Pop legend Michael Jackson's red and black leather jacket has been sold for whopping $1.8 million at auction run by Julien's Auctions Gallery in Beverly Hills. It sold at a price much higher than the expected $400,000.
The jacket was from Jackson's 1983 'Thriller' video. It was designed by Deborah Nadoolman Landis, wife of video and film director John Landis, who co-wrote the film with Jackson.
The jacket was given to Jackson's costume designers to be used as reference for concert performances of the Thriller.
The jacket was bought by Milton Verret. Verret, a commodities trader who hails from Austin, Texas. He said the jacket will be sent on tour and used as a fundraising tool for children's charities, according to Darren Julien, president and CEO of Julien's Auctions.
Part of the funds raised will go to Shambala Preserve, where Jackson's two Bengal tigers have been living since Jackson left Neverland back in 2006, according to Julien's.