Suit worn by Gene Kelly in Singin' in the Rain sells for £65,000 at auction to Planet Hollywood Robert Earl, the founder of Planet Hollywood bought the suit when it resurfaced earlier this year Gray belted suit was worn by Kelly in iconic scene of the 1952 movie Was bought by collector at sale of MGM costumes in 1970s for just $10 Bought second Singin' In The Rain suit for $75 which is on sale for $6,500 Snapped up both suits when he saw superstar's name on the label The suit worn by Gene Kelly in the classic musical "Singin" in the Rain" has been sold for £65,000. The garment was bought by Robert Earl, the founder of restaurant chain Planet Hollywood, who had been after it since it resurfaced earlier this year. The piece of Hollywood history has come at a price though and, like the film, it has aged well with time. Worth Singin' in the Rain for: The water-stained gray woolen suit worn by Gene Kelly in Singin' In The Rain sold for £65,000 Star suit: The Hollywood superstar wore the belted two piece suit when he famously splashed through puddles while singing the title song in the 1952 movie The suit was last sold to memorabilia collector Gerald Sola for just for £6.50 in 1970 when MGM Studios, which made Singin" in the Rain in 1952, was having a cleanout. Sola now stands to make a 10,000 per cent profit on his investment. Kelly made the belted two piece gray woolen suit famous after dancing joyously in it during a downpour in Singin" in the Rain. Snapped up a bargain: The anonymous collector picked up the suit for just £6.50 in 1970 when he saw Kelly's name on the label And 60 years on the jacket still bears the marks of filming - the inside of it is covered in water stains from where Kelly was repeatedly drenched during takes. Auctioned off: Planet Hollywood founder Robert Earl bought the suit after it resurfaced earlier this year The garment was made specially for 5ft 7 actor by Oscar-winning costume designer Walter Plunkett, who also designed the clothes in Gone With The Wind. Plunkett had a then-enormous costume budget for the film of $157,000 (£96,000) to create the period 1920s designs. Hollywood legend has it that the wool suit shrank during the three days of filming leaving the inside label stained even to this day - Kelly's name is still smudged. The suit had been expected to go for around £12,000, meaning that the final price was three times the estimate, said Dallas-based auctioneers Heritage Auctions. In an interview before the sale Sola, a retired postal worker, said that when he first saw the suit he was stunned. He said: "I noticed right away that there were water stains in the jacket. I knew right away what it was from so I bought it. Earl said he plans to put the suit on display in one of his Planet Hollywood restaurants, though he had not yet decided which one. Singin" in the Rain follows Kelly's character, actor Don Lockwood, in his attempts to move from silent films into "talkies" before venturing into musicals. Margaret Barrett, from Heritage Auctions, said: 'Singin" in the Rain is one of the best and most loved musical movies ever made and this suit comes from its most famous scene. Legend has it: The suit is water stained from when Kelly was drenched repeatedly during filming and Hollywood legend has it that it also shrunk during the three days of filming Incredibly the current owner picked it up from the famous MGM costume sale in 1970 for just $10 (£6.50). 'All the costumes were hanging on racks and as he was searching through them he noticed Gene Kelly's nametag on the inside. Then he saw the inner lining was water stained and realised it had to be the jacket from Singin" in the Rain. 'Also on the rack was another of Gene's suits from the film which he had to pay $75 for. 'They now look like they're going to have been a very good investment.' Also on sale: This beige and navy outfit which was also worn by Kelly in the film was also being sold for $6,500 at auction On screen: Kelly wore the beige and navy suit in the scene when his character meets Cosmo Brown As well as starring in Singin" in the Rain, Gene Kelly also choreographed and directed it. The film was conceived as promotional vehicle for songs written by MGM's Arthur Freed in the 1920s and 30s. The theme song Singin" in the Rain was first performed by Doris Eaton Travis in The Hollywood Music Box Revue in 1929. It then appeared in the 1929 musical The Hollywood Revue, on Annette Hanshaw's album Volume 6, in the 1932 film Speak Easy and by Judy Garland in Little Nellie Kelly in 1940. Since Singin" in the Rain it has been used in numerous films including Alfred Hitchcock's North by Northwest in 1959 and A Clockwork Orange in 1971. It was also the subject of one of Morecambe and Wise's most famous sketches.