MJ is in dire need of money these days. Michael Jackson’s debt-stricken life knows no other way out but to sell off his personal belongings as a means to gain good hard cash. MJ was recently rumoured to be living a life like a commoner with no extra luxuries to go by. He has, several times in the past, sold off his belongings at Auctions, online or general to gain money.

This time, Michael Jackson’s memorabilia has been collected which is well expected to fetch at least $1.5 million (£1.1 million) when it goes under the hammer in April (09). The ‘Thriller’ pop star who is said to be as cash strapped as ever is reportedly selling off more than 2,000 personal belongings from his debt-ridden Neverland Ranch estate for the Julien’s Auctions sale in Beverly Hills.

Investors at the Sycamore Valley Ranch Co., a joint venture between Jackson and an affiliate of Colony Capital Llc agreed to take over the singer’s $24.5 million (£17.2 million) debt on the property after Jackson repeatedly failed to keep up with the $3 million (£2.1 million)-a-year running costs and was forced to sell the $25 million (£17.5 million) estate.

MJ’s valued personal items as well as certain showbiz items are being planned, to be sold, which include a glittering white glove covered in Swarovski crystals that Jackson wore for a stage performance of Billie Jean. the glove is estimated to sell for as much as $15,000 (£10,510) and the gates to the120-acre ranch, which are estimated to go for at least $20,000 (£14,015).

MJ has always remained a superstar leading a life of a bohemian never thinking of the consequences. MJ’s fall in popularity and absence in stage shows spell the doom in his starry life. Michael has evaded public appearances and live performances in the recent past. He has reportedly been busy with new music but nothing has come up. His personal disasters never really brought him back to stardom that he enjoyed in his heydays.

Jackson’s 1999 Rolls-Royce Silver Seraph limo, decorated in 24-karat gold, is expected to fetch another $140,000 (£98,110). Julien’s Auctions president Darren Julien tells the New York Post, “Michael Jackson was a collector of everything. We’ve never seen a collection that is as extensive and eccentric as his”.

MJ has other plans as well. He wants to donate a portion of the proceeds from the auction to MusiCares, a charity which aims to help musicians in need. A preview of the auction items will be held from 24 to 29 March (09) at the Hard Rock Cafe in New York’s Times Square.

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