Thursday.
One of the priciest items to sell was a black, military style coat with an "M" crest that belonged to Michael Jackson. The coat fetched $24,000, said Guernsey's president Arlan Ettinger.
Several awards sold for similar amounts, including gold and platinum albums presented to the Jacksons for sales of "We are the World" recorded by a group of artists known as USA for Africa, for $20,000 as a set.
Richard Altomare, chief executive of Universal Express Inc., the Boca Raton, Fla., luggage transportation company that owned the items, said he wasn't disappointed at the sales pace, despite his company purchasing the items for $5 million and spending more than $2 million transporting them.
"Universal Express benefited greatly just from the overall exposure of this," he said.
He added the company's collection includes other Jackson items, such as master tapes of hundreds of songs, some never released, that would be sold later.
"We have two times the number of items here still in our warehouse," he said.
The current auction, which wraps up late Thursday, displayed more than 1,100 lots, mostly costumes, documents, awards and other memorabilia.
Altomare shrugged off a last-minute court hearing held Wednesday meant to clarify and enforce a settlement his company reached with Michael Jackson over the auction.
Altomare said his company agreed to pull a dozen items from the auction so bidding could start on time.
Universal acquired the items in March last year from New Jersey businessman Henry Vaccaro, who took possession of them in 2002 after a failed business venture wound up in bankruptcy court.
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