Beneficiary to Much Contested Estate of Dow Jones Heiress Taps QuikDrop to Sell Assets on eBay

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QuikDrop of Midland has been selected by Mr. Ron Morgan to broker the sale of an extensive estate collection consisting of valuable jewelry, art, artifacts, antiques and furnishings from all over the world; assets of the much-contested Estate of Jacqueline (Jackie) Everts Bancroft Spencer Morgan, an heiress and philanthropist. Items to be auctioned include an original Picasso and 16th and 17th century antiquities purchased from a Phuket, Thailand, temple, prior to the tsunami of 2004.

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On Sunday, July 23, an auction of over $3 million in assets belonging to Ron Morgan, a Beneficiary of Jacqueline Everts Bancroft Spencer Morgan Estate, Dow Jones Heiress, will be held at 2801 26th Street (Corner of 26th and Canton, 7 blocks south of Texas Tech University Campus) in Lubbock, Texas.

As part of the rapidly growing QuikDrop International, with aggressive expansion plans for the Austin, El Paso, Lubbock and San Antonio Areas, QuikDrop of Midland has been selected by Mr. Ron Morgan to broker the sale of an extensive estate collection consisting of valuable jewelry, art, artifacts, antiques and furnishings from all over the world; assets of the much-contested Estate of Jacqueline (Jackie) Everts Bancroft Spencer Morgan, an heiress and philanthropist.

Jackie Spencer-Morgan’s first husband was Dow Jones heir Hugh Bancroft Jr. Mrs. Spencer-Morgan’s fortune came from Bancroft, the grandson of Wall Street Journal founder and co-owner Charles Barron. Mrs. Spencer-Morgan used her money for various philanthropic causes, including the building of the $22 million Spencer Theater in Alto, New Mexico. Ron Morgan was involved in designing the interior décor of the Spencer Theater.

Following a decade of friendship, Jackie Spencer married Ron Morgan in 2000. She was 75 years old. Mrs. Spencer-Morgan died in May 2003. Soon after, Ron Morgan found himself embroiled in a lawsuit with the trustees of his deceased wife’s $50 million plus estate and her children by her first marriage, and national media attention, including Forbes Magazine, Spencer Says ”It's My Money" Forbes 2004.

The Morgans accumulated an impressive collection of Jewelry, Art, Artifacts, Antiques and Furnishings during their extensive world travels to far-flung places throughout Europe, Asia and the Americas. Many of the artifacts and furniture, such as a 10 ½ foot Buddha sculpture from Thailand, were acquired to appoint a home they were building, “The Cedars” - a 26,000 square-foot home located near the Spencer Theater for the Performing Arts in Alto, NM - and numerous other properties owned by the Morgans.

The Sale will offer many 16th & 17th century artifacts from a Buddhist Temple acquired in Phuket, Thailand, acquired prior to the devastation of the 2004 Tsunami; a collection of Lalique of France; an art collection including Matisse, Cezanne, Warhol, Peter Hurd and an important original Picasso; Appraised and Authenticated Estate Jewelry including Henry Dunay, Yurman, Cartier, Gucci, Philip Stein, Corum, H. Stern; European, Asian and African Antiquities and fine furnishings from Kreiss Galleries, Swaim and many custom designed offerings.

The auction, which will include a simultaneous eBay Live auction, Preview and register online starts July 12, 2006 at http://www.estateoflive.com, or interested persons may view items in person July 19th thru July 22, in Lubbock, Texas. Auction begins 12 noon, Sunday July 23, at 2801 26th Street (Corner of 26th and Canton, 7 blocks south of Texas Tech University Campus) in Lubbock Texas. Limited space is available.

Pre-registration and bidder approval required.

Auctioneer: QuikDrop of Midland in conjunction with Scott Emerson, Spring City Auctions, TAL#15051.

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