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Sold to the highest bidder! Spanx found Sara Blakely, pictured, was revealed as the buyer of the iconic black satin leggings of Olivia Newton-John & # 39; s

The founder of Spanx, Sara Blakely, has earned her billion dollar fortune with shapewear, but finally she has to find the tight-fitting leggings that inspired it all, it must be priceless.

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The Florida resident, 48, was unveiled as the new owner of the iconic black satin leggings worn by Olivia Newton John during the Grease final.

On CBS This morning, Olivia personally thanked Sara for buying the pants for a whopping $ 162,000 – as well as an adjusted Pink Ladies jacket – because the proceeds go directly to her hospital, the Olivia Newton-John Cancer Wellness & Research Center in Australia.

Sold to the highest bidder! Spanx found Sara Blakely, pictured, was revealed as the buyer of the iconic black satin leggings of Olivia Newton-John & # 39; s

Sold to the highest bidder! Spanx found Sara Blakely, pictured, was revealed as the buyer of the iconic black satin leggings of Olivia Newton-John & # 39; s

Sold to the highest bidder! Spanx found Sara Blakely, pictured, was revealed as the buyer of the iconic black satin leggings of Olivia Newton-John & # 39; s

Sold to the highest bidder! Spanx found Sara Blakely, pictured, was revealed as the buyer of the iconic black satin leggings of Olivia Newton-John & # 39; s

Should she have: the shapewear entrepreneur, 48, said the pants had inspired her throughout her career and she was & # 39; so excited & # 39; to have bought them for $ 162,000

Should she have: the shapewear entrepreneur, 48, said the pants had inspired her throughout her career and she was & # 39; so excited & # 39; to have bought them for $ 162,000

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Should she have: the shapewear entrepreneur, 48, said the pants had inspired her throughout her career and she was & # 39; so excited & # 39; to have bought them for $ 162,000

Sara wore a pair of black faux leather Spanx inspired by Olivia's iconic outfit and said to the audience: & oh my god, i'm so excited. I have the pants! & # 39;

Famous: Olivia Newton-John & # 39; s impossibly tight pants was part of a recent auction by the actress, 71, in support of her charity for cancer

Famous: Olivia Newton-John & # 39; s impossibly tight pants was part of a recent auction by the actress, 71, in support of her charity for cancer

Famous: Olivia Newton-John & # 39; s impossibly tight pants was part of a recent auction by the actress, 71, in support of her charity for cancer

She added: & # 39; I have been Olivia's biggest fan since I was a little girl, since Grease came out. & # 39;

The pants were offered for sale at the weekend by Julien & # 39; s Auctions in Beverly Hills, California, along with around 500 other pieces from Olivia, 71.

& # 39; I didn't have a game plan, & # 39; Sara said about the bidding process.

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& # 39; I was actually in New York for my birthday with my husband and we were eating out.

& # 39; I had a friend bidding on me and I had her on the speaker. & # 39;

She laughed: & I said, "Honey, honey, I won the pants!" He said, "Let's be clear. You didn't win the pants you paid the most!"

Inspired: Sara showed the public that she was wearing the black faux leather leggings from her company Spanx, inspired by the iconic pair of Olivia

Inspired: Sara showed the public that she was wearing the black faux leather leggings from her company Spanx, inspired by the iconic pair of Olivia

Inspired: Sara showed the public that she was wearing the black faux leather leggings from her company Spanx, inspired by the iconic pair of Olivia

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Sara told the hosts that she will be wearing the pants at her company's headquarters in Atlanta, Georgia. The original home-made Spanx & # 39; prototype & # 39; also hangs on the wall. that she made out of tights & # 39; s decades ago.

& # 39; I'm going to frame them and hang them on Spanx. We have black leatherette leggings. They are inspired by Olivia's pants. She is the OG of black leggings – I had to own them as the founder of Spanx. And I'm just a big fan of hers and it was for charity, & Sara said.

Sara also told anchor Gayle King that Olivia surprised everyone when she sang her wedding to entrepreneur Jesse Itzler in 2008.

She joked that her husband, with whom she has four children, actually thought it was a random marital singer.

Fan: The mother of four revealed how the actress sang at her wedding in 2008

Fan: The mother of four revealed how the actress sang at her wedding in 2008

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Fan: The mother of four revealed how the actress sang at her wedding in 2008

Surprise: everyone - even Sara & # 39; s husband Jesse, in the right photo - was in shock at the surprising performance

Surprise: everyone - even Sara & # 39; s husband Jesse, in the right photo - was in shock at the surprising performance

Surprise: everyone – even Sara & # 39; s husband Jesse, in the right photo – was in shock at the surprising performance

Sara revealed: & # 39; I called someone who knew her and said, "This would be a dream of mine." Our first wedding issue was a compilation of four songs, we took 15 seconds of each song and it ended with Hopelessly Devoted. & # 39;

Olivia personally thanked Sara for the purchase via a video call. The celebrated actress fights against stage four breast cancer.

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& # 39; I am so incredibly excited that it went to this person because I happened to sing at her wedding and I still have the cards she handed out as party items, & # 39; she said.

