Hoffman Ma of Hong Kong placed the winning bid Saturday on behalf of Ponte 16 Resort Hotel in Macau. With taxes and fees, the resort will pay a total of $420,000 for its piece of Jackson memorabilia.
"It was a fairly good discount," Ma said.
The auction— held in New York by Julien's Auctions — was mostly dominated by Jackson, with more than 80 items on the auction block. The sale, titled "Music Icons," also had items from Elvis Presley, the Beatles and Mariah Carey.
Other items from Jackson, who died at 50 on June 25, included a jacket worn during his 1989 "Bad" tour (sold for $225,000), handwritten lyrics of "Beat It" (sold for $60,000) and a fedora worn for the moonwalk (sold for $22,000).