The 'Boogie Nights' actor dismisses rumor that he is on the brink of financial ruin, claiming that he just wants to get rid of the items he no longer wants in his collection.
- December 3, 2014
AceShowbiz -
Burt Reynolds insists he is not broke. The actor was rumored facing a dire financial crisis after putting more than 600 of his personal items up for auction, but he claims he's just cleaning the house. "I want everyone to know that contrary to what all the news outlets are saying, I am not broke," he says.
"I have been dealing with a business dispute for many years as well as a divorce settlement. I am simply selling some of my memorabilia that I have enjoyed for so many years but do not have use nor room for them anymore," he explains to ET Online. "Quite frankly, I am sick of so many pictures of myself in my own home."
The auction will take place at the Palms Casino Resort in Las Vegas on December 11 and 12. Burt's 1998 Golden Globe trophy for "Boogie Nights", the outfit he wore in "Smokey and the Bandit", and cowboy boots from movie "Striptease" are among the items on sale. "I've collected so many things that I truly adore but at this stage of my life I find it very difficult to manage them all," he says.
Burt filed for bankruptcy in 1996, three years after a messy divorce from actress Loni Anderson. He also has mortgage issue and has been trying to sell his Jupiter, Fla. house, cutting down the price from $8 million to less than $5 million.
