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June 28, 2011  | by: Svenja van den Woldenberg

Michael Jackson

Although the then 50-year-old star passed away two years ago, Michael Jackson is making just as much money as ever.

Jackson’s famous red “Thriller” jacket sold for $1.8 million at Julien’s Auctions in Beverly Hills this weekend. It was amongst several pieces of famous memorabilia including items from The Beatles, Madonna and Elvis Presley, but the King of Pop still ruled supreme.The estimated bid for Jackson’s jacket was between $200,000 to $400,000, which the winning bid overshadowed by far. It was originally given to Jackson’s long-time costume designers, Dennis Tompkins and Michael Bush; it now sports an inscription that the two wrote on the jacket’s lining and the sleeve is signed, “Love Michael Jackson.”

Other possessions in the auction that once belonged to the star included one of his crystal covered gloves that he wore in the 1980′s; the shiny icon sold for $330,000, the signature fedora he wore during his Bad Tour sold for $16,250, a hand written note to Elizabeth Taylor sold for $5,625 and a signed pillow case sold for $3,584.

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