The James Brown Estate auction, which was expected to fetch anywhere from $1 to $2 million dollars, hauled in just $857,688 yesterday with 97% of the items offered sold. A judge cleared the way for the auction after it was bitterly contested by James' former trustees and some of his children, who felt the money should go to James' I Feel Good trust as opposed to paying off the accumulated tax debts and expenses the estate has racked up since James' death on Christmas day 2006. Some of the Brown children are particularly upset because they claim they were told to list items they felt should stay off the auction block but said their lists were ultimately ignored. The children felt certain items should have been saved to create a Graceland type museum for the Godfather of Soul.
Friday, July 18, 2008
James Brown Auction Disappoints
The James Brown Estate auction, which was expected to fetch anywhere from $1 to $2 million dollars, hauled in just $857,688 yesterday with 97% of the items offered sold. A judge cleared the way for the auction after it was bitterly contested by James' former trustees and some of his children, who felt the money should go to James' I Feel Good trust as opposed to paying off the accumulated tax debts and expenses the estate has racked up since James' death on Christmas day 2006. Some of the Brown children are particularly upset because they claim they were told to list items they felt should stay off the auction block but said their lists were ultimately ignored. The children felt certain items should have been saved to create a Graceland type museum for the Godfather of Soul.
