Julien's Auctions said the auction on November 21 at New York's Hard Rock Cafe will start with a minimum estimate of $40,000 to $60,000. The glove's current owner, Walter Clyde Orange, a founding member of the Commodores band, is apparently selling it.

Other items from music greats Elvis Presley, Kurt Cobain, Jimi Hendrix and the Beatles will also go on the block.

Jackson wore the famous glittering glove on his left hand as he took the stage at a Motown Gala in 1983. That was the event where he introduced his legendary Moonwalk dance step to the song Billie Jean.

After his performance, Orange asked Jackson for an autograph. Instead, the singer gave him the glove.