Will Ferrell’s 'Buddy The Elf' costume sells at auction for almost $300,000

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Does you love for Elf go this deep?

Will Ferrell’s iconic "Elf" costume sold for almost $300,000 at an auction in the United Kingdom on Tuesday.

An anonymous bidder at the Prop Store Entertainment Memorabilia auction forked over $296,702 (£218,832) for the wardrobe.

According to TMZ, the costume was only expected to clean up with between $27,116 and $40,675 (£20,000 and £30,000).

Funny thing is, that wasn't the most expensive item sold at the auction! The famous Wilson volleyball featured in the 2000 Tom Hanks movie “Cast Away” sold for a staggering $388,750 (£286,722).

Ferrell’s costume was created by Carelli Costumes in New York, and consists of a dark green tunic, matching velvet hat and a pair of shiny black munchkin shoes.

The comedian has yet to publicly comment on the phenomenal sale price.

Last month, Ferrell revealed he turned down $29 million to reprise his role in an “Elf” sequel because he would not have been able to “promote the movie from an honest place.”

The “Elf” costume is among 1,100 lots of movie memorabilia being auctioned off by Prop Store over the course of three days.

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