The bidder agreed that the outfit was the one they wanted, despite the heavy price tag.
At the auction, the black leather jacket and skin-tight pants that Olivia Newton-John wore for Grease’s final were worth $405,700 (£ 314,000) – more than twice the estimated bid.
Also among the items on sale in Beverly Hills, California, was the actress ‘ original script from the film, which raised $2.4 m in total.
Some of the funds raised will go to Newton-John’s cancer treatment centre in Australia.
The names of the buyers are not public.
Grease was released in 1978 and, along with John Travolta, Olivia Newton-John was playing demure Sandy as bad boy Danny.
The infamous black outfit marked Sandy’s transition from a good high school girl to a sexy, leather-clad biker chick when the couple sang in a fairground, You’re the One I Want.

In the 1950s, the original pants were made
When she wore them, the leather pants were already two decades old and had a broken zip that meant that they had to be sewn into Newton-John.
She stated that “limited” what she could eat and drink while filming, adding “those were long days”.
The pink dress she wore to the premiere of the film sold for $18,750, confirmed by Julien’s Auctions-three times the estimate.
Newton-John asked buyers to send their own photos with the items together with a personal note.
She said it was a “simplification of my life” to sell a lot of her possessions.
At 71 years of age, the British-born Australian star is being treated for stage four breast cancers.
She was initially diagnosed with the disease in 1992 and 2013 and opened with other natural remedies for the disease to use medicinal marijuana.


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