A Pontiac Trans Am owned by Burt Reynolds and based on the movie "Smokey and the Bandit" sold for $450,000 over the weekend in Las Vegas.
The vehicle was originally only expected to fetch around $60,000 to $80,000, but that changed quickly.
Reynolds, 78, sold a large collection of his memorabilia through Julien's Auctions at the Palms Casino Resort in Las Vegas, which took $2.5 million, according to Fox411, over a two-day period.
"I am simply selling some of my memorabilia that I have enjoyed for so many years but do not have use nor room for them anymore," the Oscar nominee said to "Entertainment Tonight.
This probably means the 650-item auction was not motivated by financial woes, but actually because Reynolds was tired of having so many things in his house.
Planning for the sale took two years, according to Martin Nolan, executive director at Julien's Auctions of Beverly Hills, which handled the event.
"Quite frankly," he said, "I am sick of so many pictures of myself in my own home."
Though the car never actually appeared in the 1977 movie or any of its sequels, fans of the classic movie started an intense bidding war that pushed the price up on Monday. Online bidding started more than a week ahead of time, and the vehicle was at $70,000 by Dec. 2.
"I have been in the auction community for 25 years and I've never seen an opportunity like this," Museum of Television president James Comisar said to ET.
Reynolds' black Trans Am car with gold firebird detailing was only used as a promotional vehicle before it was signed over to the Golden Globe-winning actor, the Julien's Auctions website said.
Other items sold during the auction included a red nylon Bandit jacket that Reynolds wore in the movie, which went for $34,375. A go cart version of the Trans Am which went for $13,750 and a pair of Bandit cowboy boots went for $20,000.
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