00019130 jacko200 Jackson Drops Auction Action

 Lawyers for Michael Jackson on Friday dropped an effort to block an auction of the pop star’s personal belongings and other Jackson family items, including Jackson’s gold record for his “Thriller” album.

Jackson, 48, had sought to prevent the auction and force the return of items he claimed were personal property, court documents show.

The Boca Raton, Fla., luggage transportation company that owns the items claimed the materials were worth about $50 million, according to court records.

Arlan Ettinger, president of Guernsey’s auction house of New York, said outside the courtroom that the auction will go on as scheduled May 30-31 at the Hard Rock hotel in Las Vegas.

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