Page last updated at 11:04 GMT, Friday, 12 December 2008

Jackson to sell personal effects

Michael Jackson
Michael Jackson has suffered financial problems in the past

Singer Michael Jackson is arranging an auction at which he plans to sell his personal memorabilia.

Some of the 2000 items include the wrought iron gates from his Neverland Ranch and one of the white gloves he wore in his 1983 Billie Jean video.

Auctioneer Darren Julien said Jackson had been sorting through his personal memorabilia and art collection and had "complete control" over the sale.

The five-day auction is set to take place in Beverly Hills in April.

Sprawling property

"We have been working closely with him for five months and he is in complete control of this," Mr Julien said.

He added that a similar white glove once owned by Jackson fetched $35,000 (23,452) at an auction in 2006.

A year before that the singer's white socks went for $15,000 (10,000).

This is something that Michael is doing of his own free will. He is not being forced into it
Darren Julien, auctioneer

In November, the 50-year-old star lost ownership of the Neverland ranch in California.

He filed legal papers which made the Sycamore Valley Ranch Company the new owner.

The company is linked to investment firm Colony Capital, which bailed the singer out in March when he owed $24.5m (16m) on the property.

The refinancing deal meant Jackson could keep the sprawling property, but he is still planning to sell off the ranch gates.

Julien has refused to estimate how much they could go for.

Neverland Ranch
In November Jackson lost ownership of Neverland

"We have not put an estimate on the gates yet. There is a lot of history there," he said.

The 2,700-acre ranch once included a zoo, a lake and an amusement park.

It was also the place where prosecutors claimed Jackson had molested young boys during sleepovers.

Jackson has not lived there since his acquittal on child molestation charges in 2005.

'Free will'

The auction catalogue will sell for $100 (67), with a limited signed edition available for $500 (335).

A portion of the sale proceeds will go to the charity Musicares.

Last month, Jackson was taken to court by an Arab sheik, who claimed the singer owed him millions for reneging on a music contract.

They eventually settled out of court.

However, Mr Julien insisted the star was not being forced into selling off his items.

"This is something that Michael is doing of his own free will. He is not being forced into it," he said.

Highlights of the collection will go on a tour expected to include London, Tokyo, New York, Dubai and Santiago.

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24 Nov 08 |  Entertainment
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