Olivia Newton-John's electrifying 'Grease' finale outfit could sell for $260,000

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Olivia Newton-John's electrifying 'Grease' finale outfit could sell for $260,000
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Olivia Newton-John's iconic 'Grease' finale outfit could sell for $260,000. (via CNBCMakeIt)

1978: Left to right: actors Jeff Conaway, Olivia Newton-John, John Travolta and Stockard Channing walk arm in arm at a carnival in a still from the film, 'Grease' directed by Randal Kleiser.The iconic tight black pants and leather jacket Olivia Newton-John wore as "cool" Sandy in the finale of the 1978 movie "Grease" will go to auction and could sell for $260,000, according to Julien's Auctions.

"I wanted to hold on to things I love, but then I realized I am never going to wear them again," Newton-John tellsAfter seeing an auction Julien's held for some of Bette Midler's performance costumes, Newton-John thought "I could do that! I need to simplify my life — I've just read Marie Kondo!" she says.

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