Tuesday, June 30, 2009

Jackson’s vinyl record sells for $33,750

I took a look at eBay and in my estimation, Jackson vinyl is selling for about double what it says in the record price guides. But, here is a very rare and signed LP that obviously fetched a very high price:

MICHAEL Jackson memorabilia auctioned off the day after his death fetched $205,000, exceeding original estimates of $10,000 to $12,000.

The auction, planned before the pop star’s June 25 death, included a sheer, long-sleeve shirt worn on his 1984 “Victory” tour and a handwritten letter, according to an e- mail from Darren Julien, chief executive of West Hollywood, California-based Julien’s Auctions.

A copy of a Motown Records LP (long-playing record) produced to coincide with the Jackson 5’s September 1971 “Goin’ Back to Indiana” prime-time ABC-TV special sold for $33,750, compared with Julien’s estimate of $400 to $600. It is signed in black permanent pen by Tito, Marlon, Jackie, Michael, and Jermaine Jackson, who are all featured on the cover, the auctioneer said.

The album also includes the signature of Randy Jackson, who officially joined the band when he replaced Jermaine in the 1970s, Julien’s said.

The prices underscore the heightened interest in Jackson’s music and memorabilia following his death from a suspected cardiac arrest in Los Angeles. Albums featuring Jackson, who died at age 50, occupied the top 14 rankings for best-selling music at Amazon.com Inc., according to the Seattle-based retailer’s Web site.

“Michael was highly collectible in the first place,” Julien said in an interview.

“We actually contemplated pulling the lots after his death. We didn’t want anyone to think we were taking advantage of the situation, but a fan told us, we need to celebrate Michael’s life.”

The custom long-sleeve shirt was expected to sell for $1,000 to $1,500 and went for $52,500, Julien’s said.

It has a white spandex lining and is completely covered in small pearls on one side and a combination of pearls and Swarovski crystal on the other. It was created by designer Bill Whitten and was once part of the collection of David Gest, former husband of Liza Minnelli, according to the auction house.

The handwritten letter had a pre-sale estimate of $200 to $300 and sold for $12,500, the company said

No comments: