A collection of Michael Jackson memorabilia, including the now iconic rhinestone-studded glove he wore when he performed his first moonwalk dance in 1983, is being sold at auction.

The glove and other Jackson items are part of a music memorabilia auction being held by Julien's Auctions at the Hard Rock Cafe in New York's Times Square on Saturday.

Jackson wore the left-handed glove, which accompanied his fedora, when he unveiled what was to become his trademark dance on Motown's 25th-anniversary TV special. It's a modified, store-bought glove covered with a mesh of rhinestones.

The glove's pre-auction estimate is between $40,000 and $60,000.

The pop icon, who died June 25 at age 50, gave the glove to Walter "Clyde" Orange, of the singing group the Commodores, after the 1983 performance.