A famed black-and-red calfskin jacket that Michael Jackson wore in the classic "Thriller" video has sold at auction for $1.8 million.
The red-and-black calfskin jacket Michael Jackson wore in his 1983 Thriller video is going on tour.
The new owner, an Austin commodities broker, said Tuesday he plans to take the jacket around the world to raise money for charities that help sick children.
Milton Verret, who recently purchased the jacket for $1.8 million, says he intends to line up corporate sponsors to fund a tour.
Verret already has an agreement with the auction house to give $100,000 from the sale of the jacket to the Superhero Kids Fund at Dell Children's Medical Center in Austin.