Michael Jackson, Thriller
Credit: Michael Ochs Archives/Getty

Michael Jackson's famous red "Thriller" jacket sold for a whopping $1.8 million at Julien's auction in Beverly Hills this weekend. The King of Pop signed the topper as a gift to his longtime costume designers, Dennis Tompkins and Michael Bush, and Texas businessman Milton Verret put down the final $1.8 million bid, EW reports. While part of the sum will go toward the Shambala Preserve, home to Jackson's two Bengal tigers, Thriller and Sabu, there's another charity element—the big spender plans to take the jacket on a nationwide tour of children's hospitals.