Michael Jackson, the iconic King of Pop, has thrilled his fans once again as his legendary black and red jacket sold for $1.8m yesterday, Sunday June 26.
The incredible amount it sold for was more than four times its original estimate of $200,000-400,000, although the jacket was always likely to sell for a higher price.
The sale of the item, by Julien's auctions in Beverly Hills, was just one part of the incredible auction which also contained a range of other items once owned by the late star, who died just over two years ago.
Other pieces sold included the shirt he wore in 1981 when he performed his trademark moonwalk for the first time live at Motown's 25th anniversary, which made $61,200. The black shirt was typical Jackson, with its punched rhinestones making it ideal for his exuberant performances and persona.
Another lot which produced a fantastic result was his custom-made personalised glove worn to the American Music Awards in 1984, adorned with hand-sewn Swarovski crystals. Expected to sell for between $20,000-30,000, the glove eventually reached $196,800 - more than six times higher than its estimate.
The prices are unsurprising though given Jackson's status as one of the greatest musical stars of all time, so memorabilia connected to him will always be worth huge amounts and could sell for even more in the future.
Similar to items linked to the likes of The Beatles and Elvis Presley, these Jackson pieces are sure to be great investments for collectors thanks to the King of Pop's strong ongoing legacy.
The red and black jacket, one of two used to film the music video for the 1983 song Thriller, was bought by a Texan gold trader. Quite fitting really, as the appreciating values of memorabilia more than rival gold investments.
Milton Verret plans to use it to help raise money by showing it around the world at charity events. He reportedly already owns another one of Jackson's jackets, as well as guitars signed by members of Irish group U2.
Additional lots included in the auction which belonged to other musical legends included Paul McCartney's signed bass guitar for $14,080, Kurt Cobain of Nirvana's signed guitar neck for $32,000 and Elvis' Gibson acoustic for $20,480.
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