Auction begins of Jackson Jr.'s capes, memorabilia
Jesse Jackson Jr.
Bidding has begun for a guitar autographed by Michael Jackson, fur capes and about a dozen other items forfeited by prison-bound former congressman Jesse Jackson Jr.
The online auction by the U.S. Marshals Service is its attempt to recoup part of the $750,000 in campaign funds the Chicago Democrat and his wife illegally spent. Both were handed prison terms last month.
A red cashmere cape with fur trim drew the most early action as bidding started at 10 a.m. Tuesday - attracting 16 bids within 15 minutes. The highest bid was $595.
Before the auction started, the highest minimum bid set by the auction house was $350 for a Bruce Lee autograph. But within 15 minutes, not a single person had bid for it.
The auction is taking place at www.txauction.com.
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