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This auction is brought to you by: $1 Baby Stuff

Do you remember the song Cotton Eye Joe .. if not watch the video:

Remember?

Well they are up for sale on Ebay and the starting bid of $1,500,000.00 haven’t found a buyer yet I actually called their agency Nordic Talent to see if this auctions is for real. Answer is yes but he also explained that just shares of the company are being sold and that the actual band does not exist anymore. So you would make money of their (some) existing songs.

From the auction:

The buyer will get 100% of the shares to the Swedish company Rednex AB (equivalent to Ltd.), which owns the band, the trademark, all recordings, all contracts and negotiating rights and is in full power of the artistry. Rednex AB is owned today by 3 individuals who founded the group and who have personally initiated this world’s first online sale of a pop band, as well as this web site.

Rednex AB has been spotlessly run for 12 years, is debt free and carrying open books, which will be made fully available for the buyer. The company holds an administrative responsibility towards royalty holders on previous recordings. The running administrative costs average $ 4,000-5,000 in total per year. The owner of Rednex AB has, as he pleases, the right to record, release, style, tour and manage one of the most successful party bands of our time.

The owner will also own the band, which actually works in a similar way to a company. Over the years performers have come and gone as employees. Rednex, the band, has had 16 performers all in all during the years (though never more than 5 at the same time). Today the band lives in Sweden, but has previously lived in Amsterdam, Berlin and Brunkeflo.

The original lead singer Mary Joe (a.k.a. Annika Ljungberg) came back to the band in 2004 after a 6 years absence. She is the person running the everyday business of the band, including releases etc., as she has a power of attorney to do so until 2008. Rednex is free to sign new record deals in most territories (incl. all the major ones) for upcoming releases. The first three albums are licensed by BMG UK, and the complete catalogue of the masters will return to Rednex AB in 2017.

Link: Rednex 4 Sale

Technorati Tags: Auctions, Music, Weird, Rednex, Own a Band, Manger, Shares, Ebay