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The black leather motorcycle jacket worn by Olivia Newton-John in 1978’s blockbuster musical “Grease” was the top-selling ...

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The black leather jacket worn by Olivia Newton-John in "Grease" was the top-selling item at a Hollywood memorabilia auction.

A leather jacket worn by Olivia Newton-John in Grease has sold for almost half a million dollars at a Beverly Hills auction.

Described as "a classic design" from the 1978 musical, the jacket had been expected to sell for around $US80,000 — $100,000.