The famous red and black leather jacket that Michael Jackson wore while dancing with the zombies in the famous video for “Thriller” was sold for $1.8 million at auction. Texas businessman and collector Milton Verret plans to display his latest acquisition at an Austin children’s hospital before sending it on tour to raise more money for children’s charities.

Recent auction sales have been huge business lately. Just last week, the “subway grate” white dress that Marilyn Monroe in The Seven Year Itch, was sold for a record $5.6 million. The famous outfit was part of Debbie Reynolds’ collection, which also included Audrey Hepburn’s My Fair Lady dress that racked in $4.million at the same auction.

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