CTV News | Jackson's Neverland items could hit auction block

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Jackson's Neverland items could hit auction block

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The Associated Press

Date: Wednesday Feb. 27, 2008 8:20 AM ET

LOS ANGELES — Want Michael Jackson's merry-go-round? How about his locomotive, or his curtains?

Those items and more could hit the auction block next month as the pop star's Neverland Ranch will be put up for public sale unless he pays the more than $24 million he still owes on the property.

Financial Title Company has filed a notice of trustee's sale with Santa Barbara County Superior Court, setting the auction date for March 19th.

A spokeswoman for Jackson did not return a call for comment.

Julie Wagner, a manager at the San Francisco-based title company, confirms that Jackson's property is set for auction.

If the property does go to auction, the initial asking price could be higher than the 24.5 (m) million dollars Jackson owes because of interest due and other costs.

Also going up for sale would be all the home's furnishings and items on the property.

The reclusive star no longer lives at the famous thousand-hectare spread in Los Olivos, California.

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