HONOLULU — (AP) Music’s “Auction House” is selling its music, art and art collections, its Founder, Brian “Hons” Honslin, said Monday.
He said the sale of the collection, which includes pieces by Bob Dylan, Paul McCartney and Frank Sinatra, is scheduled for April 29.
He told reporters the sale will include “all of our collections, including our catalog, our records, our videos, our CDs, all of our sound recordings.”
Honslin said he’s optimistic about the future of the industry and said he hopes the auction house will remain in business for years to come.
He says he’s in touch with his business partners and has a good idea of what he needs to sell.
The auction house has sold the rights to its catalog to a company called The National Gallery of Art in Washington, D.C., and plans to use the money to build a new museum in New York, according to Hons.
Hons says he believes he has made some good investments in his life.
He has a wife and two children.
The Honolulu native founded Hons Music Group in 1994.
In 2012, he bought the “Abandoned Music” collection from an estate in Maryland for $250,000.
He sold the collection to the National Gallery and it was purchased by the National Film and Television Archive.
Hons said in a statement that the collection is being returned to the estate.
The National Gallery is the world’s largest collection of musical recordings.