The Rock Island auction house is going into a tailspin with its newest acquisition, the new, $300 million auction house The Ritz-Carlton.
The Rock is auctioning off an array of items for a whopping $300m (AUD$315m) over the next three days.
The Ritz Carlton is an incredibly popular resort and hotel in the Caribbean island of Jamaica.
It has been a hit since it opened in 1995, and has a population of around 60,000 people.
The resort has become so popular, that it is now the fifth largest resort in the world.
The Riff Raff singer Nick Jonas has also stayed at the resort, and it is rumoured that he will soon join the group.
The Rock is taking a hit with the acquisition of the Ritz, and is looking for a buyer.
But the news is not good, and many of the other properties in the collection have not sold yet.
The auction house has sold off everything from the first editions of Led Zeppelin’s Sgt Pepper’s Lonely Hearts Club Band and Queen’s “Dancing Queen”.
The sale of the property is the second biggest in the company’s history, behind the $1.6bn sale of Radiohead’s Green Album in 2017.
But while the Riff-Raff singer has not been seen in the Rock for several months, his former wife, Lizzy, is still in the hotel.
The couple have two children together, and they are expecting a third.
Nick Jonas, who has already been spotted at the Rock, has also been spotted there.
The new property is called The Ritch, and its worth a whopping$300m.
It’s owned by the Royal Irish Bank, which is part of the Royal Family, and will be sold to an unnamed buyer, Reuters reported.
The property is owned by a company called RiffRaff, which operates from an office in London, and the company is currently based in Dublin.
The property will be auctioned off tomorrow morning at 1pm (AEDT).
What are the other lots up for grabs?
The Rock has not sold a lot of property since its launch in 1995.
Its properties are spread across Ireland, Britain, Australia and New Zealand.
The country with the biggest percentage of properties up for sale are in Ireland, with the Rishworth Estate, valued at $1bn (AUD£1.2bn).
The Irish property has also sold off several other lots.
It is currently listed for $1 billion (AUD737m), and has sold several properties for the amount of $1billion (AUD853m).
A number of the properties up on the list are owned by private companies, and have not been sold yet, but one is listed for a price of $700m (AU$900m).