Burt Reynolds: 'I am not broke'

Burt Reynolds reacted Tuesday to speculation that his upcoming Las Vegas auction of more than 600 personal items -- including his 1998 Golden Globe for his role in Boogie Nights -- is a sign that the 78-year-old actor is in serious financial need.

"I want everyone to know that contrary to what all the news outlets are saying, I am not broke," he tells ET exclusively. "I have been dealing with a business dispute for many years as well as a divorce settlement. I am simply selling some of my memorabilia that I have enjoyed for so many years but do not have use nor room for them anymore."
"Quite frankly, I am sick of so many pictures of myself in my own home," he adds.