Some Jacko and Madonna pop memorabilia has been flogged in an auction

An auction held on the eve of the third anniversary of Michael Jackson’s death sold off some items of pop memorabilia – and Madonna’s underwear – for ridiculous sums of money.

Among the items sold were the handwritten lyrics to ‘Billie Jean’ – sold for $40,625 – and a Video Music Award won by Michael Jackson, which sold for the modest amount of $50,000.

Meanwhile, if you had $34,375 to hand in the auction you could have bought a negligee worn by Madonna on her Blonde Ambition tour, or a pair of her pants for $13,750.

What a bargain.

Other items included a dress Whitney Houston wore to the Grammys and a jumpsuit she performed in, selling for $20,480 and $10,240 respectively.

No news of the figure obtained by Faye Tozer’s manky old scarf but we’ll keep you posted.