Dame Dash’s Roc-A-Fella Shares Headed to Auction After Public 'Reasonable Doubt' Pitch
Last month, Dame told fans his stake in 'Reasonable Doubt' was "for sale."
Dame Dash’s chunk of Roc-A-Fella Records is reportedly set to be auctioned off by federal officials.
Thursday, TMZ came through with a report on the latest development in connection with Dash’s stake, most notably stating that his 33.3-percent interest will be sold by way of the U.S. Marshals Service at an auction later this month. Per the report, the auction in question will be public, with potential participation requiring an opt-in for a registration process led by the lawyer behind a judgment against Dash back in 2022.
The reported minimum bid for the shares in question is said to be required to be at least $1.2 million, with the potential buyer expected to have 20 percent of the final purchase price on hand as a deposit. Put another way, this won't be cheap.
Prominently mentioned in Thursday’s report is Reasonable Doubt, the 1996 debut studio album by Roc-A-Fella co-founder Jay-Z. Just two years ago, the classic album was at the center of a legal dispute spurred by an attempted NFT sale. More recently, as in just last month, Dash told fans his stake in the album was "for sale."
Roc-A-Fella was founded by Jay-Z, Dame Dash, and Kareem "Biggs" Burke back in 1994. In February of this year, Dame was ordered to sell his label shares in an effort to balance out a debt of around $823,000. Following Dash's public plea of offering Reasonable Doubt shares for a price, Lupe Fiasco floated Drake's name when it comes to potential buyers.
"[Drake] will keep it safe for generations to come," Fiasco wrote in a since-removed social media update.
TMZ said Thursday that the Dash-focused auction will take place in Manhattan on Aug. 29. See here for more info.
