Husband to Dow Jones Heiress to Sell Assets in Lubbock Auction - KCBD NewsChannel 11 Lubbock

7/18/06

Husband to Dow Jones Heiress to Sell Assets in Lubbock Auction

People as far away as France, Japan, Canada and Australia are interested in the auction to be held in Lubbock this Sunday.  Bidders can participate online or in person at a store on the corner of 26th and Canton.

Jackie Bankcroft Spencer Morgan and her third husband, Ronnie Morgan of Lubbock, accumulated lavish items from their travels from around the world.  "We're estimating this to be 16th century. It's a Chinese coffer, a script box. It is just one of the pieces they acquired touring Asia," said Stephen Snelson, Quickdrop Auctioneer.

Snelson is handling all of Morgan's estimated $3 million assets. He and his wife were going to fill their 26,000 square foot home they were building in Alto, New Mexico.  Jackie passed away in 2003, before the house was finished.  Morgan now has designer furnishings, one of a kind artifacts and priceless art pieces for sale. "The Asian artifacts are the most interesting things we have.  We have pieces like Picasso, Peter Hurd. We expect some significant action on those items," said Snelson.

Snelson says Morgan is auctioning off many of the 16th and 19th Century items because he does not have room in his house here in Lubbock. "His house is full.  He has an extensive art collection.  A lot of wonderful things he has purchased from all over the world," said Snelson.

If you are wondering how a Lubbock man met an heiress to the Dow Jones fortune, they met while the Spencer Theatre in Alto, New Mexico was being built in honor of her second husband who passed away in 1999, Dr. A.N. Spencer. Morgan was the interior designer on that project.

You can preview the items Wednesday through Saturday from 10 - 6 p.m. The auction is this Sunday starting at noon and closes at 5 p.m.  You must bring a $500 deposit that is refundable.

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