Sale of Michael Jackson’s Property Canceled

ST/Auction

via NY Times

BEVERLY HILLS, Calif. — Hours after an extensive collection of memorabilia owned by Michael Jackson went on view for a public auction, the auctioneer and Mr. Jackson announced Tuesday that they had agreed to cancel the sale and return the property to him.

Mr. Jackson hired Julien’s Auctions last year to sell the contents of Neverland Valley Ranch, his former estate northwest of Los Angeles, and the company put together an auction of more than 1,000 items. But last month Mr. Jackson’s company, MJJ Productions, sued to prevent the auction, saying that he had not been given an opportunity to review the items in advance.

The terms of the agreement were not revealed. But in a joint statement, MJJ Productions and Julien’s said that the exhibition, at a former Robinson’s-May department store, would remain up until April 25.

“From an artistic standpoint we are very disappointed,” said Darren Julien, president of Julien’s. “It’s just kind of a relief for us, because it’s a resolution. Litigation is not fun for anybody.” Continue reading