Jackson Memorabilia A Big Hit At Anniversary Auction

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June 25, 2010 | 8:50pm EST

The world can’t get enough of Michael Jackson – the King of Pop’s memorabilia has gone under the hammer in Las Vegas for extraordinary prices.
The big sale of clothing, documents and furniture has only just started – and already experts at Julien’s Auctions have been left staggered by the prices items are fetching.

A custom-made jacket, which was expected to go under the hammer at $8,000 (GBP5,300), went for a staggering $120,000 (GBP80,000), while an autograph the late pop superstar gave to a fan the day before he died sold for $21,000 (GBP14,000) – 26 times more than its estimate.

Also among the early highlights, Jackson’s MTV Moonman award for the video of Scream, which went under the hammer for $43,750 (GBP29,170) – more than six times its estimate – and the King of Pop’s signed white fedora hat, which was expected to fetch $3,000 (GBP2,000). That sold for a whopping $56,250 (GBP37,500).

The auction took place on the first anniversary of Jackson’s death.