A crystal studded glove belonging to the late Michael Jackson was sold this weekend at Julien's Auctions at Planet Hollywood in Las Vegas auction for $190K.
Meanwhile, Joe Jackson has filed a lawsuit against Dr Conrad Murray for unlawful death.
Showing posts with label auction. Show all posts
Showing posts with label auction. Show all posts
Monday, June 28, 2010
Tuesday, March 16, 2010
Sick
It is reported that the syringe that allegedly administered a fatal dose of drugs to Michael Jackson has been obtained by an unknown individual.
He is now allegedly touting this "artifact" round Las Vegas auction houses, in the hopes of arranging an auction from which he will pocket $5M.
Quite how this person has been able to obtain potential "evidence", and why he is allowed to profit from it is one thing.
As to what idiot would pay $5M for a used syringe is another.
He is now allegedly touting this "artifact" round Las Vegas auction houses, in the hopes of arranging an auction from which he will pocket $5M.
Quite how this person has been able to obtain potential "evidence", and why he is allowed to profit from it is one thing.
As to what idiot would pay $5M for a used syringe is another.
Wednesday, April 15, 2009
Auction Cancelled
In a remarkable volte face, Julien's Auctions have cancelled the auction (scheduled for 22-25 April) of Michael Jackson memorabilia from his Neverland and agreed to return all the items to Jackson.
A joint statement from Jackson spokesman Tohme R Tohme and auction organiser Darren Julien notes that the exhibition of the items will continue until April 25.
Adding:
"there was so much interest from so many of Jackson's fans that instead of putting the items in the hands of private collectors, Tohme and Julien's Auctions have made arrangements that will allow the collection to be shared with and enjoyed by Jackson's fans for many years to come."
Seemingly an amicable solution has been found. Julien, president and chief executive of Julien's Auctions, said:
"We reached a resolution and we're very happy about it. It allows Michael to retain ownership of his possessions. He contracted us to conduct the auction and had a change of mind for whatever reason. And we honour and respect that. We're very happy with the outcome."
It is estimated that Julien's spent $2M on organising/cancelling the sale.
A joint statement from Jackson spokesman Tohme R Tohme and auction organiser Darren Julien notes that the exhibition of the items will continue until April 25.
Adding:
"there was so much interest from so many of Jackson's fans that instead of putting the items in the hands of private collectors, Tohme and Julien's Auctions have made arrangements that will allow the collection to be shared with and enjoyed by Jackson's fans for many years to come."
Seemingly an amicable solution has been found. Julien, president and chief executive of Julien's Auctions, said:
"We reached a resolution and we're very happy about it. It allows Michael to retain ownership of his possessions. He contracted us to conduct the auction and had a change of mind for whatever reason. And we honour and respect that. We're very happy with the outcome."
It is estimated that Julien's spent $2M on organising/cancelling the sale.
Tuesday, April 14, 2009
Echoes of Xanadu - Citizen Jackson's Memorabilia
Julien's Auctions, the organisers of the forthcoming auction of Michael Jackson memorabilia from Neverland (scheduled for 22-25 April), have held a press preview.
Martin Nolan, speaking of the ongoing legal action by Jackson, said that the auction would proceed.
Amongst the "bric a brac" are costumes, antique furniture, lifesize statues of superheroes and Star Wars villains, from Batman to Darth Vader, and a fully equipped computer game arcade.
Martin Nolan, speaking of the ongoing legal action by Jackson, said that the auction would proceed.
Amongst the "bric a brac" are costumes, antique furniture, lifesize statues of superheroes and Star Wars villains, from Batman to Darth Vader, and a fully equipped computer game arcade.
Monday, April 06, 2009
Auction Goes Ahead
Michael Jackson has failed in his bid to block an auction of his possessions from Neverland from taking place later this month.
Jackson filed a legal challenge in March in Los Angeles, that claimed that Julien's Auction House had "effectively stolen" his property.
Jackson wants the return of hundreds of items, including the wrought iron gates from Neverland and a white glove he wore in his 1983 Billie Jean video.
The auction is scheduled to take place from 22 April in Beverly Hills, and is expected to last 5 days.
However, a further court motion to stop the sale will be heard on 15 April.
Jackson filed a legal challenge in March in Los Angeles, that claimed that Julien's Auction House had "effectively stolen" his property.
