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Michael Jackson Glove Sold For $350K, famous sequined white glove Michael Jackson wore during the world premiere of his famous Moonwalk in 1983 went for $350,000 at an auction at in New York City on Saturday.

The buyer was a Hong Kong businessman, Hoffman Ma, who told FOX News that he had come prepared to spend much more than that to own a piece of history.

“It was a fairly good discount,” said Ma, a 36-year-old lifelong Jackson fan who bought the pop-music treasure on behalf of the Ponte 16 Resort Hotel in Macau. Including taxes and fees, Ma will pay $420,000 for the rhinestone-studded, modified golf glove Jackson wore on his left hand for his infamous Moonwalk on the Motown’s 25th Anniversary TV special in 1983. Michael eventually gave the glove to Walter “Clyde” Orange, of soul group The Commodores.

The Moonwalk glove was the top-sellling item in a collection of Jackson memorabilia that went on the auction block at the Hard Rock Cafe in Times Square this weekend. Its pre-auction estimate was just $40,000 to $60,000. A jacket that Jackson wore on his 1989 “Bad” tour was the day’s second bestseller. It fetched $225,000 – 20 times its low estimate of $8,000.

Among the other MJ belongings that went on the hammer Saturday: a pair of sparkle-encrusted shoes, portraits of Charlie Chaplin drawn by the singing legend when he was just nine years old, a black shirt signed by Jackson, hats, a 1985 Mercedes, handwritten letters, a fedora, and travel souvenirs.

The King of Pop passed away of an overdose on June 25. Source popcrunch.com