Items from the Jackson family pop dynasty has fetched about $500,000 (£252,800) on the first day of a two-day auction in Las Vegas.

Among the items sold was a black military-style coat belonging to Michael Jackson, which sold for $24,000 (£12,131) according to the auctioneers.

Jackson’s MTV music award for song We Are The World fetched $16,000 (£8,087).

The Guernsey’s Auction House sale at the Hard Rock Hotel and Casino had over 1,100 items on offer.

It billed the two-day auction as the biggest-ever sale of Jackson family memorabilia, including clothes, music sheets and gold disc awards belonging to Michael, Janet, Jermaine, Tito and La Toya.

The auction ended on Thursday evening with full sales figures expected later on Friday.

The Jackson memorabilia was sold by Universal Express Inc, a luggage company, who acquired them last March.

The company’s chief executive, Richard Altomare, said he was not disappointed with the sales figures so far, despite the fact the company bought them for $5m (£2.5m) and spent $2m (£1m) transporting them.

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Posted: 06|1|07 at 10:45 am. Filed under: Auction News.