Michael Jackson performing during the Motown 25 special in 1983

Michael Jackson has never been more valuable. The glove he wore during his famous Motown 25 performance in 1983 fetched $350,000 at an auction on Saturday. From the New York Daily News:

The winning bidder counted himself lucky to be taking home the prize of the auction.

"It was a bargain - we were expecting to pay more," said Hoffman Ma, a Hong Kong hotel executive. "We're going to put it on display in our hotel. It will be free for everyone."

Ma traveled to New York just for the auction but some of his staff bid on other items online - to round out their new King of Pop collection, set for display at his Ponte 16 hotel in Macau.

What a brilliant business decision. I know when I go on vacation, I choose hotels based on random memorabilia they have in the lobby. When I went to China last year, I stayed at a hotel that had an actual piece of gum Zac Efron had chewed on display near the front desk. You better motherfucking believe I got my picture taken in front of that. What I want to know is if this guy really wanted to purchase some memorabilia to memorialize Michael Jackson, why didn't he save hundreds of thousands of dollars and buy a $12.95 pack of underoos? Of course if you think $350K is a lot for money for Michael's glove, just wait until his most valuable accessory goes on sale: his nose.

[WENN]