The Long Beach-native took to Instagram with an inspirational message for his fans.
The chain was previously up for sale at P's Joopiter Auction.
Pharrell Williams, Travis Scott, Rod Wave, Key Glock, Dave East, and more also drop new Hip-Hop releases.
3-day passes for the art, culture, and music festival go on sale this weekend.
The N.E.R.D member also offered to produce a record on RM's forthcoming solo album.
The new location will be one part store, one part "immersive experience."
The legendary producer will sell two decades worth of personal luxury goods.