Michael Jackson's jacket sells for £250,000 at auction

An iconic leather jacket worn by Michael Jackson in the 1980s has been bought for £250,000 ($306,000).

Report informs via the BBC that the black-and-white garment, worn by the late singer in a Pepsi advert, had been expected to sell for between £200,000 and £400,000 at the auction.

Wham! star Michael wore his La Rocka jacket while duetting alongside US singer Aretha Franklin in I Knew You Were Waiting (For Me). It sold for £93,750 ($115,000) - also including the buyer's premium - as part of the four-day Propstore entertainment sale.