By Kate Ward
Updated April 15, 2009 at 01:50 PM EDT

An auction of thousands of Michael Jackson’s possessions was canceled Tuesday following a settlement between the pop singer and Julien’s Auction House, in which the two parties reached a solution regarding whether or not the items should have ever been on sale (Jackson’s production company had sued Julien to stop the auction in March). Though terms of the agreement have not been disclosed, Jackson has been allowed to keep his possessions, and Julien’s will still hold an exhibition of Jackson’s things that’s open to the public. Jackson’s spokesman Dr. TohmeR. Tohme and auction organizer Darren Julien issued the following joint statement: “There was so much interest from so many of Jackson’s fans that insteadof putting the items in the hands of private collectors, Dr. Tohme andJulien’s Auction House have made arrangements that will allow thecollection to be shared with and enjoyed by Jackson’s fans for manyyears to come.”