Kanye West has made the decision to say farewell to a replica of his childhood home, which he used as a prop for his Donda concert series. According to TMZ, the controversial rapper and producer’s production company has enlisted the help of Jason Levy, president of The Levy Recovery Group to offload the property via a live auction later this year.
In the meantime, the home is currently sitting in a warehouse in the Chicago area, broken down into smaller sections, though it can be reassembled at the request of the highest bidder for a fee.
The auction is set to be held in early October, and considering there is no word of a starting price, there’s no telling how much the set will go for.
Kanye West’s Replica Of Childhood Home From ‘Donda’ Concerts Up For Sale https://t.co/s6wnrwDinZ
— TMZ (@TMZ) August 5, 2023
In 2021, it was reported that West would do just about anything to make his vision for his Donda listening parties come to life — including transporting his South Shore childhood home to Soldier Field, in Chicago.
However, to avoid the hassle of months of permit approvals and more, Yeezy assembled a team to build a replica of his childhood home at midfield with a cross on the roof. The Chicago native purchased the property he grew up in for about $225,000 in 2020.
FakeShoreDrive‘s Andrew Barber also added Ye wanted to burn down the replica home during the listening event but didn’t receive permission. Instead, he opted to burn himself for about 30 seconds before a fire extinguisher doused the flames.
The album had the second-largest 24-hour streaming period in Spotify’s history, trailing Drake’s 2018 album Scorpion. News of West’s estate sale comes on the heels of reports that while exiled from the fashion industry, he’s still churning a profit for megabrands like former partner, adidas.
According to SGB Media, the German sports giant’s recent sell-off of the now-discontinued Yeezys gave the brand a boost by 85 percent. Though, it’s important to note adidas is still posting a loss for the second quarter, with more than $ 491 million in losses despite the shoe sale saving them from a much larger initial loss of $ 764 million.
“We are happy with the way the second quarter developed,” said adidas CEO Bjørn Gulden in a statement to the outlet. “The core adidas business was slightly better than we expected. […] The sale of the first part of the Yeezy inventory did of course help both our top and bottom line in the quarter.”
In June, Ye reportedly pocketed $ 25 million from adidas in just 24 hours after leftover Yeezy stock from the pair’s dysfunctional partnership flew off the shelves.
Source – HipHopDx
In Other News – Jamie Foxx Takes Aim At Fake Friends In Cryptic New Message
Jamie Foxx has taken aim at some “fake friends” and their “fake love” in a new cryptic message amid his ongoing health woes. On Friday (August 4), Foxx took to Twitter, where he called out fake supporters just weeks after resurfacing following his highly publicized medical emergency that left him hospitalized, earlier this year.
“THEY KILLED THIS DUDE NAMED JESUS…WHAT DO YOU THINK THEY’LL DO TO YOU???!” Foxx, 55, shared via Instagram, followed by “#FakeFriends #FakeLove.” Read more