David Bowie‘s estate is currently in conversation with a range of anonymous buyers who are interested in purchasing the rights to the late artist’s songwriting catalogue.
The Financial Times reports that anonymous bids on the artist’s songwriting catalogue have reached upwards of $200 million USD, however a buyer has not been finalised just yet.
According to the FT’s report, conversations with serious bidders have reached the “advanced stage,” meaning that a deal could be announced as soon as in the coming weeks.
The works involved in this deal are some of the most prolific works in music history, and with Bowie’s songwriting catalogue spanning over six-decades, it means that works like Let’s Dance, Heroes and The Rise and Fall of Ziggy Stardust and the Spiders from Mars will be sold.
Once the sale is secured, Bowie will join the rapidly growing list of artists who are opting to sell their songwriting catalogues for massive sums. In the last year alone, Bob Dylan, Neil Young, Stevie Nicks and Paul Simon have sold their catalogues for nine-figure sums.
Bowie passed away in 2016, leaving his estate to his wife Iman and two children. A representative for his estate declined the publication’s asking to comment.
More on this story as it develops.