"King of Pop" leather jacket sold at auction for a high price
At the Prop Store Auction, a number of memorabilia from music greats are going under the hammer. Among them is a leather jacket from Michael Jackson. Despite a price of more than a quarter of a million euros, the proceeds for the item of clothing fell short of expectations.
A leather jacket worn by Michael Jackson (1958-2009) has gone under the hammer at an auction in London lasting several days. The King of Pop wore the jacket for a Pepsi advertisement in the 1980s, among other things. According to a report by the British BBC, the black and white leather jacket was sold for 250,000 pounds, the equivalent of around 285,000 euros, at the Prop Store Auction. It had previously been estimated to be worth between 200,000 and 400,000 pounds and therefore probably fell somewhat short of expectations.
Other items on offer included memorabilia relating to Queen, David Bowie (1947-2016), the Beatles, Oasis, AC/DC, Eric Clapton, 78, George Michael (1963-2016), Elvis Presley (1935-1977) and Amy Winehouse (1983-2011). Meanwhile, a jacket worn by George Michael for his music video for the Aretha Franklin duet "I Knew You Were Waiting (For Me)" from 1987 exceeded expectations. At an estimated 30,000 to 60,000 pounds, the piece ultimately went to the highest bidder for 93,750 pounds.
Another highlight was a hairpiece worn by Winehouse for the music video for "You Know I'm No Good", which fetched a price of 18,750 pounds. Meanwhile, a guitar played by AC/DC co-founder Angus Young, 68, with an estimated value of 30,000 to 60,000 pounds failed to find a buyer. A Beatles jukebox in the "Yellow Submarine" design, estimated at 8,000 to 16,000 pounds, was also not auctioned.
The leather jacket Michael Jackson wore in a Pepsi advertisement and other entertainment appearances was sold for a significant sum at the Prop Store Auction. Despite the high price of 285,000 euros, the final proceeds for the iconic 'King of Pop' jacket fell slightly short of the initial expectations.
Source: www.ntv.de
