Entertainment

Michael Jackson's 'Thriller' jacket could go for $400K at auction

Monday, June 13, 2011

One of the most recognizable garments in music is going on the auction block.

Michael Jackson's red jacket from the "Thriller" video is among hundreds of items described as the most historic collection of music memorabilia being offered to the public.

The famed jacket could fetch up to $400,000.

"It's probably the best auction we have ever assembled," said Martin Nolan, executive director of Julien's Auctions. "The value of the total sale we have is conservatively estimated at $800,000 to $1 million."

Nolan says the music icons' auction will take two days and for good reason. Items from some of the biggest names in music will go on the block. Items like Johnny Cash's guitar, a stage Jimi Hendrix played on and Ringo Starr's jacket.

But one icon in particular will steal the show at the auction to be held June 25 and 26 in Beverly Hills.

"Michael's global appeal continues to rise," Nolan said. "This is the legacy. This is what Michael Jackson wanted. What would be his legacy? And we have it."

Other items that belonged to Michael Jackson are also for sale, like one of his wigs and the actual glove he wore to the American Music Awards in 1984.

"But the most iconic piece is that red 'Thriller' jacket that Michael Jackson wore," in 1983, Nolan said.

The opening bid is expected to be $200,000 and Nolan says it most likely won't tap out until the price goes platinum.

"It's such an iconic jacket, I think that this will be the item that we sell that will break a million dollars," he said.

Everyday music fans won't be shut out of the auction. Of the 600 or so items for sale, some start at $100.

The auction at the Julien's Auctions Gallery in Beverly Hills is open to the public for free.

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