Michael Jackson: Glove gets auctioned for 350,000 dollars
The famous white gloves of Michael Jackson , was sold for 350,000 dollars at an auction run by Julien's Auctions on Saturday.
Among hundreds of rock'n'roll items, the Jackson memorabilia was the highlight of the auction.
The 'Moonwalk-glove' fetched far past pre-sale estimates, while a black jacket he wore during a 1989 world tour fetched 225,000 dollars.
The glove was called 'the Holy Grail of Michael Jackson,' by Darren Julien, the CEO of Julien's Auctions and many expected it to sell for far more than its pre-sale estimate of about 50,000 dollars.
Hong Kong based businessman Fossman Ma paid nearly 420,000 dollars for the gloves, with the added commission and excluding the taxes.
Bidding for the black, strap and zipper-laden jacket Jackson wore during the 1989 "Bad" tour soared to 225,000 dollars, more than twenty times its estimate. With commission, the tab came to about 275,000 dollars.
The sale held at the Hard Rock Cafe in New York's Times Square included a car driven by Jackson, as well as David Bowie's guitar and memorabilia from the Beatles to Bo Diddley.
Jazmynn Moore, nineteen-year-old student from Manhattan said: 'I never got to see Michael, and now that he's gone this is the closest I could get.'
Jackson wore the glove when he first staged the famous moonwalk dance at the 1983 Motown 25 television special.
The opening bid of 10,000 dollars leaped immediately to 120,000 dollars before peaking at 350,000 dollars .
According to the auctioner, most of the 80 Jackson lots consisted of items that came from friends and family to whom Jackson had given them.
Jackson was somewhat of a collector himself, having paid more than 1.5 million dollars for the 'Gone With the Wind' best picture Oscar statue at Sotheby's auction, one of the highest prices ever paid for memorabilia at auction.
Julien said that the auction house the pre-auction estimates for the Jackson collection were kept between 80,000 dollars to 100,000 dollars, only to help generate interest.
Many of Jackson's items sold for more than ten to twenty times the estimates.