Beyonce's dad holds garage sale, selling some of her memorabilia

HOUSTON (KTRK) -- Mathew Knowles says anytime his daughter Beyonce is involved, people tend to blow things out of proportion.

"It is absolutely crazy and ridiculous," said Mathew Knowles, CEO of Music World Entertainment.

Over the weekend, his staff put on a House of Dereon garage sale with about a third of the items related to Beyonce. Since then, Knowles says he's been bombarded with media accusations that he's trying to have a "Beyonce sale" because he is trying to make ends meet.

"I get to the office and my assistant of 15 years tells me that this mass hysteria, which I call Jedi-mind trick, is happening," said Knowles. Referring to the garage sale, Knowles said, "I came up Sunday to help them out. I was nice enough to take photos with people... I see that backfired on me. I see a simple act of kindness ends up being, 'I'm going out of business, it ends up being I'm broke.'"

Knowles didn't address his financial situation, but says the reason behind the garage sale is that he's cleaning house so he can renovate his property, specifically, the Rice Mansion. ABC13 did see contractors and plumbers taking a look around while we were there.

This garage sale had piles of $5 Beyonc shirts, posters and CDs - with even lower-priced Solange memorabilia --but there was also a smattering of old furniture, candles, old country CDs and even a broken Christmas tree.

"We just want to get rid of it! And in the gist of all that, there's a few old t-shirts with Beyonce's picture on it, so that's what this big deal is all about," said Knowles.

As of Tuesday, the sale was still going on.