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Toni Braxton loses song copyrights at auction

July 28th, 2013 8:40pm EDT | By: Dave Simpson favorite Add to My News

Toni Braxton

R&B star Toni Braxton has lost the rights to some of her biggest hits after she was outbid during an auction of her back catalogue.

The Un-break My Heart singer managed to strike a deal earlier this month (Jul13) to resolve her latest bankruptcy woes, which hit headlines in 2010 amid rumours her debts had spiralled to between $10 million (£6.6 million) and $50 million (£33.3 million).

As part of the agreement, Braxton was given the chance to buy back some of her personal property by paying monthly installments, while she was also allowed to buy back the copyright on a collection of 27 of her tracks for $20,000 (£13,330) when they went under the hammer on 15 July (13) - as long as no one outbid her.

However, Braxton's $20,000 offer was not enough to keep hold of her songs after a man named Ross M. Klein doubled the bid and walked away as the new owner of tracks such as You're Making Me High, Always and How Many Ways, reports TMZ.com.

This news article provided by World Entertainment News Network
Photo Credits: Winston Burris / PR Photos


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