It's one of only two jumpsuits worn by Lee during filming of the movie, "Game of Death," and has inspired tributes in popular culture ranging from Quentin Tarantino's "Kill Bill" to the ninth video game in the "Grand Theft Auto" series.
Wooden nunchaku (also known as nunchuks) used in the central fighting sequence in "Game of Death" went to a British investment manager, George Philips, for HK$540,000 ($69,000).
A green bamboo whip from the same film sold for HK$96,000 ($12,000).
The auction marked the first time these pieces have been offered in Hong Kong, according to Anna Lee, vice-chairperson of Spink auction house, which sold the items on behalf of an unnamed collector in the U.S. film industry.
All the lots came with a certificate of authenticity signed by members of Bruce Lee's family and friends, who inherited the items in 1973 after Lee's sudden death at the age of 32.