The coat ' which the late star wore in the iconic 1983 music video which saw him transform into a zombie ' is expected to fetch between $200,000 and $400,000 when it is sold in Beverley Hills, California, later this month.
Auctioneers Julien's said: "We know of no other jacket that is so easily recognisable or one that so altered fashion history. It is the most recognised and significant piece of pop culture.'
The jacket is signed "love Michael Jackson" on its sleeve, and was originally presented to the King of Pop's designers, Dennis Tompkins and Michael Bush, who worked with him on a number of outfits during his career.
The epic 14-minute 'Thriller' video in which Michael wore the leather coat is regarded as one of the most influential and recognisable in pop culture history and featured a street sequence in which a ghoulish version of the singer danced with zombies.
Other items in the sale include the shirt Michael wore in the video to his duet 'Scream' with sister Janet and a black sequined glove the 'Man in the Mirror' star wore at the 1984 American Music Awards, which it is thought will sell for up to $30,000. Another item is a wig worn by the star, expected to fetch up to $6,000.
The 'Music Icons' sale also features memorabilia from a host of other stars, including a bustier signed by Madonna, a pair of trousers worn by Gene Simmons, a Jaguar car owned by Frank Sinatra and a pair of trainers signed by Britney Spears, as well as items once belonging to Bruce Springsteen, Johnny Cash and Elvis Presley.
Julien's 'Music Icons' sale will take place on June 25 and 26.
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