Largest auction of Jackson family memorabilia ever
Platinum records, shimmering costumes, mementoes and faded documents belonging to Michael Jackson and his talented siblings are there in the mound of more than 1,100 items displayed at the Hard Rock Hotel and Casino, Las Vegas. Billed as the largest auction of Jackson family memorabilia till the date, the assortment includes a Bill Whitten-designed militaristic red coat with gold and a 1987 contract depicting his $30 million purchase of the California ranch that became the infamous “Neverland.” The lot also has a frilly pink “Mae West” dress worn by Janet Jackson, when he was 8, during family performances at the MGM Grand in Las Vegas in 1974. Arlan Ettinger, president of auction house Guernsey’s stated the auction as ‘once-in-a-lifetime occurrence.’ The historical auction, which is scheduled for Wednesday and Thursday, is expected to fetch millions of dollars. Earlier, Jackson’s lawyers tried a lot to stop the auction but they had to drop the effort after they reached a confidential settlement two weeks back. Although Mr. Jackson is invited to the auction but I don’t think his fans will find him there. All the possessions were bought by Universal from the former owner Vaccaro for $5 million and spent over $2 million moving the goods from New Jersey to Las Vegas. The commodities were insured by Lloyd’s of London for more than $100 million. Bidders can partake in the auction through liveauctioneers.com and eBay’s live auction site.