Burt Reynolds is reassuring his fans that he is all right. The legendary actor has listed a massive collection of memorabilia to be sold at auction but insists the sale is not because he is in dire straits.

The Huffington Post reports Reynolds has placed 650 personal items up for an auction, including such iconic memorabilia as a letter from Katharine Hepburn and a 1977 Pontiac Trans Am given to Reynolds as a promotional vehicle for his famous film Smokey and the Bandit. Rumors have been flying that the sale is motivated by Reynolds’ need for income; the Huffington Post confirmed he is being sued by Bank of Florida for missing $1.4 million in mortgage payments for home.

However, E! Online reports that Reynolds spoke to ET to clear up rumors of his financial situation. “I want everyone to know that contrary to what all the news outlets are saying, I am not broke,” he stated. “I have been dealing with a business dispute for many years as well as a divorce settlement.”

As for the sale, Reynolds affirmed that, “I am simply selling some of my memorabilia that I have enjoyed for so many years but do not have the use or room for them anymore.” He added, “Quite frankly, I am sick of so many pictures of myself in my own home.”

A full list of items available for auction is listed here. Online bids will be accepted until December 11 and 12, when there will be a live auction in Las Vegas.