Pattaya Daily News

01 June 2007 :: 17:06:54 pm 4490

Michael Jackson‘S Memorabilia Auction

It billed the two-day auction as the biggest-ever sale of Jackson family memorabilia, including clothes, music sheets and gold disc awards belonging to Michael, Janet, Jermaine, Tito and La Toya.
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The Jackson memorabilia was sold by Universal Express Inc, a luggage company, who acquired them last March.

The company’s chief executive, Richard Altomare, said he was not disappointed with the sales figures so far, despite the fact the company bought them for $5m (£2.5m) and spent $2m (£1m) transporting them.

The Guernsey’s Auction House sale at the Hard Rock Hotel and Casino had over 1,100 items on offer.

A Michael Jackson MTV award fetched 16,000 dollars (about 55,000 baht) Wednesday at a huge auction of goods belonging to the “King of Pop” and his famous family, but it was less than a thrilling start to the sale.
Among the items sold was a black military-style coat belonging to Michael Jackson, which sold for $24,000 (£12,131) according to the auctioneers.
In addition to 16,000 dollars for his MTV award for “We Are the World,” gold disc awards for his album “Off the Wall” and the Jackson 5 single “I Want You Back” raked in 11,000 dollars each, according to figures available on the Internet.

But many of the items sold at a Las Vegas hotel-casino by Guernsey’s Auction House — which has billed the two-day event as the biggest-ever sale of Jackson family memorabilia — went under the hammer for just a few hundred dollars.

A platinum record for the massively successful song “Billie Jean” was sold for just 100 dollars, while a picture signed by the pop legend was bought for 750 dollars.

One of the most notable items, a copy of the contract for Jackson’s purchase in 1987 of the California ranch that he nicknamed “Neverland,” sold for just 100 dollars at the auction held at the Hard Rock Hotel & Casino.

Jackson started out in the 1960s with four of his older brothers in the Jackson 5 pop group, which produced a series of platinum records for Motown, selling millions.

Some of the items in Wednesday and Thursday’s sale date back to this period, while others are from his hugely successful solo years in the 1980s, when he recorded albums such as “Thriller” and “Bad.”

Jackson himself initially opposed the auction before the matter was resolved amicably. The goods belonged to one of the singer’s associates but were seized by creditors when the person went bankrupt.

The 48-year-old singer quit Neverland and spent most of the past two years in the Gulf state of Bahrain after a California court acquitted him in 2005 of child molestation charges. He has recently moved to Las Vegas.

The company’s collection includes other Jackson items, such as master tapes of hundreds of songs, some never released – Mr Altomare said they will be sold at a later date.

“We have two times the number of items here still in our warehouse,” he added.

The auction ended on Thursday evening with full sales figures expected later on Friday.

Reporter : PDN staff   Photo : Internet   Category : Entertainment News

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