Lawyers running Michael’s Estate are moving to block the $87.7 million sale to an undisclosed international businessman, in a attempt to return the incredible treasure to Prince, 13, Paris, 12, and Blanket, 8, and their guardian, Michael’s mother Katherine. In an astonishing appraisal of the 182-pieces, obtained exclusively by Star, the “rare intact major collection” was valued at a whopping $902.52 million, with “an invaluable pedigree for future sales in the international art market.”
“Michael’s mystique in life combined with this exposure of his wonderful fine art creations following his tragic death will escalate the value of these works and the popularity of his artistic vision worldwide,” appraiser Eric Finzi, a certified member of the International Society of Appraisers, wrote in a document obtained by the magazine. “I do not think we have begun to see the true value of this fine art yet.”
The loot is so valuable that it’s worth almost more than Michael’s other assets combined, including copyrights to his pop hits and the Beatles’ catalog, which he purchased in 1998 for $47.5 million.
MJ built the extensive collection of sculptures and sketches that he drew while being taught by an Australian artist, Brett-Livingston Strong, who was a close friend. Strong and his advisors orchestrated the deal recently, Star has learned.
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