LOS ANGELES?A huge sale of Michael Jackson memorabilia due to take place next week has been cancelled, the auction house organizing the sell-off confirmed Tuesday.

Martin Nolan, executive director of Julien's Auctions, told AFP that the hotly anticipated sale had been scrapped after a settlement had been reached with the eccentric pop star's legal team.

Jackson's management company had been attempting to halt the April 22-25 auction despite earlier approving the sale.