trinixdeangelov
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 | Subject: Michael Jackson's famous white glove has been sold for £210,000  Mon Nov 23, 2009 3:55 am | |
| Michael Jackson's famous white glove has been sold for £210,000 at a memorabilia auction, far exceeding pre-sale estimates. The Jackson memorabilia was the highlight of an auction of hundreds of music items.
Darren Julien, CEO of Julien's Auctions, called the glove "the Holy Grail of Michael Jackson".
With added commission, the final price was around £250,000. The item had been given a pre-sale estimate of around £30,000. The buyer was Hong Kong businessman Fossman Ma.
The black jacket that Jackson wore during the 1989 Bad tour was sold for £136,000, more than 20 times its estimate.
Other lots in the auction at the Hard Rock Cafe in New York's Times Square included a car driven by Jackson, David Bowie's guitar and memorabilia from the Beatles.
"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 rhinestone-studded, modified golf glove was worn by Jackson when he first performed the moonwalk at the Motown 25th Anniversary concert in 1983. Most of the 80 Jackson lots were items that came from friends and family to whom Jackson had given them, the auctioneer said.
Jackson was something of a collector himself, having paid around £1m for the Gone With the Wind best picture Oscar, one of the highest prices ever paid for memorabilia at auction.
The auction house had valued the Jackson collection at $80,000 to $100,000. But Julien said such pre-auction estimates were intentionally conservative to help generate interest. Many of Jackson's items sold for 10 or even 20 times the estimates.
Julien's had been preparing for a huge auction of Jackson memorabilia in April that was cancelled after an agreement with Jackson, who had filed a lawsuit demanding the return of certain items. During the promotion for that sale, Julien's had amassed a large database of Jackson collectors from Asia to the Americas, and many of the winning Internet bidders were from Japan or Hong Kong. | |
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