Tuesday, June 30, 2009

Michael Jackson Memorabilia A Cash Cow

LOS ANGELES (Wireless Flash - FlashNews) – Michael Jackson fans are dipping into their life savings to buy a coveted piece of the King of Pop.

Julien’s Auction House in Los Angeles has been handling the sale of many items from Jackson’s estate for a while now, and organizer Darren Julien says the King of Pop’s untimely death has made his memorabilia a gold mine.

The day after Jackson died (Jun. 26), a previously planned auction of 21 of his belongings, including a handwritten note and signed Jackson 5 album, raked in $205,000 even though only $10-12,000 was expected.

Julien says all Jackson memorabilia has exploded in value and will go for five to 10 times the amount it was originally worth, so people should scoop up what they can get or sell what they already have now.

He says, “I think Michael Jackson memorabilia is going to be worth more than Elvis Presley and Marilyn Monroe items. He’s a legend. Nobody can ever compare to the career he had.”

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