An auction by the IRS, set to sell of several of Young Buck's personal property this week has been canceled, said reports.
Earlier this month, the IRS announced they would hold an open auction on Thursday (October 28), where the rapper's belongings -- including recording equipment, jewelry, and paintings, among others -- would be auctioned off to the public.
According to The Tennessean, the IRS canceled the sale this week after Buck's attorney filed suit to recover his property and stop the auction, saying that he would sell real estate worth $638,500 to begin repaying those taxes.
Buck took to his Twitter page (@YoungBuckMarley) to let his followers know the good news. "Sorry PEOPLE. There will be no AUCTION of my STUFF tomorrow!! Lol!! TRY AGAIN. HUH ???" he tweeted.
The rapper (real name: David Darnell Brown) owed more than $164,000 to the IRS in unpaid in income taxes, which resulted in a raid of his home back in August, where IRS agents seized several of his possessions.
Somes of the items seized included gold and platinum plaques, fine art, multiple plasma televisions, designer watches, and an assortment of faux-fur coats.
In the court docs, Buck's attorney said that the seizure caused stress with his children and family, and impeded his ability to repay the government. His attorney also added that his things were needed for the rapper's "peace of mind to maintain calmness in order to stimulate the creative juices."
An open house was scheduled Wednesday (October 27) to view the items, with an auction following on Thursday morning. But now, Buck has a chance to keep his stuff.
On a better note, Young Buck finally dropped a new album in early September, titled The Rehab. It opened at no. 55 on the Billboard 200, selling 6,400 copies in its opening week.
No comments:
Post a Comment