Julien's Auctions had the king of auctions featuring items from the king of pop, Micheal Jackson.  A world-wide bidding frenzy took place by museums, collectors and fans alike, including Lady GaGa, whom herself bought up 55 items in the auction.  After a full day of bidding, more then $5 million was raised, with a portion of the proceeds to benefit 2 charities, those being Nathan Adelson Hospice in Las Vegas and Guide Dogs of America.

Some key items that really raked in the dough include Michael Jackson's Bad Tour jacket, which got a whopping $240,000!  Also, a white glove (pictured above) that belonged to the king of pop pulled in $192,000!

Julien's Auctions:

Highlights included a cross-section of every era of Michael Jackson’s spectacular career. A Michael Jackson BAD tour jacket sold for $240,000 a white Michael Jackson fantasy glove sold for $192,000 with a second crystal glove selling for $115,200, Michael Jackson’s 1973 Oscar performance ensemble sold for $51,200, Michael Jackson’s signed loafers sold for $10,000, A Michael Jackson signed Captain EO shirt sold for $9,375, a Michael Jackson multi-signed record set sold for $15,360, a White House jacket worn by Jackson to a visit with President George Bush sold for $144,000, a Michael Jackson “We Are the World” jacket sold for $40,625,  a Michael Jackson BAD tour shirt sold for $144,000, a BAD tour belt sold for $37,500, a Michael Jackson military style jacket sold for $40.625 and a Michael Jackson signed and worn jacket sold for $156,000.

An incredible auction that proved even in these economic times, generosity still exists!