Jackson wants the return of hundreds of items, including the wrought iron gates from Neverland and a white glove he wore in his 1983 Billie Jean video.
The auction is scheduled to take place from 22 April in Beverly Hills, and is expected to last 5 days.
However, a further court motion to stop the sale will be heard on 15 April.
Tuesday, December 16, 2008
Auction
The BBC reports that Michael Jackson may be facing up to the reality of his financial situation, and is auctioning 2000 items including the wrought iron gates from Neverland.
Friday, February 29, 2008
Taxes
Even if Michael Jackson is successful in selling Neverland, at an auction next month, he may well be liable for tax on the sale.
On the assumption that the property is sold for around $25M, given that he paid around $14M for it, there is a capital gain of $10M on which tax of around $5M will be payable.
Jackson will discover the truth of that old saw:
"There are only two certainties in life, death and taxes."
On the assumption that the property is sold for around $25M, given that he paid around $14M for it, there is a capital gain of $10M on which tax of around $5M will be payable.
Jackson will discover the truth of that old saw:
"There are only two certainties in life, death and taxes."
Thursday, July 19, 2007
Lawyer Found in Contempt
David DeToffol, a who had acted for Universal Express Inc., was lawyer was found in contempt of court for his handling of the Michael Jackson memorabilia.
Clark County District Judge Elizabeth Gonzales said that DeToffol violated her court order barring his client, Universal Express Inc., from selling or giving away some of Jackson's personal items.
The memorabilia, which includes a Three Stooges collection and personal writings, have yet to be returned to Jackson but are being held in a "secure location" at the courthouse.
Jackson has been trying to get 25 pieces of memorabilia returned to him since May, when he and Universal reached an agreement to return the items to him.
Universal had paid $5M for the collection from a New Jersey businessman, who claimed the property after the Jackson's failed to pay a storage unit bill.
On June 1, a day after the auction at the Hard Rock Hotel, Universal threatened to sue Guernsey's, the company handling the auction, if it didn't give the items back to Universal.
Gonzalez said that action violated her order prohibiting Universal from "selling, giving, conveying or transferring by any means" the 25 items.
Guernsey's, later turned the items over to the court.
DeToffol testified Monday that he didn't intend to violate the court order, but Gonzales, found otherwise.
She ruled that DeToffol will have to pay Jackson's attorney's fees and a $2,500 fine.
Complicated isn't it?
Clark County District Judge Elizabeth Gonzales said that DeToffol violated her court order barring his client, Universal Express Inc., from selling or giving away some of Jackson's personal items.
The memorabilia, which includes a Three Stooges collection and personal writings, have yet to be returned to Jackson but are being held in a "secure location" at the courthouse.
Jackson has been trying to get 25 pieces of memorabilia returned to him since May, when he and Universal reached an agreement to return the items to him.
Universal had paid $5M for the collection from a New Jersey businessman, who claimed the property after the Jackson's failed to pay a storage unit bill.
On June 1, a day after the auction at the Hard Rock Hotel, Universal threatened to sue Guernsey's, the company handling the auction, if it didn't give the items back to Universal.
Gonzalez said that action violated her order prohibiting Universal from "selling, giving, conveying or transferring by any means" the 25 items.
Guernsey's, later turned the items over to the court.
DeToffol testified Monday that he didn't intend to violate the court order, but Gonzales, found otherwise.
She ruled that DeToffol will have to pay Jackson's attorney's fees and a $2,500 fine.
Complicated isn't it?
Tuesday, June 26, 2007
Jackson Going Back to Court
In what seems to be becoming a second profession, Michael Jackson is set to return to court in July.
This time in a continuation of the dispute over the "Jackson memorabilia", that was withheld from a recent auction in Las Vegas.
Jackson is seeking the return of the withheld items.
Janet Jackson, Michael's sister, is also seeking the return of items held back during a May 30-31 memorabilia auction at the Hard Rock hotel-casino in Las Vegas.
Judge Elizabeth Gonzalez ordered 60 items impounded at the Clark County court, while she addressed the thorny issue of ownership. The outcome of that decision could lead to her punishing the company that brought the items to auction.
A contempt of court trial has been scheduled for July 16, after Gonzalez decided that Universal Express of Boca Raton, Florida, broke earlier court orders to withhold some of the 1,100-plus items offered at auction.
