Jay-Z – Source: ANP / Getty
Despite Dame Dash’s ownership of Roc-A-Fella hitting a government auction soon, Jay-Z is making sure that he’ll own his Reasonable Doubt album in 2031.
Following the fallout of producer Josh Webber winning a court settlement against Dame Dash, his 1/3 ownership of Roc-A-Fella records will soon hit the auction block.
The United States Marshal Services will hold the auction on August 29 inside a Manhattan hotel with a minimum bid of $1.2 million and a $240,000 deposit. As you can imagine, some potential buyers are eager to own a piece of Hip-Hop history but they’ll face a speed bump thanks to Jay-Z.
According to TMZ, Jay-Z is issuing a “buyer beware” notice to let any hopeful bidders know his album Reasonable Doubt will soon return to him. The album is reportedly the only real asset of Roc-A-Fella Records and is likely the prized possession that comes with Dame’s 33.3%.
TMZ reports that in recent weeks Jay-Z’s lawyers filed a legal notice to make it official the album’s ownership will revert to him in 2031.
This could have a big implication on how high the auction will go because the potential buyer will only receive revenue for six years.
Now we’ll just have to wait and see how the auction plays out.