NEW YORK: Michael Jackson's iconic black ‘Bad’ jacket, which he wore on his first solo tour, sold for US$298,000 (RM1.24 million) late Saturday – about three times its original asking price – at a New York auction which featured items from music legends Prince, Madonna, John Lennon and others, officials announced.
Julien's Auctions had an original asking price of US$100,000 for the jacket that Jackson signed on the back with a silver permanent marker and was worn throughout the singer's "Bad" world concert tour from 1987-89.
The "Bad" jacket was sold by Texas businessman and philanthropist Milton Verret along with almost 100 other items from his large rock 'n roll memorabilia collection.
The Icons & Idols: Rock-N-Roll auction, which announced the results of the two-day auction late Saturday, also featured electric guitars played by Bob Dylan, Paul McCartney, Eric Clapton, and U2 band members The Edge and Bono.
A guitar Prince used in his final stage performance in 2016 sold for US$156,250 and his motorcycle jacket he wore in the 1984 movie Purple Rain sold for US$37,500, officials said.
Part of the auction proceeds will go to the MusicCares charity arm of Grammy Award organisers the Recording Academy that provides health and other services to musicians.