Dame Dash is offering a Roc-A-Fella chain for anyone who brings forward a legitimate bid to buy his shares in the company whose main asset is Jay-Z’s Reasonable Doubt album.
In anticipation of Dash’s impending auction, in which he will be selling off his portion of the iconic album, Hov’s legal representatives recently filed a document warning potential bidders. The minimum price to be eligible to participate in the sale is $1.2 million, and the auction is set for August 29. The ownership rights to the album are set to be reverted back to the rapper in 2031.
The notice informs potential owners of Dame’s stake that they will only be able to profit from Reasonable Doubt revenues for about six years as after that, the master recordings for the album will revert back to Jay, granting him full ownership under Section 203 of the Copyright Act.
Dame is however, going forward with his campaign and even trying to make the deal sweeter.
“I’ve gotten a lot of calls, a lot of offers from people I don’t know,” Dash told his Instagram followers. He then threw some shade towards those who have tried to talk down the $10 million asking price. “It would be because they wanna buy it,” he asserted. “If you do wanna buy 1/3 of Roc-A-Fella, Inc,” Dame Dash noted. “Anything over ten million, I’m gonna sweeten the pot. You get an original Roc-A-Fella chain from around my neck.” The co-founder claimed to be the only one who gave out Roc-A-Fella chains during the label’s heyday. “If I don’t give you the chain, it’s not a legit Roc-A-Fella chain,” he decreed.
“I went to court. I’m allowed to sell my stake, so I’m doing it. Ain’t nobody gonna tell me what I can and what I can’t do with mine, I don’t care who it is. So, we just do it legally and bang it out in court,” Dame previously said about the decision to sell his stake.