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Jackson Jacket Thrills Buyer for $1.8M at Auction

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The red leather jacket worn by late pop star Michael Jackson was purchased at auction today for $1.8 million. The winning bidder was Milton Verret of Austin, Texas, according to ABC7. The auction was held by Julien's Auctions in Beverly Hills.

Considered one of the most well-known pieces of clothing from pop music, the jacket, made by Marc Laurent Paris, was expected to go for about $400,000.

Verret isn't about to don the jacket, though, and do a ghoulish dance. Instead, he says he will use the jacket as a way to raise funds, by sending it on a tour to raise money for children's charities. Some of the money from today's auction of the jacket will go to The Shambala Preserve, where two of Jackson's Bengal tigers, Thriller and Sabu, have been cared for the past five years.

On Saturday, crowds flocked to the Hollywood Walk of Fame to Jackson's star, on the second anniversary of the music legend's death.