HOLLYWOOD, Calif. — Michael Jackson's infamous white glove sold for $350,000 at a memorabilia auction on Saturday, nearly five months after the King of Pop died.

Jackson wore the rhinestone-studded glove when he unveiled the moonwalk in 1983 on Motown's 25th-anniversary TV special. It was purchased by Hong Kong businessman Hoffman Ma at a music memorabilia sale held by Julien's Auctions at the Hard Rock Cafe in New York's Times Square.

A black jacket that Jackson wore during a 1989 world tour also fetched $225,000, with most of his items selling at 10-20 times more than initial estimates.

Jackson, who died on June 25 at age 50, gave the white glove to Walter "Clyde" Orange of the Commodores after his 1983 performance.

Also see: Michael Jackson Music Videos