Sunday, 22 November 2009

Michael Jackson's Glove Goes For £210,000 At Auction


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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