-New York, NY 07/23/10- Music Mogul Damon Dash Out and About -PICTURED: Damon Dash -PHOTO by: Ken Katz/startraksphoto.com -KK_6309 Startraks Photo New York, NY For licensing please call 212-414-9464 or email [email protected]
On Monday (Aug. 19), Dame Dash hopped on Instagram to speak on his 33.3 percent stake in Roc-A-Fella Records, which will be auctioned off by U.S. Marshalls on Aug. 29 in New York City. Part of that 33.3 percent includes Jay-Z’s seminal debut album, Reasonable Doubt, which Dame’s stake in is still for sale. Jay-Z filed for ownership of the legendary project earlier this month, and will receive his rights to the LP in 2031. To incentivize buyers to continue bidding, Dame announced he’d be gifting a Roc-A-Fella chain to the person who bids over $10 million.
“So if you do wanna buy one-third of Roc-A-Fella Inc. you are gonna have to bring some bread, and anything over 10 million, I’m gonna sweeten the pot,” Dame said in the video below. “You get an original Roc-A-Fella chain from off my neck. ’Cause I was the only one that gave out Roc-A-Fella chains when Roc-A-Fella really existed. If I don’t give you the chain it’s not a legit Roc-A-Fella chain. You get one of these, this is legit. This is the old-school one from off my neck. You know like when I took one off my neck and gave one to Kanye, Cam’ron, all that.”
