Michael Jackson’s White Glove Sells for 350,000 US Dollars

michael-jacksons-white-glove-sells-for-350000-us-dollars Michael Jackson’s, who died in June, iconic white glove sold for $350,000 (US) at a memorabilia auction block in New York on Saturday, soaring far past pre-sale estimates, while a black jacket he wore during a 1989 world tour fetched 225,000 US dollars.

The Jackson memorabilia was the highlight of an auction of hundreds of rock’n'roll items, including many not associated with the “King of Pop.”

President and CEO of Julien’s Auctions name Darren Julien, which ran the auction called the glove “the Holy Grail of Michael Jackson,” and many expected it to sell for far more than its pre-sale estimate of about $50,000. With the added commission, the final price excluding taxes, ran to some $420,000.

Darren Julien said, “There is no question it is the Holy Grail of Michael Jackson.”

According to Reuters, the buyer was Hong Kong businessman Hoffman Ma.

Bidding for the black, strap and zipper-laden jacket Jackson wore during the 1989 “Bad” tour soared to $225,000, more than 20 times its estimate. With commission, the tab came to about $275,000.

Fans and dealers turned out at the Hard Rock Cafe in New York’s Times Square for the sale that included a car driven by Jackson, as well as David Bowie’s guitar and memorabilia from the Beatles to Bo Diddley.

The auction company said it estimates the value of the glove conservatively at $40 000-$60 000, but expects it to sell for much higher.

“I never got to see Michael, and now that he’s gone this is the closest I could get,” said Jazmynn Moore, 19, a student from Manhattan.

The glove was worn by Jackson when he first staged the famous moonwalk dance at the 1983 Motown 25 television special. The opening bid of $10,000 leaped immediately to $120,000 before peaking at $350,000.

“I have talked to more than 20 very interested serious clients all over the world who will be bidding on the piece and all have expressed interests over $200 000-$300 000,” Julien said.

The majority of the 80 Jackson lots consist of items that come from friends and family he gave the items to, Julien said.

The auction company values the Jackson collection at $80 000 to $100 000, but Julien said its pre-auction estimates are intentionally conservative to help generate interest.

Box-office success of Michael Jackson recent concert film This Is It.

Michael Jackson’s White Glove Sells for 350,000 US Dollars

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