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October 11, 2010

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King of Pop still reigns at auction

AN old Spalding basketball signed by Michael Jackson and Michael Jordan fetched US$294,000 at an auction of celebrity memorabilia, touted as the largest in Asia, in Macau.

Up to 400 items were up for sale, including a Marilyn Monroe black lace bra, a pair of Spock's prosthetic ears from "Star Trek," Bruce Lee shoes, a Batman costume and Beatles memorabilia in a marathon, US$3.2 million sale that ended late on Saturday evening.

Bidding was mixed at times, but picked up substantially for memorabilia linked to the late King of Pop. The basketball - used in the 1992 music video "Jam" - saw ferocious raising of paddles before an American online bidder finally snared it for US$294,000, smashing the pre-sale estimate of US$600.

Another star lot, a black Michael Jackson glove and arm brace fetched US$216,000, while a "BAD" era "Beat It" jacket went for US$156,000, more than 19 times its pre-sale estimate.

Other highlights of the Macau sale, intended to tap into Asia's growing affluence and infatuation with pop culture, included Michael Keaton's costume in "Batman Returns" that sold for US$43,750 and a burgundy, velvet ball gown worn by Princess Diana, bought by a museum in South America for US$114,000.

Martial arts master Bruce Lee's yellow adidas sneakers worn in his last, unfinished movie, "Game of Death," fetched US$12,500.


 

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