The shimmering, white glove Michael Jackson wore when he premiered the moonwalk in 1983 has been auctioned off for $350,000.
The winning bidder was Hong Kong native Hoffman Ma who, after taxes, will pay $420,000 for the rhinestone-studded glove -- a price Ma called a "fairly good discount."
The moonwalk glove's pre-auction estimate was $40,000 to $60,000. But the glove wasn't the only item to go for more than organizers thought.
A jacket that Jackson wore on his 1989 'Bad' tour went for $225,000 -- it was estimated at $8,000 -- and a fedora Jackson wore sold for $22,000, ten times its estimate.
There were more than 300 items from the likes of The Beatles to Elvis Presley but Jackson's items were the most coveted by a longshot due to his sudden death earlier this year.
The shimmering, white glove Michael Jackson wore when he premiered the moonwalk in 1983 has been auctioned off for $350,000.
