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.