IRS To Auction Young Buck’s Possessions!

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The IRS will auction off a number of items belonging to David Darnell Brown or the rapper known as Young Buck (pictured) on July 26.  The artist’s tens of thousands of dollars in belongings were seized by the feds in 2010 for failure to pay federal income taxes in 2006 and 2008, reports the Nashville Business Journal.

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A judge converted Brown’s bankruptcy from a Chapter 11 reorganization to a Chapter 7 liquidation last December.  So when Brown’s home was raided, agents carted away everything from jewelry to art work to recording equipment to electronics. In addition, his diamond-encrusted Cashville chain and his 50 Cent platinum plaques were also taken.

Not only will the rapper’s physical possessions be auctioned off, but he will no longer have intellectual property rights as well: both the publishing rights to his music catalog and the rights to his nom de guerre are set to be sold.

The preview of Brown’s items is scheduled a day before the actual auction and interested parties can also view the performer’s loot online at Young Buck IRS Auction.  As if it couldn’t get any worse for Brown, creditors also submitted claims that the rapper owed them $11.5 million, including $10 million from the record label G-Unit, which states that he owes them the monies as a result of a contract dispute.

The proceeds from the sale will go to the debtor’s creditors in the order of their priority.

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