The glove, worn during the Jacksons' 1984 Victory tour, was among over 200 items on offer, which sold for just under $1m (£664,055) in total.
The sale took place at Julien's Auctions at Planet Hollywood in Las Vegas at the weekend.
Some items fetched more than 10 times their estimated value.
"It just shows you Michael Jackson is the most sought after and most collectible celebrity of all time. It was just phenomenal," Darren Julien, who ran the auction, told the Las Vegas Review Journal.
"People flew in from Asia, Russia, all over. Now that he's gone, we now realise the true legend we lost," he added.
The value of Jackson memorabilia appears to be rising. The first of his gloves to go on auction after his death went for $49,000 (£29,900), back in September 2009.
Elvis's hair
A pair of Jackson's loafers, which he wore on stage, were expected to fetch between $2,000 (£1,328) and $3,000 (£1,990) but went for $90,000 (£59,764).
One of his jackets fetched $120,000 (£79,686), even though its estimate was between $6,000 (£3,984) and $8,000 (£5,312).
A white fedora hat sold for $56,250 (£37,353).
Other memorabilia from the likes of Elvis Presley, Prince, Kurt Cobain and Jimi Hendrix was also up for grabs.
A lock of Presley's hair was sold for $20,000 (£13,281), while Prince's handwritten lyrics for Purple Rain fetched $67,650 (£44,900).
A Jimi Hendrix Fender guitar was sold for $180,000 (£119,500).
Fans across the globe paid tribute to Jackson on the first anniversary of his death on Friday.
Jackson's father has filed a wrongful death lawsuit against the doctor charged with giving his son a lethal overdose one year ago.
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