$350k For MJ Glove

A five-star hotel in Macau made the winning bid for Michael Jackson’s sequined glove at an auction of some of the late singer’s effects in New York Nov. 21.

Hoffman Ma, deputy chief executive of Macau gaming resort Ponte 15, made the bid at $350,000. With commissions, the total cost for the glove will be $420,000. The presale estimate for the item was a mere $40,000 to $60,000.

The hotel plans to open a gallery next year to show off the glove and nine other Michael Jackson items it purchased at the auction, including some sequined socks, portraits of Charlie Chaplin that Jackson drew as a child and a shirt he wore in the “Thriller” video.

A hotel representative told media that executives had been discussing purchasing Jackson memorabilia for months before the auction.

They hope to turn the hotel gallery into a “gathering place in Asia” for Jackson fans.

Jackson never performed in China.