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SongVest to Auction Royalties for 80’s R&B & Dance Classics “I Wanna Be Rich” and “Love Overboard”

Unique “Music Memorabilia With A Paycheck” auction December 12-19 at SongVest.com to feature “I Wanna Be Rich,” “Operator,” “Love Overboard,” “Casanova,” “Freak-A-Zoid,” “Electricity,” “Meeting In The Ladies Room,” and “Wet My Whistle.”

"It is with great pleasure that I wish to share a piece of these songs, while at the same time, share a piece of history with our true friends and fans" - Grammy Winner Reggie Calloway

Madison, WI (Billboard Publicity Wire) November 23, 2009 -- SongVest, the company that reinvented the music memorabilia business by offering the ultimate fan collectable -- the songs themselves -- has announced their next major online auction will take place December 12-19 at songvest.com and will include Billboard R&B and Dance hits written by techno-funk legend Reggie Calloway for Midnight Star, The Calloway Brothers, LeVert, Klymaxx, and Gladys Knight and the Pips.

RIAA Platinum Album awarded to high bidders

Calloway:

I Wanna Be Rich: #2 on the Billboard Hot 100 and #5 on the Billboard R&B chart

Midnight Star:

Operator: #1 on the Billboard R&B chart for five weeks and #18 on the Billboard Hot 100 Freak-A-Zoid: #2 on the Billboard R&B chart for four weeks, #44 on the Billboard Club Play Singles chart, and #66 on the Billboard Hot 100 chart Wet My Whistle: #8 on the Billboard R&B chart and #15 on the Billboard Club Play Singles chart Electricity: album track on the multi-platinum selling “No Parking on the Dance Floor” album

LeVert:

Casanova: Soul Train Award winner; nominated for the R&B Song of the Year and Best R&B Performance Grammy and Favorite R&B/Soul Single American Music Award

Gladys Knight and the Pips:

Love Overboard: Grammy award for R&B Vocal Performance, #1 on the Billboard R&B chart, #4 on the Billboard Hot Dance Club Play chart, and #12 on the Billboard Hot 100 chart.

Klymaxx:

Meeting In The Ladies Room: #4 on the Billboard R&B chart, #22 on the Billboard Hot Dance Club Play chart, and #59 on the Billboard Hot 100 chart

In addition to sharing in the royalty stream the songs generate, high bidders will also receive one-of-a-kind platinum album awards featuring handwritten and signed lyrics.

The auction will begin at 3PM EST on Saturday, December 12 and end at 3PM EST on Saturday, December 19. Fans can register now at http://www.songvest.com to learn more about the revenue history for each song and get a glimpse behind the scenes at how and why the songs were written.

Since 2007, SongVest has offered music fans, collectors, and investors the unique opportunity to share the royalties with the writers of their favorite music. Past auctions have included the rights to songs recorded by Aerosmith, Bon Jovi, Carrie Underwood, Ringo Starr, Ozzy Osbourne, and The Monkees.

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