Dame Dash claims Drake offered $6 million for his Roc-A-Fella shares, but “disappeared.”
In a recent video uploaded to Dash’s America Nu Network YouTube page, the Harlem businessman talked about the controversial auction. “So, the auction happened yesterday and basically no one showed up,” he began. “Only Jay‘s lawyers, the state [of New York], and the crew that was initially suing me.” He then mentioned that he wasn’t there because it was his son’s birthday and that he “just wanted this thing to be done.”
According to the New York Post, the state of New York made a $1 million bid and won as they continue to try and collect the $8 million in back taxes Dash owes the state. “No one showed up,” Dame reiterated. “And the state made a bid for it and that’s really what it was worth.” He then continued by throwing some shade towards his former business partner Jay-Z, “What this really taught me was that, in the world, homie isn’t as big as he portrayed. I thought more people would be interested in buying it because of the art value of it. And that’s the only thing I was selling, because of how everyone portrays they love this dude… I thought people would at least show up. No one even showed up.”
Dash then revealed Drake made a hefty offer over DM, but went ghost. “At the end of the day, I don’t really understand it,” he said of the situation. “My child support, I guess, will get paid. And in my mind, I wasn’t getting any of that bread anyway. If I could sell it, I thought people really loved homeboy, pause, way more than they did. People did not show up. Drake did put a bid in for $6 million but then he disappeared. It’s in my DM… I don’t know what happened. But other than that, no serious people. No one wanted that sh—t. Period.”
Back in August, Dame offered an original Roc-A-Fella chain to anyone who bids over $10 million, but obviously that scenario never came to fruition. Also, there have been rumors swirling about whether or not Roc-A-Fella Inc.’s main asset Reasonable Doubt would eventually land in the hands of Jay-Z, ultimately scaring potential buyers off. However, a judge refused to give a ruling in that regard. “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.”
You can watch the full video below.
Engaging Introduction
Dame Dash recently disclosed that Drake offered $6 million for his Roc-A-Fella shares but mysteriously vanished, shedding light on the intriguing events surrounding the auction. In a candid video on Dash’s America Nu Network YouTube channel, he delves into the details of the auction and the surprising lack of interest from potential buyers, including a significant bid from the state of New York. Let’s explore the twists and turns of this fascinating saga.
Dame Dash’s Revelations
During the auction, which saw minimal attendance, the state of New York made a $1 million bid in an attempt to recoup the $8 million in back taxes owed by Dash. Despite expectations of a lively bidding war, only a few parties, including Jay-Z’s lawyers, showed up. Dash expressed his surprise at the lack of interest, especially considering the sentimental and artistic value he believed the shares held. He also took a subtle dig at Jay-Z, highlighting the discrepancy between perception and reality in the music industry.
Drake’s Disappearing Act
One of the most intriguing aspects of the auction was Drake’s offer of $6 million for Dash’s shares, made via direct message. However, Drake’s sudden disappearance left Dash puzzled and questioning the authenticity of the bid. Despite this significant offer, the lack of serious buyers and overall disinterest in the shares was evident throughout the auction process.
Rumors and Speculations
Amidst the auction drama, rumors circulated about the fate of Roc-A-Fella Inc.’s main asset, Reasonable Doubt, and its potential transfer to Jay-Z. These speculations, coupled with legal complexities surrounding the auction, added to the uncertainty and deterred prospective buyers. Despite these challenges, a clear resolution on the ownership of the shares remains elusive.
Conclusion
The auction of Dame Dash’s Roc-A-Fella shares showcased a mix of unexpected twists and unfulfilled expectations. From Drake’s fleeting offer to the underlying legal disputes, the saga highlights the complexities of the music industry and personal relationships within it. As the dust settles on this chapter, the lingering questions about the future of Roc-A-Fella Inc. and its assets remain unanswered.
FAQs
Q: What was the highest bid for Dame Dash’s Roc-A-Fella shares?
A: Drake reportedly offered $6 million for the shares, but the bid did not materialize into a successful transaction.
Q: Why did the state of New York place a bid for Dash’s shares?
A: The state of New York made a $1 million bid to recover the $8 million in back taxes owed by Dash, highlighting the financial stakes involved in the auction.
Credit: www.billboard.com
