(AllHipHop News) Rapper Jay-Z has revealed he has a new expensive hobby, which is collecting pricey works of art. The Hip-Hop mogul, who has a fortune estimated to be worth at least $400 million, started collecting art around 2005. Since then he has acquired several expensive works of art, including several original paintings by Andy Warhol, whose painting Rorschach is used as the cover for Jay-Z’s book, Decoded.”I got into art about 5 years ago or so. I got a couple [of Warhol’s]. I have one of the Rorschach over my fireplace in my living room,” Jay-Z revealed to Howard Stern. “It’s all about art. I try to buy things that resonate with me. I have everything from Andy Warhol to Tim Noble to Sue Simmons, who are new. I have an Ed Ruscha, David Hammons, whether it makes a ton of money for me or not.”According to Jay-Z, his love for Andy Warhol’s work also helped him get the rights to use the iconic painter’s famous work of art for the cover of Decoded. “We called the Andy Warhol estate, they cleared it one day which was amazing,” Jay-Z revealed.Jay-Z’s Decoded is due in stores tomorrow (November 16th).

(AllHipHop News) Actress Diane Keaton is considering a career in Hip-Hop, after her appearance with 50 Cent in the new movie Morning Glory, which hit theaters on Friday (November 10th). Morning Glory, which features a variety of celebrities, also stars Harrison Ford, Rachel McAdams and Patrick Wilson. The movie centers around a TV morning show host named “Colleen Peck,” who takes on outrageous assignments to stay on the air. In the movie, Diane Keaton, 64, busts a rap alongside Queens, New York rapper/actor/mogul, 50 Cent.While she labeled the experience “humiliating,” Keaton stated that she wanted to record some tracks with Kayne West and 50 Cent. “I do have a daughter who is 15, and that made it even more humiliating because she thought I was just such an idiot. And she wasn’t wrong,” Diane Keaton told the Associated Press. “That’s my rap debut and that’s the end of me as a rapper. I won’t be working with Kanye, or Jay-Z. They have not called. I would like to. I’m available, guys.”Morning Glory is currently the 5th most popular movie in the country, after grossing over $9 million in box office receipts over the weekend.

(AllHipHop News) Alabama rapper Yelawolf recently sat down with AllHipHop.com and commented on last week’s arrest of Pittsburgh, PA rapper Wiz Khalifa, during a stop on the nationwide “Waken Baken 2010″ tour.Wiz was released on $300,000 bail, after he was busted with about 60 grams of potent marijuana at East Carolina University (ECU). Greenville, North Carolina police hit the rapper with three charges, including two felonies for possession and intent to distribute.”It’s unfortunate Wiz got locked up,” Yelawolf explained to AllHipHop.com. “Its my homie. Its inevitable. That man smokes so much weed, he needs to move to Cali to live where its legal. He definitely shouldn’t have been locked up for having weed or smoking weed. I mean he just smokes it, who gives a f**k. They need to let him go and drop that s**t.”Yelawolf is billed as the opener for Wiz on the tour, which kicked off on August 7th in Boston, New York and ends tomorrow night (November 16th) in Pennsylvania. In October, Wiz told AllHipHop.com he just may move from Pennsylvania to California, where the laws on marijuana possession are more relaxed. “I’m trying to move out that way, I am tired of catching cases in Pennsylvania over marijuana,” Wiz told AllHipHop.com in October. “Its medicinal too, above everything, it’s not just a cool thing to do…the s**t works.”Yelawolf, who is planning his own debut album via Ghet-O-Vision/Interscope, wished Wiz the best of luck. “I don’t want to see him locked up or f**ked up or facing charges or having to pay the court system his hard earned money because he smokes weed,” Yelawolf said. “He just gotta be more careful. He knows it though, he’s a smart dude.”EThe “Waken Baken 2010” tour concludes tomorrow (November 16th) at Crocodile Rock, a popular venue in Allentown, Pennsylvania, about two hours outside of Wiz’ hometown of Pittsburgh.

(AllHipHop News) Lil Wayne recently finished a new track that is scheduled to be released any day, according to Young Money affiliate DJ Scoob Doo. “Nino Brown aka @ liltunechi Got His First Song Since Rikers Coming To Yall Soon,” DJ Scoob tweeted yesterday (November 14). “Just Think A 2010 Version Of A Milli, But On Steroids.”According to a tweet DJ Scoob Doo, the terms of Lil Wayne’s probation are not effecting the rapper’s ability to record. According to the terms of his probation for gun/drug charges in Yuma, Arizona, Lil Wayne must refrain from using any drug or drinking any liquor over the next three years, or risk going to jail. Cash Money’s CEO Ronald “Slim” Williams said that the rapper would not make any mistakes while on probation and that his entire team was on the same page. “He’s straight. He’s very smart. He knows what he’s got to do and what he don’t have to do. He’s not going to make the same mistakes. And he’s got great people around him, family and friends. We’re going to all make sure. We’re all on the same page,” Ronald “Slim” Williams told the Times-Picayune.  “We’re going to represent New Orleans the way it’s supposed to be. Music, we got that. We’re going to represent it well.”In the coming weeks, Lil Wayne is expected to head to New Orleans to participate in Cash Money’s annual turkey giveaway. Just as Slim stated, Lil Wayne’s sticking with sobriety according to DJ Scoob Doo, who was with Lil Wayne last week during a 15-hour session in the recording studio. “Carter Back Open For Business In A Drug Free School Zone!,” DJ Scoob Doo tweeted.

(AllHipHop News) Miami, Florida rapper Trick Daddy will host two high profile events to celebrate the release of his book Magic City: Trials of a Native Son, which is due in stores this week. The rapper’s colorful autobiography was written with author Peter Bailey, who is also the host of NBC’s nationally syndicated entertainment segment, “Niteside Nitecap.” On Tuesday, Trick Daddy will host a meet-and-greet and book signing with Bailey at the Barnes & Noble in Pembroke Pines, Florida. The following day, Trick Daddy and Peter Bailey host a party with MTV inside of South Beach’s Club Play. Magic City: Trials of a Native Son, is centered around Trick Daddy’s upbringing in a childhood market by poverty, crime, incarceration, fame and his battle with Lupus. The book also reveals details about Trick Daddy’s family, his father who was a pimp, his days as a drug dealer and his various exploits around the country as a famous rapper. Magic City: Trials of a Native Son, is due in stores via MTV/Gallery Books, on November 16, 2010; $16.00.