Michael Jackson auction canceled

April 15, 2009  |  2:00pm
A few weeks back, we reported that Michael Jackson was auctioning off more than 1,000 of his most decadent items from his infamous Neverland Valley Ranch in California. Now, according to Reuters, the event, which was set for April 22, has now been cancelled, and all of the items, including his Rolls Royce stretch-limo and the gates to Neverland, will be returned to the King of Pop.

This comes after Jackson's production company, MJJ Productions, filed a lawsuit back in March demanding the return of undisclosed items. Although a Los Angeles judged ruled that the auction could still take place, Jackson's people and Julian's Auctions, the company handling the event, decided to settle the dispute out of court. No word on the deal, but Julian's Auctions had reportedly invested $2 million in preparation and was expecting a large turnout.

For die-hard Jackson fans, the goods will be on display in Beverly Hills through April 25.

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