Michael Jackson’s ‘Bad’ tour jacket gets sold for a whopping $298,000

Michael Jackson’s iconic black “Bad” jacket, which he wore on his first solo tour, was sold for $298,000 Saturday. The selling price was about three times its original asking price. The item was sold at a New York auction which featured items from music legends Prince, Madonna, John Lennon and others, officials announced.

Image capture of video via PixieDust1958 YouTube account

Julien’s Auctions, the auction house that sold the jacket, had an original asking price of $100,000 for the jacket that Jackson signed on the back with a silver permanent marker and was worn throughout the singer’s “Bad” world concert tour from 1987-89.

It is one of the late singer’s most iconic costume pieces alongside his red and black leather “Thriller” music video jacket that sold for $1.8 million at an auction in 2011.

Image capture of video via PixieDust1958 YouTube account

Jackson has become one of the most collectible celebrities since his sudden death in 2009 in Los Angeles at age 50 from an accidental overdose of an anesthetic he was using as a sleep aid.

The “Bad” jacket was sold by Texas businessman and philanthropist Milton Verret along with almost 100 other items from his large rock ‘n roll memorabilia collection.