MICHAEL'S MOONWALK GLOVE SELLS FOR $350K: Winning bidder buys on behalf of a hotel in Macau.

       Winning bidder Hoffman Ma of Hong Kong will pay a total of $420,000, including taxes and fees, for the rhinestone-studded standout in a collection of Jackson memorabilia offered at the Hard Rock Cafe in Times Square. Its pre-auction estimate was $40,000 to $60,000.      

       "It was a fairly good discount," said Ma, a 36-year-old Jackson fan who bought the iconic glove on behalf of the Ponte 16 Resort Hotel in Macau, according to the Associated Press.      

       Jackson, who died June 25 at 50, had given the glove to Walter "Clyde" Orange, of the R&B group the Commodores.       

       The sale, held by Los Angeles-based Julien's Auctions, also included a fedora Jackson wore for the moonwalk. It sold for $22,000, against a $2,000 high estimate. Also, a jacket that Jackson wore on his 1989 "Bad" tour fetched $225,000 — 20 times its low estimate of $8,000.      

       Items from other celebrities were featured at the auction, dubbed "Music Icons." More than 300 items belonging to stars from Elvis Presley and the Beatles to Mariah Carey were up for grabs.