In a new video posted on Dame Dash’s America Nu Network YouTube channel, the Harlem businessman shared his thoughts on the controversial auction of his Roc-A-Fella shares.
Dame Dash disclosed that the recent auction was largely a failure, with little to no interest from potential buyers. According to Dash, the only parties in attendance were lawyers for Jay-Z, the state of New York, and the crew initially suing him.
Dash was notably absent from the auction, which coincided with his son’s birthday. He had hoped to see the matter resolved quickly.
The state of New York made a $1 million bid, ultimately winning the auction in a continued effort to collect the $8 million in back taxes Dash owes. Dash expressed his frustration, noting that the auction did not attract the expected attention, despite the significant cultural value of the Roc-A-Fella brand.
He reflected on how he assumed people would be more interested in purchasing the shares, especially given Jay-Z’s prominent status in the music industry. Instead, the auction went largely unnoticed, leaving Dash disappointed.
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Drake’s $6m offer to Dame Dash
Further complicating matters, Dash claimed that Drake had previously offered to purchase his shares for $6 million. However, after making the offer via direct message, the rapper seemingly vanished, leaving Dash confused and frustrated.
Although Dame Dash has not provided further details, it appears the deal never materialized, adding another layer of uncertainty to the already tumultuous situation.
This failed auction comes after a series of bold moves by Dash, including offering an original Roc-A-Fella chain to anyone willing to bid more than $10 million.
That offer, too, failed to generate serious interest. There has also been speculation about whether Jay-Z might eventually gain control of the Roc-A-Fella catalog, including the highly valuable album Reasonable Doubt, which could have discouraged other potential buyers.
However, a judge recently clarified that the auction only concerned Dash’s one-third share in Roc-A-Fella itself, not the company’s catalog, and refused to rule on the future of Jay-Z’s ownership stake.
