The Internal Revenue Service said they took in $53,000 during an auction of rapper Young Buck's jewelry, recording equipment and other seized possessions. The IRS said they highest priced item, a 615 Cashville necklace the rapper wore in some of his videos went for $12,300. It had been appraised at approximately $20,000. The agency held a preview of the merchandise on Wednesday. It included TVs, gold albums, jewelry, and recording equipment. The rapper's trademarked "Young Buck" name was also sold.
In December, a U.S. Bankruptcy Court judge in Nashville converted the bankruptcy of David Darnell Brown -- the rapper's legal name -- from a Chapter 11 reorganization to a Chapter 7 liquidation. Creditors submitted claims totaling $11.5 million, including $10 million that the label G-Unit Records said Buck owed them over a contract dispute.