Bidding for the iconic fashion piece started at $20,000, around £12,500, but fans were soon whipped into a frenzy and the winner forked out the equivalent of £41,000.
The white embellished accessory was given by the late star to his personal artist, Paul Bedard, in 1984.
Jackson commissioned the artist to create more than a dozen paintings to adorn the walls of his home, and his Neverland Ranch.
The pictures depicted historical figures including Abraham Lincoln, George Washington, Albert Einstein and E.T., all wearing the glove on their right hand.
When asked about wearing the single glove during an interview with Barbara Walters in 1999, Jackson replied: "Why one glove? Cooler than two."
As well as the glove the winning bidder received pictures of the paintings created for the Thriller singer, a photo of Bedard wearing the glove, and a declaration of authenticity.
The artist sold the glove to a private collector in 2005.
LA-based auction house Nate D. Sanders Auctions sold the lot, along with a prototype of the jacket the Beat It hitmaker wore on the cover of his album 'Bad'.
The prototype jacket fetched $12,500, just over £8,000, and varies only slightly from the final jacket used, which included more medal embellishments.
In comparison, a sparkly white glove worn by Jackson for his first Moonwalk sold at auction in 2009, just six months after his death, for $350,000.
Jackson wore the famed glove at his 1983 Motown 25 performance and later gave it to singer Walter Orange of the Commodores.
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