Jackson jacket sold for $1.8m

The jacket worn by Michael Jackson in his Thriller video has sold for $1.8m in an auction to mark the second anniversary of his death.

The iconic black and red leather number was bought by a Texas gold trader, Milton Verret, who plans to use it to raise money for children's hospitals across the world.

Mr Verret was at Julien's Auctions Gallery in Beverley Hills to outbid around a dozen other hopefuls.

"It is one of the most important pieces of rock 'n' roll memorabilia in history," he said.

It was the first time the jacket had been put up for sale by Jackson's costume designers Dennis Tompkins and Michael Bush since they were given the item by the singer before his death.

Other Jackson memorabilia up for grabs included the famous glove worn at the 1984 American Music Awards, a fedora he wore on stage and a wig from the 2009 news conference announcing the This Is It tour.

According to Julien's, some of the proceeds will go to The Shambala Preserve, which is home to tigers that used to live at Jackson's Neverland ranch.

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