& # 39; I'm going to cry! & # 39; Olivia called the studio to thank Sara for buying the pants and revealed that she still had the party supplies that the Spanx founder had given to wedding guests

& # 39; I'm going to cry! & # 39; Olivia called the studio to thank Sara for buying the pants and revealed that she still had the party supplies that the Spanx founder had given to wedding guests

& # 39; I'm going to cry! & # 39; Olivia called the studio to thank Sara for buying the pants and revealed that she still had the party supplies that the Spanx founder had given to wedding guests

& # 39; I am so happy, Sara, that you have my pants. I couldn't think of anyone better to have them, because they are the original Spanx, right? & # 39;

& # 39; You have done so much for my hospital, I am eternally grateful. Thank you very much, & she added.

A visible awe Sara added: & I am really about to cry! I've been dancing to her since I was seven years old. The A-track from Grease, are you kidding me? (It) always played in my house. & # 39;

And to confirm, a tape from 1979 on which the entrepreneur dances on the Grease soundtrack in a Sandy-inspired outfit was broadcast for everyone to see.

Fan: CBS has bought a tape from seven-year-old Sara who dances in a Sandy-inspired outfit, anyway

Fan: CBS has bought a tape from seven-year-old Sara who dances in a Sandy-inspired outfit, anyway

Fan: CBS has bought a tape from seven-year-old Sara who dances in a Sandy-inspired outfit, anyway

& # 39; There is an eight-year-old little girl from Clearwater, Florida, who knows I own these pants. This is an American dream moment for me, & she concluded.

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During a segment on CBS during the weekend, Olivia, who played Sandy, showed that she could still fit in the pants about 40 years later and said: & # 39; They are alive again! & # 39;

According to the show, Sara also bought a modified Pink Ladies jacket that was presented to Olivia by the cast and crew of the film.

As the founder and owner of Spanx, which sells underwear, leggings, swimwear and maternity wear in 65 countries, its assets are estimated at $ 1 billion.

A one-time door-to-door fax salesperson, she is also a co-owner of the Atlanta Hawks basketball team, along with billionaire Tony Ressler and her husband. Jesse.

Like a glove! Olivia proved that the tight-fitting pants still fit into the hit film 40 & a half years after her turn

Like a glove! Olivia proved that the tight-fitting pants still fit into the hit film 40 & a half years after her turn

Like a glove! Olivia proved that the tight-fitting pants still fit into the hit film 40 & a half years after her turn
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Like a glove! Olivia proved that the tight-fitting pants still fit into the hit film 40 & a half years after her turn

Like a glove! Olivia proved that the tight-fitting pants still fit into the hit film 40 & a half years after her turn

Film History: Sara has successfully purchased the tight satin pants, left and right, for $ 162,000 at the Beverly Hills auction

Film History: Sara has successfully purchased the tight satin pants, left and right, for $ 162,000 at the Beverly Hills auction

Film History: Sara has successfully purchased the tight satin pants, left and right, for $ 162,000 at the Beverly Hills auction

Film History: Sara has successfully purchased the tight satin pants, left and right, for $ 162,000 at the Beverly Hills auction

Film History: Sara has successfully purchased the tight satin pants, left and right, for $ 162,000 at the Beverly Hills auction

Gang: Sara also bought a Pink Ladies custom jacket made for Olivia, referring to the clique she was part of in the movie Grease
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Gang: Sara also bought a Pink Ladies custom jacket made for Olivia, referring to the clique she was part of in the movie Grease

Gang: Sara also bought a Pink Ladies custom jacket made for Olivia, referring to the clique she was part of in the movie Grease

At the auction, the matching black leather jacket from the famous ensemble made $ 242,000. It is still unknown who bought the item of clothing.

A movie poster with fat signed by Olivia and her co-star John Travolta was expected to reach $ 1,000 – but sold for the much higher price of $ 64,000.

Olivia spoke with Australia last month Show today about the auction and say it's the & # 39; real deal & # 39; is.

She also described the auction as a & # 39; large-scale garage sale & # 39 ;.

Over the moon! Olivia & # 39; s personal belongings, including the leather jacket worn with the pants in the iconic scene, raised more than $ 2 million at a recent auction

Over the moon! Olivia & # 39; s personal belongings, including the leather jacket worn with the pants in the iconic scene, raised more than $ 2 million at a recent auction

Over the moon! Olivia & # 39; s personal belongings, including the leather jacket worn with the pants in the iconic scene, raised more than $ 2 million at a recent auction

A tight fit: Olivia had to be famously sewn in the tight leather pants she wore during her performance of You are the one I want in bold next to John Travolta (photo)

A tight fit: Olivia had to be famously sewn in the tight leather pants she wore during her performance of You are the one I want in bold next to John Travolta (photo)

A tight fit: Olivia had to be famously sewn in the tight leather pants she wore during her performance of You are the one I want in bold next to John Travolta (photo)

& # 39; If you are a billionaire with a granddaughter who loved Grease, this is for you! & # 39; she said, laughing.

She also said the auction & # 39; about simplifying life & # 39; because she has collected so many film memorabilia over the years.

According to the auctioneer, Olivia's collection contained more than 200 items, including outfits she has worn in films and TV shows.

Go, go, go! The auction took place in Beverly Hills, with Olivia, on November 2, and was broadcast live on the website of Julien & # 39; s Auctions

Go, go, go! The auction took place in Beverly Hills, with Olivia, on November 2, and was broadcast live on the website of Julien & # 39; s Auctions

Go, go, go! The auction took place in Beverly Hills, with Olivia, on November 2, and was broadcast live on the website of Julien & # 39; s Auctions

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