'Grease' Outfit Worn by Olivia Newton-John Fetches Over $400,000 at Auction. The get-up is the black leather ensemble worn at the end of the classic 1978 movie. According to CNBC, the piece was bought for $405,700 in Beverley Hills. That is well above the estimated sale price, which was up to $260,000. SOLD for $405,700! The iconic black leather jacket and high-waist pants worn by @olivianj in the final scene from Grease!, @JuliensAuctions/Twitter. Other outfits worn by Newton-John were also auctioned off. They include a "Pink Ladies" jacket that went for $50,000. The auction ended up bringing in $2.4 million overall. Part of the funds will go to the Olivia Newton-John Cancer Wellness & Research Center. The 71-year-old singer and actress is currently in a bout with stage four breast cancer
