An unnamed Texas-based recording company executive has snapped up two of Anna Nicole Smith's journals from the early 1990s - for $59,750. The two diaries, which failed to sell at a recent auction, were put up for sale at a minimum bid of $25,000 by Heritage Auction Galleries of Dallas. Two unnamed bidders fought for the journals.

The auction house obtained the journals and other memorabilia items from an anonymous German businessman, who purchased the items on website eBay for more than $500,000 several weeks ago. Smith's companion Howard K. Stern attempted to stall the sale of the diaries by alleging they had been stolen.

A spokesman for Heritage Auction Galleries claims experts had investigated the history of the journals and believed they were legitimately obtained by a celebrity memorabilia dealer in Los Angeles.

The diaries, from 1992 and 1994, were originally claimed by a neighbour of Smith's mother Virgie Arthur when he spotted her throwing them out with the trash.

-Anna Nicole Smith Pictures

(This news article provided by World Entertainment News Network)