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Will Ferrell’s iconic Elf costume has sold for almost $300,000 at auction in the United Kingdom. The sale occurred at the Prop Store Entertainment Memorabilia auction on Tuesday, with an anonymous bidder forking out $296,702 for the ensemble. The costume was only expected to fetch between $27,116 and $40,675. Ferrell wore the costume during the production of Elf, which was filmed in 2003.