How Much Will Michael Jackson’s Neverland Fetch On The Open Market?

In 1988, flush with the profits of Thriller, Michael Jackson purchased the Sycamore Valley Ranch for $17.5 million. Today, the Los Olivos, Calif. estate is known to the world as Neverland—and its value has changed even more dramatically than its name.

As FORBES first reported last night, billionaire Tom Barrack’s Colony Capital is preparing to place the 2,700-acre property on sale, six years after it took over a $23 million note on Neverland and became its managing partner. In an interview for...