Prince's music vault is reportedly worth $35 million and already up for a bidding war

Not long after Prince's death this past April, his infamous music vault was drilled open and its contents – the holy grail of his unreleased music – pored over. It now appears that whatever was found during the search at Paisley Park is up for grabs and going for millions. Billboard reports that all three major record labels are currently in a bidding war with Prince's estate to buy the rights to the vault, possibly valued at $35 million. The deluxe edition of Purple Rain that was meant to come under Prince's new deal with Warner Bros. will also be released as early as next year. Because Prince left no will, the holdout on who can and will get access to the vault is reportedly a matter of multiple factors: who actually owns the music (Prince's notoriously contentious relationship with record labels complicates things), who controls the estate, and how the vault (which is still being sorted) can ever be cataloged. For now, Tidal remains the only one with the keys to at least some of the vault Prince wanted us to hear.

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Prince through the years
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Prince through the years
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US artist singer and songwriter Prince performs on stage during his concert in Antwerp Sportpaleis, on November 8, 2010. AFP PHOTO /BELGA PHOTO DIRK WAEM (DIRK WAEM/AFP/Getty Images)
LONDON, ENGLAND - FEBRUARY 19: Prince presents the award for British Female Solo Artist at The BRIT Awards 2014 at 02 Arena on February 19, 2014 in London, England. (Photo by Ian Gavan/Getty Images)
LONDON, ENGLAND - FEBRUARY 19: Prince and Ida Nielsen, Hannah Ford Welton and Donna Grantis of his band 3rdEyeGirl present an award at The BRIT Awards 2014 at The O2 Arena on February 19, 2014 in London, England. (Photo by Samir Hussein/Redferns via Getty Images)
Prince Rogers Nelson is better known as just Prince and is pictured where is spends a lot of his time; on concert stage around the world. Denmark 2013. (Photo by: PYMCA/UIG via Getty Images)
LAS VEGAS, NV - MAY 19: Recording artist Prince performs during the 2013 Billboard Music Awards at the MGM Grand Garden Arena on May 19, 2013 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images)
LAS VEGAS, NV - SEPTEMBER 22: Singer Mary J. Blige (L) and recording artist Prince perform onstage during the 2012 iHeartRadio Music Festival at the MGM Grand Garden Arena on September 22, 2012 in Las Vegas, Nevada. (Photo by Christopher Polk/Getty Images for Clear Channel)
LAS VEGAS, NV - SEPTEMBER 22: Recording artist Prince (L) and singer Mary J. Blige perform onstage during the 2012 iHeartRadio Music Festival at the MGM Grand Garden Arena on September 22, 2012 in Las Vegas, Nevada. (Photo by Isaac Brekken/Getty Images for Clear Channel)
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