Michael Jackson's Bejeweled White Glove Sells for Nearly $50G

MELBOURNE, Australia – A bejeweled white glove Michael Jackson tossed to an Australian fan more than a decade ago sold at auction Sunday for $48,400, almost twice the estimated selling price.

Warwick Stone, a buyer for the Hard Rock Hotel and Casino in Las Vegas, beat out five other bidders for the late King of Pop's glove, said Charlotte Stanes, spokeswoman for the Melbourne auction house Bonhams and Goodman.

"We are very happy with the result," Stanes said. "It's the first glove we know about in Australia."

Bonhams and Goodman said it was the first auction of a Michael Jackson glove since his death on June 25 this year at age 50.

Jackson visited Australia in 1996 as part of his HIStory world tour. While in Sydney, he attended the Australian premiere for the film "Ghosts," in which he had a starring role. At the end of the screening, he tossed the glove at audience member Bill Hibble, who has since died, said national head of collectables Giles Moon.