Michael Jackson's Neverland Ranch fails to sell at auction
Michael Jackson's former Neverland ranch has failed to sell on a Chinese auction site.
The 2,700-acre ranch has been renamed Sycamore Valley Ranch and was put up for auction on the Chinese site Alibaba with an initial bidding price of $78.7 million.
It is the second time this year that 'Neverland' has failed to sell. In May, the property was listed with Sotheby’s International Real Estate for a massive $100 million.
Some traces of the King of Pop are still to be found at the property despite the renovation and name change. Jackson's huge floral clock remains intact along with the 50 seat movie theatre and Neverland train.
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