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"It's been our hopes to resolve this in the beginning, when the lawsuit was filed," Julien said. "It was in our best interest to resolve it. We continue to have great respect for Michael Jackson. ... I guess you could call it the greatest auction that never happened." The singer has struggled financially following his arrest in 2003 on charges that he molested a 13-year-old boy. A jury acquitted him of all charges. Last year he faced foreclosure on Neverland, the 2,500-acre property nestled in the hills of Santa Barbara County's wine country, 120 miles northwest of Los Angeles. He was bailed out by Colony Capital, and months later transferred the deed to Neverland to another entity he partially controls. Jackson plans a series of concerts in London in July that he has said will be his last in the British capital. Julien has been entrusted to preside over numerous auctions of famous memorabilia. Some recent celebrity sales have included items once belonging to Ozzy Osbourne, Bob Hope and rare behind-the-scenes footage of Marilyn Monroe and Clark Gable on the set of the film "The Misfits."
[Associated
Press;
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