Sunday, November 22, 2009

Michael Jackson Auction Fetches Big Money

Handwritten lyrics to the 1983 hit "Beat It," scribbled on a piece of paper, went for $60,000.

New York (CNN) -- More than 80 Michael Jackson collectibles -- including the late pop star's famous rhinestone-studded glove from a 1983 performance -- were auctioned off Saturday, reaping a total $2 million.

Profits from the auction at the Hard Rock Cafe in New York's Times Square crushed pre-sale expectations of only $120,000 in sales.

The highly prized memorabilia, which included items spanning the many stages of Jackson's career, came from more than 30 fans, associates and family members, who contacted Julien's Auctions to sell their gifts and mementos of the singer.

Jackson's flashy glove was the big-ticket item of the night, fetching $420,000 from a buyer in Hong Kong, China. Jackson wore the glove at a 1983 performance during "Motown 25," an NBC special where he debuted his revolutionary moonwalk.

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