Olivia Newton-John's iconic leather jacket sells for astonishing price

Olivia Newton-John's iconic leather jacket that she wore in the classic  1978 musical Grease has sold at auction for almost a million dollars. 

The biker jacket was sold to a private buyer in Los Angeles for an astonishing USD $476,250 (AU $749,645.84).

It had been expected to sell for around $US80,000 — $100,000 ($125,924 —$157,405).

It was just one of the many collectors items once owned by the late actress that was sold in the auction Property From the Estate of Olivia Newton-John. 

Other items up for grabs included her 2002 ARIA Hall of Fame Award, which sold for AU $20,000, her 2014 passport, her turquoise baby grand piano, and a copy of a handwritten speech she once gave. 

A portion of the proceeds will go to The Olivia Newton-John Foundation Fund — a fund dedicated to researching plant medicine and cancer.

The actress originally sold the jacket for a whopping AU $587,000 in 2019 through an auction house, and the buyer shocked her by returning it. 

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The leather jacket remained in her possession until her death in August 2022, after a brave decades-long battle with breast cancer. 

Image: CPC/THA/ Shutterstock Editorial