Joe Coppedge, a lawyer for the auction house, said that the auctioneer had no stake in the continuing dispute and was obeying the court order to deliver the contested items.
Quote:
"Per the judge's order, we have delivered 35 items claimed by Janet Jackson and 23 items claimed by Michael Jackson, with two in transit to Las Vegas."
Judge Gonzalez had accepted a confidential settlement on May 30, allowing the auction to go forward. However, she banned Universal Express from "selling, giving, conveying or transferring by any means" the 25 items specified by Michael Jackson's lawyers. Under the settlement, which had been confidential, Jackson's lawyers dropped their effort to block the auction.
This time in a continuation of the dispute over the "Jackson memorabilia", that was withheld from a recent auction in Las Vegas.
Jackson is seeking the return of the withheld items.
Janet Jackson, Michael's sister, is also seeking the return of items held back during a May 30-31 memorabilia auction at the Hard Rock hotel-casino in Las Vegas.
Judge Elizabeth Gonzalez ordered 60 items impounded at the Clark County court, while she addressed the thorny issue of ownership. The outcome of that decision could lead to her punishing the company that brought the items to auction.
A contempt of court trial has been scheduled for July 16, after Gonzalez decided that Universal Express of Boca Raton, Florida, broke earlier court orders to withhold some of the 1,100-plus items offered at auction.
Joe Coppedge, a lawyer for the auction house, said that the auctioneer had no stake in the continuing dispute and was obeying the court order to deliver the contested items.
Quote:
"Per the judge's order, we have delivered 35 items claimed by Janet Jackson and 23 items claimed by Michael Jackson, with two in transit to Las Vegas."
Judge Gonzalez had accepted a confidential settlement on May 30, allowing the auction to go forward. However, she banned Universal Express from "selling, giving, conveying or transferring by any means" the 25 items specified by Michael Jackson's lawyers. Under the settlement, which had been confidential, Jackson's lawyers dropped their effort to block the auction.
Tuesday, June 05, 2007
Auction Proceeds Queried
The recent auction of Michael Jackson memorabilia was a success, from both the seller's and auctioneer's point of the view.
The only trouble is that they can't agree as to what the proceeds were.
The auctioneer claims that the proceeds were around $1M, whilst the seller says $2M.
A second auction will be held for items that were withheld from sale, or offered for sale but not sold during last week's auction.
No date for the second auction has been set.
The only trouble is that they can't agree as to what the proceeds were.
The auctioneer claims that the proceeds were around $1M, whilst the seller says $2M.
A second auction will be held for items that were withheld from sale, or offered for sale but not sold during last week's auction.
No date for the second auction has been set.
Friday, June 01, 2007
Auction Outcome
The two day auction of Michael Jackson memorabilia, held by Guernsey's Auction House in the Hard Rock Casino and hotel in Las Vegas, seems to have gone well.
A black silk jacket that Jackson wore on stage in the 1980s fetched $17K, whilst the biggest sale was another glittery jacket that went for $19K.
Jackson's MTV music award for the song "We Are the World" made $16K, and gold discs for his album "Off the Wall" and the Jackson 5 single "I Want You Back" each raised $11K.
The auction got off to a shaky start, with several items selling for just a few hundred dollars. A platinum record for "Billie Jean" sold for just $100, and a copy of the contract for Jackson's purchase in 1987 of Neverland sold for just $100.
A black silk jacket that Jackson wore on stage in the 1980s fetched $17K, whilst the biggest sale was another glittery jacket that went for $19K.
Jackson's MTV music award for the song "We Are the World" made $16K, and gold discs for his album "Off the Wall" and the Jackson 5 single "I Want You Back" each raised $11K.
The auction got off to a shaky start, with several items selling for just a few hundred dollars. A platinum record for "Billie Jean" sold for just $100, and a copy of the contract for Jackson's purchase in 1987 of Neverland sold for just $100.
Tuesday, May 29, 2007
The Jackson Auction
A collection of Michael Jackson memorabilia will be auctioned at the Las Vegas Hard Rock Hotel and Casino tomorrow, May 30th.
The event is being billed as the largest Jackson auction ever. There will be over 1,000 original Michael Jackson costumes for sale.
