No one in China made a bid on Michael Jackson's Neverland

The famous compound once owned by the late Michael Jackson, Neverland Ranch, now known as the Sycamore Valley Ranch has again failed to attract a buyer.

This week the property was up for grabs on the Chinese auction website site Taobao. The starting price was set at 500 million yuan ($AU110.8 million), but it didn’t attract a single bid.

The peculiar property is spread over 1133 hectares in California’s Santa Barbara County. It comes with its own zoo and amusement park. 

A screenshot from Chinese auction website site Taobao.

Though the King of Pop lived there for 15 years, Colony Capital became Neverland’s managing partner in 2007, paying Jackson’s $23 million debt after he was forced to default.

The investment firm then made its first attempt to sell the ranch for $100 million ($AU140.8 million) in 2009, six years after Jackson’s death, with no luck. 

Hopes were high prior to auction day. Suzanne Perkins of Sotheby’s International Realty told Business Wire: “There are over two million millionaires in China right now and many in the correct age demographic to have grown up listening to Jackson.”

This leaves us to wonder, if a buyer hasn’t yet stepped forward, will Neverland ever sell? Who knows…all we know is that the Americans and Chinese aren’t too thrilled.

Images and Video: The Pinnacle List