world record for any game-worn sports memorabilia. Additionally, Sotheby’s retains the record for the highest-selling pair of sneakers, with Michael Jordan’s 1998 NBA Finals Game 2 Air Jordan 13s from ‘The Last Dance’ season, which netted $2.2 million in April 2023.
“Today’s record-breaking price is a testament to the GOAT. The Dynasty Collection undeniably ranks among the most significant compilations of sports memorabilia in history. Serving as both a reminder of Michael Jordan’s lasting impact on the world and a tangible expression of his recognized legendary status, its significance is further validated by this monumental result.”
Naturally, the buyer’s identity is being withheld as Sotheby’s doesn’t want to put a target on anyone at this point. But whoever dumped $8 million to own a piece of sports history must have pockets as deep as Jay-Z because dayumn!
Check out pics of the “Dynasty Collection” below, and let us know if you’d drop $8 million on these if you had it like that in the comments section.
The annual MusiCares Charity Relief Auction will take place live for the first time ever from the Grammy Museum in Los Angeles (and online) on Feb. 4. The event that will unfold on the same day as this year’s Grammy Awards will feature a stellar selection of one-of-a-kind items from many of this year’s nominees, as well as some other past Grammy-winning stars.
Among the more than 75 unique collectibles on the list are late Fleetwood Mac singer Christine McVie’s Yamaha C3 “Songbird” baby grand piano (estimate: $20,000-30,000), which she played on stage for two decades during the band’s concert encores. Bidding will also take place on a Baby Taylor Swift model acoustic guitar (estimate: $5,000-$7,000), a signed hardcover edition of Paul McCartney’s two-volume The Lyrics: 1965 to Present (estimate: $1,000-$2,000) and Metallica singer/guitarist James Hetfield’s signed black ESP LTD Vulture electric flying V guitar (estimate: $4,000-$6,000).
Other items on the auction list include:
— Harry Styles’ 1999 Gretsch White Falcon hollow-body electric guitar, signed and dated 2023 with a heart and swirl drawing
— Cure singer Robert Smith’s black RS-1000 Stage Artist Edition signature Schecter acoustic guitar — played on stage at the band’s May 2023 Hollywood Bowl show
— A pair of Dr. Dre’s all-white Nike Air Force 1 Low ’07 signed sneakers
— Eagles guitarist Joe Walsh’s signed 2015 Fender Hot Noiseless Stratocaster guitar from his personal collection
— Bad Bunny signed 2011 Schecter Diamond Series model T S/H-1 semi-hollow body guitar
— Lionel Richie’s gold sequined performance bomber jacket featured “All Night Long” in white Swarovski crystals across the back
— Guns N’ Roses guitarist Slash’s signed 2023 Gibson Les Paul Anaconda Burst guitar with green flame maple top with Slash’s “Scully” doodle
— Coldplay singer Chris Martin’s colorful handwritten setlist from the band’s show at the Rose Bowl in Pasadena in Oct. 2023
The auction will also feature signed “Cleopatra” lyrics from the Lumineers, Eagles guitarist/singer Don Felder’s 2010 Gibson guitar, DJ Khaled’s signed Les Paul studio guitar, Willie Nelson and Friends signed 2023 Martin D-10 acoustic guitar (featuring the signatures of Nelson, Kris Kristofferson, Sheryl Crow, Bob Weir, Snoop Dogg, Beck, Tom Jones and more), Jon Batiste’s signed Hohner Instructor 32 melodica and James Brown’s custom-tailored navy jacket with blue and black floral brocade lining and an embroidered label featuring the late soul singer’s name, plus more items to be revealed in the coming weeks.
There are four ways to bid for the items, including online and live in real time here, over the phone, in person at the auction site and an advance absentee bid available here. In addition to the Julien’s and MusiCares sites, the livestream will fun on YouTube, Facebook and Instagram Live.
All auction proceeds will benefit the MusiCares program, which provides the music community with services in physical and mental health, addiction recovery, unforeseen personal emergencies and disaster relief.
The 2024 Grammy Awards are set for Feb. 4 at Crypto.com Arena in Los Angeles.
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A few years ago, Spike Lee donned an ultra-exclusive pair of gold Air Jordan 3s custom made by the Jumpman brand for his big night at the 2019 Oscar Awards, and apparently someone chucked them to a donation bin.
Artnet is reporting that one of the holiest of sneaker grails found their way into a donation bin at an Oregon homeless charity earlier this year, via an anonymous donor, and will now be put on the auction block for a King Kong sized grip. Who could’ve done this? How did these end up getting donated? Are they fake? While the first two questions remain to be answered, the third already has been.
Per Artnet:
In a blog post, the Portland Rescue Mission explained how a volunteer found the shoes while sorting through donations which drop down through a chute. “Obviously they must be fakes, we thought, because why would the real thing end up in our donation bins?” said Erin Holcomb, the director of the program.
Holcomb explained that they took the shoes to a “high end sneaker resale shop” to get its opinion on their authenticity, and that the owner “offered to buy them from me on the spot for $10,000 or to consign them in his store for a potentially larger return.” Holcomb did further research and found that another pair had been auctioned by Sotheby’s in 2021 and sold for $47,880.
Y’all know when an authenticator offers you that kind of money, they’re 100% official tissue. Knowing that they could fetch much more for the Portland Rescue Mission, Holcomb organized with Sotheby’s auction house to have the sneakers included in their Dec. 18 auctions, which featured “some of the most sought-after collectibles and sneakers in existence.”
Not only did the sneakers sell for a whopping $50,800 (after expecting to fetch between $15,000 – $20,000), but Sotheby’s was kind enough to wave their fee so that 100% of the money could go to the Portland Rescue Mission.
You gotta love it.
While we may never know who dropped off these grails in the donation bid, in the end, it turned out to be quite the Christmas gift for an important organization.
More from Artnet:
No one knows who donated the shoes. Tinker [Hatfield] has said that he is “thrilled the shoes ended up here. It’s a happy ending to a really great project.”