Actor Burt Reynolds has denied reports suggesting that he's selling off memorabilia because he's broke.
The 78-year-old Boogie Nights star is parting ways with over 600 of his most prized possessions, but he assured fans that his upcoming Julien's Auctions sale in Las Vegas on 14 December, is not being held because he is need of cash.
In a statement released to ET, Reynolds said, "I want everyone to know that contrary to what all the news outlets are saying, I am not broke. I have been dealing with a business dispute for many years as well as a divorce settlement."
He added, "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. Quite frankly, I am sick of so many pictures of myself in my own home."
Some of the items up for auction include a canoe used in 1972 film Deliverance, numerous pairs of Western boots from Reynolds' personal collection, his large collection of belt buckles and an 18-karat gold antique inscribed pocket watch given to the actor by his co-star and friend Sally Field.
