Jackson's glove sells for $350,000 at auction
Items at Times Square event exceed pre-sale estimates
November 23, 2009, 8:26 a.m.
STAFF REPORT
Michael Jackson's famous white glove sold for $350,000 at a memorabilia auction on Saturday, exceeding pre-sale estimates.
The Jackson memorabilia was the highlight of an auction of hundreds of rock 'n' roll items.
Darren Julien, CEO of Julien's Auctions, which ran the auction, called the glove "the Holy Grail of Michael Jackson. The glove was worn by Jackson when he first staged the famous moonwalk dance at the 1983 Motown 25 television special.
Its pre-sale estimate was about $50,000. The buyer was Hong Kong businessman Hoffman Ma.
A black, strap and zipper-laden jacket Jackson wore during a 1989 "Bad" tour fetched $225,000, more than 20 times its estimate.
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.