June 27, 2011 10:15 AM ET
The Michael Jackson's "Thriller" jacket
GABRIEL BOUYS
A black and red leather jacket worn by Michael Jackson in the music video for "Thriller" sold for $1.8 million at an auction in Los Angeles on Saturday, two years after the singer's death.
The buyer, a Texan gold trader named Milton Verret, says he plans to use the iconic jacket to raise money for children's hospitals around the world. Verret already has plans to display the jacket at the Dell Children's Hospital in Austin, Texas.
Two versions of the jacket were made for the video. This version, with winged shoulders, was autographed by the late singer. Another version, which is scuffed from more intensive wear, is owned by the Michael Jackson estate.
Related: Michael Jackson Remembered
Michael Jackson Immortalized
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