Unusual Michael Jackson Memorabilia Expected to Fetch Massive Price at Auction
Michael Jackson will always be the King of Pop. Other stars may come, but it’s unlikely that anyone could ever surpass the king. For that reason, any item valued by Jackson now has incredible worth to his fans.
People are willing to pay huge amounts for a piece of pop history. In fact, you won’t believe what fans are willing to pay for one item in particular.
Michael Jackson’s moonwalk socks have incredible value
A lot of surprising collectibles fetch amazingly high prices, but this may be the first time someone has paid over two million dollars for dirty socks. Of course, these crystal-covered socks were worn by Michael Jackson during his first moonwalk onstage at the Motown 25: Yesterday, Today, Forever TV special in 1983.
The socks were part of the Gotta Have Rock and Roll online auction beginning November 13. The bidding was to start at $100,000, but it’s estimated that they could sell for as much as $2 million.
The socks were a part of the late music executive, Frank DiLeo’s collection. He managed Jackson under Epic Records from 1984 to 1989. Included in the sale is a letter from Jackson to DiLeo gifting him the socks, and thanking DiLeo for keeping him on his “toes” throughout his Victory tour.
Fans are eager for all kinds of Michael Jackson memorabilia
This isn’t the first time that Jackson memorabilia has fetched a massive price. Since his death in 2009, Jackson’s belongings have sold to collectors all over the world.
Even simple items can go for big bucks, like the promotional photograph that sold for $34,880.
But items worn at special events or live performances have even more value. According to The Urban Daily, the diamond-encrusted glove worn by Jackson during the same TV special that he wore the socks sold at auction for $450,000.
During the filming of the music video for Smooth Criminal, Jackson wore several white fedora hats. After the shoot, he signed the hats, and they’ve sold for between $6,000 to $20,000 to collectors.
According to Forbes, several of Jackson’s custom jackets are worth a big price tag. The red and gold jacket that he wore to the 1984 American Music Awards is valued at $20,000 to $30,000. The silver and gold jacket worn by Jackson during his 1984 Victory tour is worth upwards of $20,000. And black and gold jacket he wore during the dedication ceremony for his star on the Hollywood Walk of Fame is also valued for at least $20,000.
Neverland Ranch is available for the right fan
For true Jackson fans, the best memorabilia would be his 2,700-acre property of Neverland Ranch. Unfortunately, the ranch has been on the market for years, and no one seems to want it.
Jackson lived at Neverland Ranch for 15 years. As the name implies, he turned the property into a retreat for children and those who don’t want to grow up. Jackson kept wild animals, built rides, like a Ferris wheel and roller coaster, and decorated the property in a whimsical child-like manner.
Neverland Ranch has been on the market since 2015. When it was first listed, they were asking $100 million for the property. But when no buyers after years on the market, the price has been dropped several times.
It’s currently listed for only $31 million. That’s still a big price tag, but it’s almost 70% off the original price and considering all the features and historical worth, it’s a great value.
The problem is trying to find the right buyer. Jackson built a highly original property that he loved, but it’s not the type of thing most people want to live in. The ranch is so unique, the only use for it would probably be to create a Jackson memorial, similar to Graceland for Elvis.
Unfortunately, after all the scandals that plagued Jackson toward the end of his life, there aren’t many fans that want to accept the job. People still love Jackson for his music, but there’s no doubt that the allegations of child abuse scared his legacy.
Perhaps someday, someone will re-open Neverland Ranch, but until that happens it will just sit empty as it has since his death.