Rapper Kool Moe Dee, whose famous 1981 battle with Busy Bee may be the most influential moment in rap history, is auctioning off some of his royalties. Famous for legendary early '80s singles with his group The Treacherous Three as well as his unprecedented solo work in the later half of the decade that includes battles with LL Cool J as well as tracks like "Wild Wild West," the one later remade by Will Smith for the film of the same name, he's one of very few hip-hop artists to transcend the late '70s pioneer days through the explosion in the late '80s.
Jive Records Kool Moe Dee
Moe Dee's unique perspective on the event horizon of hip-hop culture through the dawn of the rap industry has seen him also have a better understanding of the financial side of what artists are due, whether from the fledgling independent labels in the early days of rap or the major labels that put his music in every record store. Now he's looking to educate the hip-hop nation about royalties through his auction at Royalty Exchange. The auction had a starting price of $36,000 and currently has 33 approved bidders.
With the auction ending tomorrow, we spoke to Moe Dee, as well as Royalty Exchange's Vice President of East Coast Sales Preston Sullivan and Vice President of Marketing Sean Daley about exactly what is up for auction, what the winner is entitled to, and how such an auction is profitable for both the artists and the winning bidders.