Courtney Love

Courtney Love: Billionaires Want Cobain's Legacy

05/01/2007 at 09:05 AM EDT

Courtney Love: Billionaires Want Cobain's Legacy
Courtney Love
Jeff Vespa/WireImage
Courtney Love, who is auctioning off the belongings of her late husband, Kurt Cobain, says she's talked to his mother about also clearing out his childhood possessions.

"I love his mother but she has been taken advantage of in my opinion and from now on, after our discussion today, she will be repped by proper lawyers," Love, 42, writes on her Web site.

"[When] people approach her for his childhood things she can maximize her income in these transactions," adds Love.

"Maximize" may be the operative word. Love writes that she's already had Cobain's items valued at $40 million, and that three billionaires are interested in purchasing his estate in its entirety.

"I've been approached by several private collectors – and I'd prefer that to a whole kerfuffle of an auction and scattering to the four winds his very few guitars and sweaters," she says.

Love and Cobain married in 1992 and had a daughter, Frances Bean, now 14. Cobain committed suicide with a shotgun at the couple's Seattle home in 1994, and Love, who has never remarried, told AOL's Spinner.com that she now wants to sell most of his possessions.

As for the proceeds of the sale, "Most will go to charity since the money isn't what I'm that interested in, but it's really an exchange of energy," she writes on her Web site. "Obviously we'll keep more than enough of his stuff – his monkey collection – things that mattered to him for Franny and her family."

Among the other items Love lists are guitars, amplifiers, clothes, poetry, lyrics and even Cobain's hair. "Obviously I'll keep some but lots of it is maybe too morbid," she says. "There's copies of many lyrics, and casts I had made of his hands."

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