Michael Jackson’s $1.5 million Gone With the Wind Oscar goes missing
According to The Hollywood Reporter, the Oscar for Best Picture awarded to Gone With the Wind producer David O Selznick – which Jackson had purchased in a Sotheby’s auction – is no where to be found.Oscars 2016 Updated: Feb 28, 2016 14:03 IST
When Michael Jackson died in 2009, his assets were immediately taken into account by executors of his estate. However, nearly seven years later, it has been discovered that one of Jackson’s most prized possessions has gone missing.
According to The Hollywood Reporter, the Oscar for Best Picture awarded to Gone With the Wind producer David O Selznick – which Jackson had purchased in a Sotheby’s auction – is no where to be found.
The late King of Pop bought the 1940 Best Picture statuette for $1.54 million - considerably more than its $3,00,000 worth - at an auction in 1999, but executors of his estate are now unable to find the trophy.
“The estate does not know where the Gone With the Wind statuette is,” Jackson’s attorney Howard Weitzman told The Hollywood Reporter. “We would like to have that Oscar because it belongs to Michael’s children. I’m hopeful it will turn up at some point.”
Jackson’s three children, Michael, 19, Paris, 17, and Prince, 14, as well as his mother Katherine Jackson, were named beneficiaries of the trust he established and to which he left all his assets, according to the term’s of his 2002 will. Michael’s famous Neverland ranch recently went up for sale for $100m.
It is unclear whether the Billie Jean hitmaker kept the Oscar - which was awarded to legendary producer David O Selznick - at his Neverland estate in California, the Los Angeles home he shared with the children, when he died, or even at a storage facility.
Madonna with Michael Jackson at Academy Awards (1991). (Pinterest)
In November 2008, Michael transferred the title of Neverland to Sycamore Valley Ranch Company LLC - a joint venture between him and a Colony affiliate.
The Beat It hitmaker purchased the ranch - which was named after the fantasy island which features in Peter Pan, a book series by novelist JM Barrie - for $19.5m in 1987.
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First Published: Feb 28, 2016 11:22 IST