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No bids for Jackson portrait

Los Angeles: The outlook for the sale of a one-of-a-kind Michael Jackson portrait isn`t thrilling.

The eBay.com auction of a fantastical portrait the King of Pop posed for before his death ended with no bids, according to the auction`s organizer. The painting`s owner had hoped to fetch millions for "The Book," a 50-by-40-inch painting by Australian artist Brett-Livingstone Strong of Jackson wearing a red velvet jacket and clutching a journal.

"I have two parties considering it, so perhaps I will have a buyer soon," organizer Marc Samson said Wednesday.

The painting`s owner, Marty Abrams, anticipated the portrait, originally sold to Japanese businessman Hiromichi Saeki for $2.1 million in 1990, would go for over $3 million in the auction, which required a minimum starting bid of $2.75 million. The toy inventor acquired the painting with his partner, John Gentilly, in 1992 from Saeki as payment on a debt.

For over 17 years, Abrams kept the painting in storage in a New Jersey warehouse. It was briefly on display at Dancy-Power Automotive showroom in New York`s borough of Harlem after Jackson`s death last June. Abrams said last month the portrait, which also features a Peter Pan statue painted behind a seated Jackson, was now hanging inside his home in Kings Point, NY.

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