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Iconic Black Leather Pants From ‘Grease’ Sell for $162K

Olivia Newton-John

Olivia Newton-John’s iconic leather pants from the ‘You’re the One That I Want’ scene in 1978’s ‘Grease’ sold for a staggering $162,000 on November 2 at Julien Auctions in California.

But the buyer wasn’t just any ordinary ‘Grease’ superfan or collector — it was founder of powerhouse women’s intimate apparel company Spanx, Sara Blakely.

Newton-John surprised Blakely with a heartwarming video message Wednesday on CBS This Morning:

“I’m so delighted, Sara, that you have my pants and jacket. I couldn’t think of anybody better to have them because they’re the original Spanx … I’m eternally grateful!’

A portion of the proceeds will go to the Olivia Newton-John Cancer Wellness & Research Centre in Melbourne, Australia.

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The 8 year old girl in me is flipping out! My favorite movie growing up was Grease (by far) and I am a HUGE Olivia Newton John fan. In fact, she actually sang at my wedding (that’s another story). Anyway, when I heard her iconic leggings from the movie were up for auction and all the proceeds were going to charity, I had to bid! Well..I WON! These pants are not only iconic but they were the inspiration behind the @spanx faux leather leggings and will proudly hang in our office. That said, these pants represent way more to me than just leggings. They are a reminder that young girls everywhere with big dreams…can have their dreams come true. They represent opportunity, hard work and resiliency. And, they represent a part of the 70’s…one of the coolest decades ever and one of which I’m so glad I was raised. #GreaseIsTheWord #DreamsDoComeTrue @therealonj @gayleking @cbsthismorning @cbsnews

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I have been the biggest fan Olivia [Newton-John] since I was a little girl, since ‘Grease’ came out,” Blakely told CBS This Morning. “My friend called me two ays before the auction — I didn’t know it was happening — and she said ‘Sara, they’re putting the pants up and the outfit for charity … and I thought ‘Oh my God, I’ve got to try to get these.’”

Blakely is a huge fan of Newton-John’s, who performed at Blakey’s 2008 wedding to husband Jesse Itzler with a rendition of the ‘Grease’ hit ‘Hopelessly Devoted’.

Blakely paid above the estimated value of the pants when they were originally put on auction and was in New York at the time of the California auction — but that didn’t stop her!

“I had no game plan … I had a friend bidding for me, she was on speaker phone while [my husband and I] were at dinner.”

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