Casino to hold
auction for Michael Jackson memorabilia
The largest Michael Jackson memorabilia will
be auctioned at the Las Vegas Hard Rock Hotel and Casino on
Wednesday, May 30th.
In
what has been called the largest Jackson auction ever, over
1,000 original Michael Jackson costumes will be up for grabs at
the casino on Wednesday. Universal bought the items from for $5
million from the New Jersey businessman Henry Vaccaro, who
bought them in 2002 from a bankruptcy court auction. Universal
claim they have spent another $2 million just to transport the
goods from New Jersey to Las Vegas. no worries, however, as the
collection was insured by Lloyd's of London for more than $100
million.
Attorneys for Michael Jackson tried to halt
the auction, but two weeks ago they have reached a confidential
settlement and dropped the efforts to prevent the auction from
going live.
Some of the most popular items that will be
offered at the casino auction are:
Bill Whitten-designed militaristic red coat
with gold rope that belonged to Michael Jackson
The 1987 contract detailing his $30 million
purchase of the California ranch now known as the "Neverland."
A worn telegram from July 6, 1984, from Marlon
Brando encouraging Michael Jackson before a show.
Also many paintings, personal clothing of
Michael and Janet Jackson, lyrics of the pop-singer and more.
Interest in the auction at Hard Rock Hotel and Casino has been
expressed not just locally but from Europe and the Middle East,
ensuring that millions of dollars will exchange hands during the
auction in Wednesday and Thursday in Las Vegas.
05/28/2007
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