'Idol' Winner Phillip Phillips Movin' On Up ... Fam Dumping Pawn Shop

5/24/2012 11:30 AM PDT

'American Idol' Winner Phillip Phillips -- Movin' On Up ... Family Dumping Pawn Shop


"American Idol" winner Phillip Phillips' family has reason to celebrate, now that the "A.I." winner will be rolling in the dough ... and the first move is selling the family pawn shop.

Sources close to Phillip’s family tell TMZ, Phil's dad Donnie has been mulling over the idea of selling the Albany, GA pawn shop ... but apparently Phillip's success made the decision a no-brainer.

Donnie is banking on a bidding war, now that the shop has the "A.I." cache.

Before Phillip's "Idol" run, Donnie planned to sell the place for $200,000. Onward and upward, he hopes.