Young Buck's Management Reportedly Buys Back Many Possessions At Auction
UPDATE: An eyewitness tells us that Young Buck's Cashville chain are among the items that associates of the rapper purchased at IRS, with plans of returning them to their original owner.
With an impending 18 month bid in prison for gun possession, it's hard to imagine that any worse news could come for Young Buck. Now, it looks like the totals have come in on a recent IRS auction of some of the former G-Unit rapper's possessions.
News Channel 5 reports that a recent IRS auction of a portion of the Nashville rapper's good pulled in a net total of $53,000. The auction included Buck's TVs, album plaques, jewelry, recording equipment and other assorted possessions.
According to the IRS, the piece that earned the highest price at the auction was Buck's 615 Cashville chain, which netted $12,600. The chain, which can be seen above in the picture, had been previously appraised at $20,000.
Last year, news broke that Buck was facing Chapter 7 liquidation. The rapper's trademarked name was also sold in the auction.
UPDATE: An eye witness at this week's IRS auction of Young Buck's possessions told HipHopDX that many of those items will be returned to the rapper. M-Eighty, a record-breaking emcee and manager to Canibus, reported that Buck's manager, G, purchased "a lot of items," including the rapper's Cashville chain. The chain takes its name from Buck's label.