A hotel in the glitzy Asian gambling haven of Macau will display Michael Jackson's rhinestone-encrusted glove after paying $350,000 for the piece of pop history at auction.
Jackson wore the sparkling glove when he performed his first 'moonwalk' dance in 1983. The auction in New York on Saturday featured more than 70 items from the late pop icon's career.
Hoffman Ma, deputy chief executive of the Ponte 16 gaming resort, made his winning bid on the hotel's behalf. With commission included, the glove cost $420,000 in total.
The five-star hotel will open a gallery early next year to showcase the glove and nine other Jackson items from the auction.
Macau, a former Portuguese colony, was handed back to China in 1999 and is the only city on Chinese soil to allow casino gambling.
The decision to buy Jackson memorabilia had been discussed by Ponte 16's senior executives for several months.
Among the nine other items that Ponte 16 bought were a pair of sequin-encrusted socks, portraits of Charlie Chaplin drawn by Jackson as a child, and a shirt he wore in his iconic 'Thriller' video.
The pre-sale estimate was for the glove to fetch a modest $40,000 to $60,000.
