Everyone knew Michael Jackson was crazy. He would always spend money on outrageous things like animals, parks, etc. People heard stories about his spending sprees on antiques and weird arts, and now we are learning that Jackson was actually very brilliant in his findings. We have learned now that Jackson has valued artwork that has been kept secret that is work up to 970 million dollars, and will be worth even more eventually.
There is one problem though, some how a many is trying to steal and sell the storage area that the artwork is in for 87 million to an international collector. Lawyers are currently trying to stop the sell of the work as it belongs to Jackson’s children.
Radar reported:
Michael Jackson secretly left behind an almost billion-dollar secret art fortune that is now at the centre of an international tug of war, Star has exclusively learned.
The never-before-seen collection would have insured the King of Pop’s surviving children were looked after for life. But in a startling twist, the secret vault has been sold out from underneath them, at a ‘bargain basement’ price, relatively speaking.
Lawyers running the late Thriller singer are moving to block the $87.7 million sale to an undisclosed international businessman, in a desperate attempt to return the incredible treasure to Prince, 13, Paris, 12, and Blanket, 8, and their guardian, Jackson’s mother Katherine.
In an astonishing appraisal of the 182-pieces, obtained exclusively by Star, the “rare intact major collection” was valued at a whopping $902.52 million, with “an invaluable pedigree for future sales in the international art market.”
“Michael’s mystique in life combined with this exposure of his wonderful fine art creations following his tragic death will escalate the value of these works and the popularity of his artistic vision worldwide,” appraiser Eric Finzi, a certified member of the International Society of Appraisers, wrote in a document obtained by the magazine.
“I do not think we have begun to see the true value of this fine art yet.”
The loot is so valuable that it’s worth almost more than Jackson’s other assets combined, including copyrights to his pop hits and the Beatles’ catalog, which he purchased in 1998 for $47.5 million.
Here is the thing, the man trying to sell his artwork is stating that Jackson gave the art to him. Of course there is no legal transfer of the art to this man, so there is no proof. He is going to be crap out of luck. And why is this man so stupid for selling this artwork for less than 10 percent of it’s worth?
Ketching Up to Do
- Keri Russell is knocked up again–celebritybabyscoop
- James Spader is the new Office boss–SeriouslyOmg
- Chelsea Handler fires half her staff–popbytes
- Blake Lively is moving in with Leo–limelife
- Brooke Mueller is scared of Comedy Central–BittenBound
- Weston Cage and wife in domestic battery charge–Eonline
- Bow WOw has a kid–JustJared
- Details on Charlie Sheen’s new show–TMZ
- Arrested Development movie is a go–Huff Po
- Jake Gylennhaal eats a worm on Man vs. Wild–People
- True Blood nudity (NSFW)–Mr.Skin
- Taylor Momsen flashes concert goers again–Egotastic
- News of the World shuts down after hacking scandal–Radar
- Johnny Depp makes over 350 million in Pirate films–celebitchy
- Woman may sue over Michael Jordan love letter–Yahoo Sports
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