Thomas Hearns holds auction to reduce tax bill
- April 2nd, 2010
- Posted in News
- By Associated Press
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Thomas “Hitman” Hearns will try to pay down a $448,000 tax debt through an auction billed as the “Battle of His Life.”
Saturday’s event at the Auction Block on Detroit’s west side will feature a 1957 Chevy, three boats, six ATVs, a three-wheeled motorcycle and boxing memorabilia.
The 51-year-old Hearns also owes about $500,000 on his Southfield house.
Obie Moore, owner of the Auction Block, tells the Detroit News that all money will go to the IRS. A phone message seeking comment was left Thursday with Hearns.
Hearns held WBA, WBC, WBU and IBO titles ranging from the welterweight to cruiserweight divisions between 1980 and 1999. His three-round loss to Marvin Hagler for the middleweight title in 1985 is generally considered one of the best bouts in boxing history.
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