Michael Jackson's hat on sale for Dh4 million: 5 most famous music memorabilia sold at auctions

Music enthusiasts and Michael Jackson fans around the world have a reason to cheer. A sought-after piece of music memorabilia will be hitting the auction block this fall in Paris. The iconic black fedora worn by the legendary pop icon just before his legendary moonwalk performance will be up for grabs during a prestigious auction in the French capital in September, reported AFP.

Fans around the world first caught a glimpse of the moonwalk during a televised Motown concert in 1983. During his performance of the iconic hit, Billie Jean, Michael Jackson effortlessly whipped off his hat and performed the step that soon became revered as the moonwalk, an indelible part of pop culture history. Therefore, it comes as no surprise that the estimated value of the black fedora ranges between 60,000 and 100,000 euros (Dh238,744-Dh404,028), the report added.

The number may sound mind-boggling, but auctions involving music memorabilia often amount to several thousands of dollars. Here is a list of the five most famous music memorabilia and how much they sold for at auctions.

Rolls Royce Phantom V 1965 of John Lennon: $2,898,724 (Dh10,646,984)

While the Rolls Royce Phantom V 1965 is technically a car, it is an important element in the legacy of the Beatles. Owned by John Lennon, the Rolls Royce is painted in psychedelic patterns and floral motifs, much to the enragement of purists, reported Rolling Stones.

Over the years, however, the car came to be seen as a symbol of the swinging sixties and even a metaphor of sorts for the inimitable identity of the Beatles. It was bought by Canada’s Royal British Columbia for almost three million dollars (Dh11,018,970)

John Lennon’s handwritten lyrics: $1,344,477 (Dh4,938,250)

The second most expensive music memorabile is also a Beatles souvenir. Lyrics of the classic “A Day in the Life” were written separately by Paul McCartney and John Lennon.

The lyrics by Lennon were based on the daily news, white McCartney chose to look back at his youth for inspiration. Therefore, it comes as no surprise that the lyrics of the song – ranked by Rolling Stones as the greatest song ever written by the Beatles – sold for nearly 1.5 million dollars (Dh5,509,485), reported Fox News.