Universal bought the items 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.
Jackson tried to halt the auction, but two weeks ago reached a confidential settlement and dropped the opposition.
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 $30M 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.
The event is being billed as the largest Jackson auction ever. There will be over 1,000 original Michael Jackson costumes for sale.
Universal bought the items 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.
Jackson tried to halt the auction, but two weeks ago reached a confidential settlement and dropped the opposition.
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 $30M 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.
Monday, May 21, 2007
Jackson Drops Suit
Lawyers for Michael Jackson have dropped a law suit that attempted to block an auction of Jackson's personal belongings and other Jackson family items.
Jackson didn't appear in a Las Vegas court on Friday, where his lawyer told a judge that a confidential agreement had been reached with representatives of an auctioneer, the current owner of the materials, and a New Jersey man who claimed a warehouse full of Jackson memorabilia after a failed business venture wound up in bankruptcy court.
Gregory Cross, a lawyer for Jackson, told Clark County District Court Judge Elizabeth Gonzalez:
"The matter's been resolved."
Lawyers declined to describe terms of the agreement.
Jackson didn't appear in a Las Vegas court on Friday, where his lawyer told a judge that a confidential agreement had been reached with representatives of an auctioneer, the current owner of the materials, and a New Jersey man who claimed a warehouse full of Jackson memorabilia after a failed business venture wound up in bankruptcy court.
Gregory Cross, a lawyer for Jackson, told Clark County District Court Judge Elizabeth Gonzalez:
"The matter's been resolved."
Lawyers declined to describe terms of the agreement.
Tuesday, April 10, 2007
Jackson Unhappy With Auction
An auction of 2000 pieces of Michael Jackson memorabilia, that will take place on May 30 and 31 at Las Vegas' Hard Rock Hotel And Casino, is causing Jackson some grief.
The 2,000 pieces are from a larger 10,000 piece collection of Jackson material that was bought from a bankruptcy sale, and subsequently sold to Universal Express a Boca Raton transportation company.
Michael and Janet Jackson had tried to stop the former owner, Henry Vaccaro, from taking ownership of the goods after he purchased them. However, they failed when their suit was rejected last year.
Jackson is now pondering another legal action, to stop the auction.
Raymone K. Bain, Jackson's spokesperson, said:
"Mr Jackson was not aware and he is extremely upset that his memorabilia was included amongst the memorabilia that is being auctioned off."
On the assumption that the items have been obtained legally, I fail to see how Jackson can stop the auction. The US is, after all, a market based economy.
Jackson could bid for the items himself, but he is somewhat short of ready cash at the moment.
The 2,000 pieces are from a larger 10,000 piece collection of Jackson material that was bought from a bankruptcy sale, and subsequently sold to Universal Express a Boca Raton transportation company.
Michael and Janet Jackson had tried to stop the former owner, Henry Vaccaro, from taking ownership of the goods after he purchased them. However, they failed when their suit was rejected last year.
Jackson is now pondering another legal action, to stop the auction.
Raymone K. Bain, Jackson's spokesperson, said:
"Mr Jackson was not aware and he is extremely upset that his memorabilia was included amongst the memorabilia that is being auctioned off."
On the assumption that the items have been obtained legally, I fail to see how Jackson can stop the auction. The US is, after all, a market based economy.
Jackson could bid for the items himself, but he is somewhat short of ready cash at the moment.
Thursday, April 05, 2007
The Jackson Auction
Guernsey's will be auctioning off thousands of items from Michael, Janet, La Toya, Jermaine and the rest of the Jackson Family at Las Vegas' Hard Rock Hotel on the 30th and 31st of May 2007.
Items include:
-"I WANT YOU BACK," ORIGINAL TEST PRESSING, 1969
-HANDWRITTEN "ABC" LYRICS BY TITO JACKSON
-MICHAEL JACKSON "THRILLER" GOLD AWARD, 1982
-MARLON BRANDO TELEGRAM TO MICHAEL, 1984
Items include:
-"I WANT YOU BACK," ORIGINAL TEST PRESSING, 1969
-HANDWRITTEN "ABC" LYRICS BY TITO JACKSON
-MICHAEL JACKSON "THRILLER" GOLD AWARD, 1982
-MARLON BRANDO TELEGRAM TO MICHAEL, 1984
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