A red and black leather jacket worn by Michael Jackson in the video to 'Thriller' has sold for $1.8m at auction a day after the second anniversary of his death.
The signed garment far exceeded its lower estimate of $200,000 when sold this weekend at Julien's in Beverly Hills.
Auction administrator Darren Julien told the press that the lot was purchased by Texan entrepreneur Milton Verret, who plans to take it 'on tour' to raise money for children's hospitals.
Jackson wore two jackets in the video and the second garment is on display at the Rock and Roll Hall of Fame in Cleveland. Julien had previously described the jacket as "the most recognised and significant piece of pop culture".
A portion of the sale proceeds will be donated to the Shambala wildlife reserve, which is home to two Bengal tigers once owned by Jackson named Thriller and Sabu.
Marilyn Monroe's 'subway' dress from The Seven Year Itch also exceeded its estimate when sold at auction earlier this month. The actress wore the outfit in a scene where air from a passing train blows the dress up around her head.
It had been predicted to sell for between $1m and $2m, but was ultimately purchased for $4.6m.
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