Celebs & Money: King of Pop must don the Glove, moonwalk back to work


Michael Jackson's money troubles are no secret. Amid foreclosure rumors on Neverland, and secret deals that he'll have to sell the Beatles catalog to pay his lenders, Jackson's years of spending have caught up to him. But he'll do anything to make you think otherwise, including renting a $100,000 a month mansion in L.A. to keep up appearances.

After having tried to block an auction of his valuables for years, an April auction will sell off over 2,000 of his personal effects, including costumes, artwork, and Neverland memorabilia. If you've got some cash to burn, you could pick up some crystal-studded socks, valued at $600-$800, a golf cart with MJ as Peter Pan painted on the hood for $4,000-$6,000, or the big ticket item, a one-of-a-kind Rolls Royce limousine, custom designed by Jackson for $140,000-$160,000. Yesterday, Jackson filed a lawsuit against Julien auction house, claiming the sale illegal, but the auctioneers maintain that Jackson was apprised of everything before the sale.